Vaisakhi Offer- Use Code VAISAKHI24

Register Now

Kavach Personal Loan for COVID-19 Patients

Published on June 13, 2021
Current Context: The State Bank of India (SBI) has launched the ‘Kavach Personal Loan’ scheme for COVID-19 patients.
Kavach Personal Loan for COVID-19 Patients
  • Under the scheme, SBI will offer collateral-free personal loans up to Rs 5 lakh at an annual interest rate of 8.5% for 60 months which is inclusive of three months moratorium.
  • The loan support will help COVID-19 patients to meet their medical expenses either for themselves or family members.
  • The loan under the scheme will be offered under the collateral-free personal loan category.
  • The ‘Kavach Personal Loan’ scheme is a part of the COVID loan book created by banks as per RBI's COVID relief measures.
  • Static Part: 
    • HQ of SBI: Mumbai
    • Chairman of SBI: Dinesh Kumar Khara


Q.1 Which bank launched the ‘Kavach Personal Loan’ scheme for COVID-19 patients?
a. State Bank of India
b. Union Bank of India
c. Axis Bank
d. Bandhan Bank
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu