State Bank of India (SBI) has unveiled a special loan scheme for Agniveers, recognizing their service and contribution to the nation. The scheme offers zero collateral loans and attractive low-interest rates, enabling Agniveers to pursue higher education, entrepreneurial ventures, or personal financial goals.
This initiative is part of SBI’s effort to support veterans and ex-servicemen, providing them with easy access to credit and empowering them in civilian life.
Key Features of the Loan Scheme
Zero Collateral Requirement
Agniveers can avail loans without pledging property or assets.
Low Interest Rates
Competitive rates make repayment affordable, reducing financial burden.
Flexible Repayment Tenure
Tenure options range depending on loan type and purpose, ensuring manageable EMIs.
Loan Purpose
Education, skill development, business startup, or personal financial needs.
Quick Sanctioning
Minimal documentation and faster loan approval processes.
Benefits for Agniveers
Financial Independence: Enables Agniveers to pursue dreams without financial strain.
Entrepreneurial Support: Start-ups and small businesses can be financed easily.
Education & Skill Development: Supports higher education and professional courses.
Nationwide Access: Available through SBI branches and online banking facilities.
FAQs
1. Who is eligible for this loan?
All Agniveers, including retired or recently demobilized personnel under the Agnipath scheme, are eligible.
2. What is the maximum loan amount?
Loan amounts depend on the purpose, income, and repayment capacity, with specific limits set by SBI.
3. Are there any collateral requirements?
No, the scheme is zero-collateral, making it easy for Agniveers to access funds.
4. How can the loan be applied for?
Applications can be submitted online through SBI’s portal or at any SBI branch with required documents.
5. What are the interest rates?
SBI offers low-interest rates, which vary depending on the loan type and repayment tenure.
Published on : 13th September
Published by : SMITA
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