banks are offering personal loans of up to ₹5 lakh for the covid-19 treatment. Individuals can use the loan for the treatment of self or family members.According to Dinesh Khara, chairman, State Bank of India, the interest rate for the bank will be 8.5%.
The minimum loan amount is ₹25,000, and the maximum tenure will be five years for the bank.A few banks have come up with details of the eligibility criteria for this loan.
According to the Union Bank of India's website, the interest rate will be 8.5%, and the maximum tenure will be five years. Typically, personal loans from PSBs charge 14-18% a year.The bank has three eligibility criteria for the loan.