Kavach Personal Loan Scheme Benefits: This loan covers the cost of Kovid treatment of the customer and his family members.
Kavach Personal Loan Scheme Benefits: State Bank of India (SBI Loan Scheme) has launched collateral-free unique loan offering- ‘Kavach Personal Loan Scheme’ for Kovid patients. According to the company, this loan covers the cost of Kovid treatment of the customer and his family members. A statement from SBI said that under this scheme, customers can avail a loan of up to Rs 5 lakh (Kavach Personal Loan Scheme Benefits) at an effective interest rate of 8.5 per cent per annum for 60 months, with a tenure of three months. Delay is included. Also Read – Himachal Pradesh Lockdown: Corona curfew extended with further relaxation in Himachal Pradesh, see new rules
SBI Chairman Dinesh Khara said, “With this strategic loan scheme, we aim to provide access to monetary support – especially in this difficult situation to all those who have been unfortunately affected by the COVID-19 pandemic. It is our constant endeavor at SBI to work towards creating financial solutions.. Also Read – UK Lockdown Update: UK economy back on track with easing of restrictions
The statement said that in these difficult times, SBI is committed to take care of the financial emergency of the customers for the treatment of Kovid and other personal expenses, so that the battle of Kovid can be effectively overcome. This loan product will also be part of the COVID loan book being prepared by the banks as per the COVID relief measures of RBI. Also Read – Lucknow: Since the Corona epidemic, more than one lakh patients are waiting for surgery, know what is the reason