Which Bank has Launched ‘Kavach’ personal loans for Covid-stressed customers?

June 14, 2021

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Which Bank has Launched ‘Kavach’ personal loans for Covid-stressed customers?

A. SBI

B. PNB

C. BOB

D. HDFC

Explanation:

State Bank of India (SBI) recently launched a new loan offering ‘Kavach Personal Loan’ to provide relief to its customers who are facing financial challenges due to covid related treatment costs. Kavach Personal Loan is a collateral-free offering by SBI, under which a maximum of Rs 5 lakh loan can be availed at 8.5 per cent per annum for a period of 5 years.