SBI is Giving the Benefit of up to 5 Lakhs to Corona Patients, Know How to Apply

The country’s largest government bank SBI has brought special offers for its customers. Under this offer, the bank is giving cheap personal loans up to Rs 5 lakh to the customers. SBI (State Bank of India) has taken this decision in view of the spread of Corona infection across the country. The bank has named it Covid Personal Loan. The most important thing about this loan is that you do not need to give any kind of security for this.

No one should have any problem of money to get treatment for their loved ones in the Corona crisis. In view of this, the bank has taken this special step. According to the Indian Banks Association and State Bank of India, salaried, non-salaried and pensioners will be able to take a personal loan ranging from Rs 25,000 to 5 lakh for the treatment of Covid-19.

How much interest will be charged? 

Let us tell you that the bank is giving customers up to 5 years to repay this loan. On this loan, the bank will charge interest at the rate of 8.5 percent from the customers. At the same time, the interest rates for unsecured personal loans range from 10 to 16 percent.

SBI chief gave information

An important meeting was held between SBI chief Dinesh Khara and Indian Banks Association chairman Raj Kiran Rai on Sunday, in which this decision was taken. A covid personal loan has already been approved by the board of public sector banks. This loan will be available for both salaried and non-salaried individuals.

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You can take loan in this way

Let us tell you that you can take this loan by showing the hospital bill in the bank. The bank will give you the loan based on your repayment status and ability. Apart from this, you can also take advantage of this facility by giving an estimated amount of the treatment cost of the corona patient, which will have to be taken to the bank and apply for the loan. In this, banks can give loans ranging from 25 thousand to 5 lakh rupees. However, the bank will have the right to approve and reject the loan.