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SBI will provide personal loans at an interest rate of 8.5%, loans up to Rs 5 lakh

Cheap loans for corona patients: 

These loans will help people who are facing a crisis of corona
It is named as shield personal loan. It will cover the cost of corona treatment

State Bank of India (SBI), the country's largest bank, has made a big announcement for Koro patients. According to the bank, it will provide loans to Koro patients at an interest rate of only 8.5%. Under this, a loan of up to Rs 5 lakh will be given. This loan does not require any kind of guarantee.

bank said in a press conference that the loan up to Rs 5 lakh will be available for 60 months, i.e. for five years. It will have to pay interest at the rate of 8.5%. Currently the interest rate is at the lowest level. Home loans are currently available at 6.70%. In such a situation, the bank has launched this type of loan for Koro patients.

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Personal loans are very expensive. Personal loans are
usually the most expensive loans. Under this up to 12-20% annual interest is charged. But SBI has launched it at the cheapest rate. According to the bank, people are facing financial problems due to the cost related to Kovid's treatment. So the bank has launched a guarantee free loan. The bank has dubbed it a shield personal loan. The loan will cover Corona's treatment costs.

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The entire family will be covered
, according to the bank, along with the loan under which the entire family will also be covered. It has been launched by Chairman Dinesh Khara. It also includes a three-month moratorium. According to Dinesh Khara, the loan will help people facing the Corona crisis. We believe that this new scheme will be able to meet the needs of the people.

Corona patients have to spend more
In fact, corona patients have to spend a lot. In some cases, the cost is between 10 to 15 thousand rupees per day. A complete treatment costs up to Rs 3-4 lakh per patient. In addition, insurance companies are not providing full coverage under health insurance. In such a situation Corona patients are facing problem to pay the hospital bill.

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