SBI Covid personal loan: Banks are distributing COVID special personal loan up to 5 lakhs for corona treatment. SBI will charge an interest rate of 8.5 per cent only.
This loan will be available for 5 years.
SBI Covid personal loan: Amidst the Corona crisis, public sector banks have taken a big decision together. Under this, public sector banks will distribute Corona Special Personal Loan up to Rs 5 lakh. This loan will be given for a period of 5 years. Individuals will be able to use this loan for their or family’s corona treatment. There was an important meeting of SBI chief Dinesh Khara and Indian Banks Association chairman Raj Kiran Rai on Sunday, in which this decision was taken.
Addressing the media, Dinesh Khara said that SBI will charge an interest rate of 8.5 percent for this loan. However, how much interest other banks will charge on this loan, it will be their decision. However, the COVID personal loan has already been approved by the board of public sector banks. The minimum loan amount will be Rs 25,000 and the maximum amount will be Rs 5 lakh. This loan will be available for both salaried and non-salaried individuals. The maximum tenure of the loan will be 5 years.
Can apply offline
Banking expert Ashwini Rana told the TV9 Digital team that applications for such loans are made offline. This facility is not available online. Therefore, if someone wants to take this loan, then for this one has to go to the bank branch and contact.
RBI has done special financing of 50 thousand crores
The Reserve Bank of India has been encouraging public sector banks to distribute such loans since last month. RBI asked PSBs to treat such loans as priority sector lending status and had financed up to 50 thousand crores for this. In this, 25 thousand crores was announced for NABARD, 10 thousand crores for National Housing Banks and 15000 crores for Small Industries Development Banks.
Cheap loans up to 2 crores to hospitals
Apart from this, healthcare business loans up to Rs 2 crore have also been announced by public sector banks. This loan can be taken from the hospital and nursing home to set up an oxygen plant. This loan will be distributed under the ECGLS scheme, for which the interest rate will be 7.5 percent. This loan will be fully guaranteed. The loan tenure will be of 5 years.
Also read, Today is the last chance: Book a gas cylinder for just Rs 9, Paytm is offering
Also read, The country’s largest private bank changed the interest rates of FD, know the new rates before investing