SBI launches Kavach Personal Loan for Covid-19 patients
For the people who are holding a bank account with SBI and need money to meet medical expenses related to the treatment of Covid-19 the State Bank of India (SBI) has launched a new loan offer that is Kavach Personal Loan for Covid-19 patients. On or after 01.04.2021 The SBI KAVACH Personal Loan Scheme is only for the Covid-19 treatment of self or family members who are found Covid-19 positive. Importantly, the loan will also cover reimbursement of Covid-19 related medical expenses already incurred by the borrower.
The bank customers who could be Salaried, non-Salaried or Pensioners can avail the loan There will not be any collateral to avail the loan from the bank.The personal loan is available currently at 8.5 per cent per annum for an amount up to Rs. 5 lakh. The tenure of the loan is 5 years which is inclusive of three months moratorium.
For the 60-month loan, the amount has to be repaid in 57 EMIs, including interest charged during Moratorium.As per eligibility of the borrower, the minimum loan amount that can be availed is Rs 25,000, while the maximum is 5 lakhs. There is no processing fee, no security deposit, no pre-payment penalty and no foreclosure charges while availing the loan. The Reimbursement facility is also available through branch channel and the loan will be over and above the existing loans, if any.
The loan is available at the SBI branches as well as through the Digital channel (Pre-approved through YONO). As many of the SBI customers areavailing the Pre-approved Personal loans instantly at their convenience on 24×7 basis through YONO app
SBI Kavach: కొవిడ్‌ చికిత్సకు వ్యక్తిగత రుణం
కొవిడ్‌-19 చికిత్స కోసం రుణం కావాలనుకునే వారికి స్టేట్‌ బ్యాంక్‌ ఆఫ్‌ ఇండియా కవచ్‌ పేరుతో వ్యక్తిగత రుణ పథకాన్ని అందుబాటులోకి తెచ్చింది. గరిష్ఠంగా రూ.5లక్షల వరకు ఎలాంటి హామీ అవసరం లేని రుణాన్ని ఇస్తోంది. దీనికి 8.5శాతం వడ్డీగా నిర్ణయించింది. వ్యక్తిగతంగా, కుటుంబ సభ్యుల చికిత్స ఖర్చుకు ఈ మొత్తాన్ని ఉపయోగించుకోవచ్చని ఎస్‌బీఐ తెలిపింది. ఈ రుణానికి 60 నెలల వ్యవధి ఉంటుందని, ఇందులోనే మూడు నెలల మారటోరియం ఇస్తున్నట్లు ఎస్‌బీఐ ఛైర్మన్‌ దినేశ్‌ ఖారా తెలిపారు.
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