How to Apply Online SBI KAVACH Personal Loan Scheme For Covid treatment of self or family member who are found Covid Positive on or after 01.04.2021

SBI KAVACH Personal Loan Scheme For Covid treatment of self or family member who are found Covid Positive on or after 01.04.2021

SBI Personal Loan at Low Interest, Zero Fee For Salaried, Non-Salaried Classes, Pensioners, Family Members. Where to apply for the loan? SBI Branch; Pre-approved through YONO; What is the processing fee? This loan can be availed with zero processing fees. all details below refer to T&C* 

Purpose of SBI KAVACH Personal Loan Scheme:

For Covid treatment of self or family member who are found Covid Positive on or after 01.04.2021

Website Link: https://sbi.co.in/personal-loans 

Features Channel:

👉 Branch channel: Visit to your Account branch 

👉 Digital channel:  (Pre-approved through YONO) Apply through YONO App

👉 Target Group : Customers of the Bank such as Salaried, non-Salaried as well as Pensioners

👉 Loan facility : Term Loan

👉 Disbursement : Credit to Salary/ Pension/ SB account of the customer

👉 CIC (CIBIL CV Score) : As per Bank’s internal policy

👉 Processing fee : NIL

👉 Security : NIL

Pre-payment Penalty : NIL

Foreclosure Charges : NIL

Loan Amount

👉 Minimum: Rs. 25,000 & Maximum: Rs. 5 Lakhs as per eligibility

👉 Reimbursement facility also available through branch channel

👉 The loan will be over and above the existing loans, if any

Loan Tenure:

👉 60 months (including 3 months moratorium)

👉 Loan to be repaid in 57 EMIs, including interest charged during Moratorium

Rate of interest (Fixed)

👉 8.50% at present (minimum 100 bps lower than similar unsecured product of the Bank)

Repayment Mode

👉 Standing Instruction (SI) on the Salary/ Pension/ SB/CA account