This Time When the Whole Country is facing The Second Wave of Corona Virus. Banks have decided to give Covid Special Personal Loans to their customers. The Maximum Amount of This Loan is 5 Lakh Rupees. The interest rate will be only 8.5%. All The Public Sector Banks which are operational in India will give this Covid Special Personal Loan. SBI Chairman Dinesh Khara and Chairman of the Indian Bank Association have taken this decision.
Minimum Loan Amount= Rs 25,000. Maximum Loan Amount= Rs 5,00,000
Board of Public Sector Bank approves Covid Special Personal Loan. The minimum Loan Amount Customer can get is Rs 25,000. The maximum Limit of This Loan is Rs 5,00,000. The interest Rate is only 8.5%.
Banks will Distribute this loan under ECLGS Scheme
Public Sector Bank tells that This Loan will be distributed Under ECLGS Scheme(Emergency Credit Line Guaranteed Scheme). This loan is Available for 5 Years. The amount of this loan will be used for the treatment of Covid-19.
The SBI chairman said that it is too early to assess the impact on Corona’s business and economy at this time. Together he also said that this year the business is not as serious as it appeared in the year 2020. He said that the industry is getting the benefit of the ECLGS scheme. The government has also made many important changes in this scheme today.