- SBI launches a special personal loan scheme for Agniveers under the Agnipath Recruitment Programme.
- Loan up to Rs 4 lakh with zero processing fee and flexible repayment tenure matching the Agnipath term.
- Special interest rate of 10.50% available to defence personnel till September 30, 2025.
State Bank of India (SBI) has introduced a new personal loan scheme made especially for Agniveers enrolled under the Agnipath Recruitment Programme. This scheme is meant to support Agniveers financially as they move from their service period to civilian life. With benefits like zero processing fees and flexible repayment options, this loan scheme is an important step towards helping Indias brave hearts.
Special Loan Scheme for Agniveers by SBI
On the 79th Independence Day, SBI announced a special personal loan scheme just for Agniveers who have salary accounts with the bank. This scheme is part of SBIs promise to support the Agnipath Recruitment Programme, which is a short-term service scheme for defence personnel.
Loan Features and Benefits
The loan scheme offers several attractive features made to meet the needs of Agniveers:
- Loan Amount: Up to Rs 4 lakh without needing any collateral.
- Processing Fee: Completely waived, meaning zero processing charges.
- Repayment Tenure: Flexible tenure matching the Agnipath scheme duration, making repayment easy and convenient.
These features make sure that Agniveers can get funds quickly and repay comfortably during or after their service period.
Eligibility and Application Process
To qualify for this special loan scheme, you must be an Agniveer enrolled under the Agnipath Recruitment Programme and have a salary account with SBI. The application process is simple:
- Visit your nearest SBI branch or use the official SBI online banking portal.
- Submit your Agniveer identification and salary account details.
- Fill out the loan application form and provide any extra documents if needed.
SBI wants to make the loan approval process quick and hassle-free for Agniveers.
Special Interest Rate Offer for Defence Personnel
SBI is offering a special flat interest rate of 10.50% on this personal loan scheme for all defence personnel, including Agniveers. This attractive rate is valid until September 30, 2025, giving you plenty of time to take advantage of this offer.
This low-interest rate makes the loan affordable and helps defence personnel manage their financial needs well.
SBIs Commitment to Armed Forces Welfare
SBI has a long history of supporting Indias armed forces. This new loan scheme adds to the banks Defence Salary Package, which has been available to Agniveers and other defence personnel for years.
According to SBI Chairman C S Setty, “At SBI, we believe that those who protect our freedom deserve our full support as they build their futures. This zero-processing fee is just the start as we continue to create solutions that will help Indias brave hearts in the years ahead.”
Also Read – SBI Fixed Deposit Scheme
Through such schemes, SBI continues to stand by the armed forces, offering financial products and services made for their unique needs.
| Feature | Details |
|---|---|
| Loan Amount | Up to Rs 4 lakh |
| Processing Fee | Zero (Waived) |
| Interest Rate | Flat 10.50% till 30 September 2025 |
| Repayment Tenure | Matching Agnipath scheme duration |
| Eligibility | Agniveers with SBI salary accounts |
| Application | SBI branches or online banking portal |
If you are an Agniveer looking for financial support, this SBI loan scheme offers a great chance to meet your needs with ease and affordability. For more details, you can visit the official SBI website at https://www.sbi.co.in/.