How do I apply for SBI Kavach personal loan? SBI Kavach Personal Loan Apply Online | sbi kavach personal loan | sbi kavach personal loan scheme

How do I apply for SBI Kavach personal loan? SBI Kavach Personal Loan Apply Online

Friends, through today's post, I will tell you how to get SBI Kavach Personal Loan. This scheme has been started by SBI Bank for Corona Pendemic and under this scheme the bank will provide loan up to ₹ 25,000 to, 500,000.

SBI Kavach has been started by Personal Loan Bank for the whole of India. So friends, through today's post, we will be able to know what are the methods to follow to get SBI Kavach Personal Loan and what are the qualifications required for it.

Also, you will know how much interest rate will be required to get this loan and what documents will be required. This personal loan of SBI can be taken as Collateral Free Loan.

‘Collateral Free Loan’ means the bank will give you a loan at a certain interest without any guarantee. This scheme has been developed by SBI Bank for families suffering from Corona virus. So friends, let's start today's post.

What is SBI Kavach Personal Loan?

SBI Kavach Personal Loan is a scheme for all Indians started by State Bank of India and this scheme is launching Corona Pandemi to help the affected families.

These loan customers will be able to avail the treatment. SBI Bank will also be able to avail the benefits of the policy scheme through this scheme and take loans ranging from ₹ 25,000 to, 5,00,000.

Which customers can take SBI Kavach Personal Loan?

SBI Kavach Personal Loan is a new scheme started by SBI and through this loan the bank has started Corona Pandemi to help the affected families.

The scheme provides loans to the customers without any guarantee so that the family members can avail the loan in case of illness. The bank will ask for some credentials and ask the patient who or what is being treated for the loan. This loan will be available to all customers whose covid-19 report has been positive since April 1, 2021.

How much interest should be paid on SBI Kavach Personal Loan?

SBI Kavach will have to pay 8.5% interest per annum on personal loans. Many poor people who do not have enough money for their treatment will benefit from this scheme and for this the banks are giving loans at very low interest rates.

What are the documents required to take SBI Kavach Personal Loan?

• Identity Proof
• Address Proof
• Income Proof
• Covid-19 positive test report

Since this scheme has been started by the State Bank of India to help corona patients, the bank will provide loan only if the corona has a positive report and this loan can be used by the customers only for treatment.

How old is SBI Kavach Personal Loan?

Friends, the bank has not set any specific age limit for this loan, for which the customer needs to have a covid-19 positive report and if he has an account with State Bank of India, this loan can be obtained very easily. You can also go to the bank to find out about this. Approximately, if the customer is over 18 years of age, he can apply for a loan.

How to apply for SBI Kavach Personal Loan?

SBI Kavach Personal Loan You can apply in two ways. The first is to go to the nearest branch or branch and fill up the form related to the loan and get the loan by updating the KYC information of the bank. This method is good for those who do not have mobile or know how to operate.

You can also apply for this loan online from home using YONO SBI App. Here SBI customers can take loan as pre-approved loan by filling up the prescribed form. But here you have to report covid-19 otherwise the loan will not be approved.

Since this loan is being given as a personal loan, it would be better to pay the loan interest as soon as possible as the bank may increase the interest when the loan matures even though you will have enough time for loan interest and there is nothing to worry about.

Friends, I hope you have found out in today's post how to apply for SBI Kavach Personal Loan, what documents are required for this, how much interest will be charged on the loan and what are the conditions of the bank. If you like the post, don't forget to share and comment will surely give you feedback. Thanks for reading this post.