SBI Kavach -loan for Corona Treatment

 A few months ago, the Reserve Bank allowed public sector banks to provide loan  for corona treatment. Through this, a personal loan called SP Kavas has been introduced.

SBI kavach This SBI KAVACH is a program designed specifically for corona patients. People from all walks of life can avail of this scheme as loans are given without collateral. And the cost of already being treated for a corona infection can be offset by this SBI kavach program.

Who can avail loan through this scheme The scheme will provide loans to monthly salaried persons and non-salaried persons along with the pensioner. The loan is also available to those affected by corona exposure (covid-19 positive)after April 1, 2021.

Required Documents-  Those who wish to avail loans through SBI Kavach Scheme are required to submit a Corona Positive Report to the Bank. Based on this, lending activities will be started. Loan amount Under this scheme 60 months loan of 25000 to 5 lakh rupees is given. This allows the borrower to avail Corona treatment in a very efficient manner with no processing fee. And the added advantage is that there is no processing fee for this loan.

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