In just 45 minutes, this bank is giving loans up to 5 lakh rupees, EMI will not be given for 6 months.

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New Delhi: Corona virus has caused major economic losses and problems have increased due to lockdown. At such times, banks are coming forward to give relief. SBI has launched a special scheme to provide relief to the common people at such a time, under the special offer of emergency personal loan, SBI is giving a loan of up to Rs 5 lakh at a low interest rate. No EMI will be required for this scheme for the next 6 months.



The special thing is that this loan can be available to customers in just 45 minutes from home. The loan will have to pay interest at the rate of 10.5 percent per annum, which is lower than the interest rate on other personal loans. Up to 2 lakh rupees can be found for personal loans and up to 2.5 lakh rupees as pension loan and 5 lakh rupees as service class.

Also Read: Home loan transfer can reduce EMI burden, see what is the way

Can apply here
For this, applications can be made online on SBIdot Com, SBI.com.in and YONO App. Download the bank’s app, then click on the pre-approved loan and select the loan term and amount. OTP will come on your phone from the bank. After inserting the OTP, the loan amount will be transferred to your savings account.

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