SBI offers Emergency Loan of 5 lakh rupees in 45 minutes- EMI to start after 6 months

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With life becoming difficult for everyone during the Covid 19 crisis, State Bank of India (SBI) is providing a loan of Rs 5 lakh at a very low interest rate in a very short time. You can apply for this loan withing a time frame of 45 minutes .

EMI will not be given for 6 months
SBI has launched this special loan, giving relief to the common people amid Coronavirus Pandemic, in which you will not have to provide Equated Monthly Installations (EMI) for the first 6 months. This means that if you take this loan from SBI in May, then you will not have to pay any EMI for it till October. Your EMI will start after 6 months of taking a loan.

How much interest will you pay?
You can take a personal emergency loan from SBI at any time. SBI will charge you interest at the rate of 7.25 per cent for this loan. This is also less than the interest charged by many banks.

How much loan can you get?
If you want to take a personal loan, you can take up to 2 lakh rupees. At the same time, this amount will be up to Rs 2.5 lakh as a pension loan. Whereas, as a service class, the limit of this loan will be up to Rs 5 lakh only.

How to make loss of so many crores to world’s largest investor, apply for SBI personal emergency loan?
>>For this loan sitting at home, you will have to type PAPL from your registered mobile number and write the last 4 digits of your account number after the space and SMS it to 567676.

> If you are found eligible by the bank, then you will get the loan in just 4 processes.

>> If you want, you can also apply for this loan through SBI’s YONO SBI app. In this app you have to choose Avail Now option.

>> After that you have to choose the loan term and amount.

> After this an OTP will be sent to your registered mobile number. After filling this OTP at the mandatory place, you will be transferred to the loan in the account.