SBI Pre Approved Kavach Personal Loan Scheme can be now availed through SBI YONO app and web based portal. State Bank of India customer can simply login on portal address given below :
Customer can use thier internet banking credential for login on web based portal. After that they can see notification on first page that they have been offered Covid Relief Loan from State bank of India.
Basic Features of SBI Pre Approved Kavach Personal Loan are given below :
Channel : Branch channel/ YONO App/ Web based YONO Platform
Target Group : Customers of the Bank such as Salaried, non-Salaried as well as Pensioners
Loan facility : Term Loan
Disbursement : Credit to Salary/ Pension/ Current/ Savings account of the customer.
Processing fee : NIL
Security : NIL
Pre-payment Penalty : NIL
Foreclosure Charges : NIL
COVID positive report required (Not more than 30 days old)
Loan Tenure : 60 months (including 3 months moratorium)
Rate of interest (Fixed) : 8.50% at present
Repayment Mode : Standing Instruction (SI) on the SB/CA account