SBI Kavach Personal Loan
Get a quick loan from SBI Kavach Personal Loan for up to Rs. 5 lakhs for COVID treatment for you or your family members. This one-of-a-kind loan has an interest rate that starts at just 10.55% annually and may be readily repaid in a tenure of up to 5 years, including the 3 month moratorium period. Additionally, you are entitled to reimbursement for any medical costs linked to COVID that you have previously paid. With this loan program, the SBI bank hopes to give customers access to immediate financial support during the COVID 19 pandemic.
SBI Xpress Credit
Salaried Employees with SBI pay accounts are eligible for an Xpress Credit Personal Loan.
A maximum loan amount of Rs. 20 lakhs is available to you.
Six years is the maximum repayment duration.
1.50% of the loan amount, with a minimum loan amount of Rs. 1,000 + GST and a maximum loan amount of Rs. 15,000 + GST, is the interest rate for SBI personal loans for salary account holders, which ranges from 10.55% to 13.85% p.a.
Pre-approved Personal Loans (PAPL) on YONO
If you have an account, you can instantly access SBI PAPL through the YONO app, which is available around-the-clock, in only four taps. Currently, this loan is provided to a pre-selected group of consumers based on a set of pre-established SBI criteria.
The annual interest rate ranges from 13.30% to 12.60%.
SBI provides pre-approved loans through YONO at a minimal processing cost.
SMS “PAPL” to 567676 to verify your eligibility.
These loans offer quick processing and four-click disbursement.
Physical paperwork is not necessary for these loans.
No branch visit is necessary.
SBI Quick Personal Loan
This Personal Loan was made available to Salaried Employees without an SBI Salary Account.
The loan amount you receive can go up to a maximum of Rs. 20 Lakhs.
The longest possible repayment term is 72 months.
The annual interest rate ranges from 11.40% to 12.85%.
A processing fee of 1.50% of the loan amount (minimum Rs. 1,000; maximum Rs. 15,000) plus GST is charge for this loan.
The second loan is covered by a provision.
SBI Pension Loan
Defense personnel, Central & State Government employees, and family pensioners who are under 76 years old and whose Pension Payment Order is maintained with SBI are eligible for this SBI personal loan.
For those in the military and retirees from the Central & State Governments, the maximum loan amount offered is Rs. 14 lakhs. It is Rs. 5 Lakhs for family pensioners. Age of the borrower, pension income, age, length of repayment, and other factors all affect how much of a loan is eligible.
For Defense Pensioners, the maximum repayment period is 84 months; for Family and Central & State Government Pensioners, it is 60 months.
Interest rates start at 10.45% per annum and vary.
It will reduce the processing charge for SBI Pension Loans obtained through branches by 50% till January 31, 2021.