A nationwide lockdown has been imposed following the Corona virus epidemic. This poses an economic challenge to tens of millions of people. While many people have become unemployed, there are reports of cuts in the salaries of many. State Bank of India has come up with a tremendous offer of Emergency Personal Loan.
Under this SBI offer, you can get a loan of up to Rs 5 lakh at a very low interest rate. The special thing is that you do not have to pay any EMI for the first 6 months after taking the loan. This loan offer can be very beneficial to meet your financial needs in these difficult times
According to SBI, you can get this loan at home. To get this loan you have to apply from home. According to the bank, the loan will be sanctioned in just 45 minutes. The bank will charge 10.5 per cent interest on the loan taken under this offer. You will have to pay less interest as compared to the interest charged on other personal loans.
The offer includes a personal loan of up to Rs 2 lakh. In addition, you can take a loan of Rs 2.5 lakh under a pension loan and a loan of Rs 5 lakh as a service class.
This is how to get a loan
Before applying to the bank for a loan, you can send an SMS to 567676. Its format will be as follows. Then SMS him to 567676. " The bank will then tell you how much loan you are eligible for.
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Here's how to apply for a loan
The process of applying for a loan is very simple. Information has been given on SBI's official websites onlinesbi.com and sbi.co.in. Accordingly the interested customer can apply on YONO App. If you do not have SBI's Yono app in your phone, download it first. After clicking on the Pre-Approved Loan section and selecting the loan term and amount, the bank will send an OTP to your registered mobile number. You insert this OTP into the app. The loan amount will be transferred to your savings account.
