SBI unveils ₹4 lakh collateral-free loan scheme for Agniveers under Agnipath programme:

The State Bank of India (SBI) has launched a new personal loan scheme for Agniveers – young recruits serving under the government’s Agnipath short-term defence recruitment programme. Eligible Agniveers with salary accounts in SBI can now avail loans up to ₹4 lakh without any collateral or processing fees. The repayment schedule will be aligned with their service tenure under Agnipath, ensuring convenience during their transition to civilian life. Additionally, SBI announced a concessional flat interest rate of 10.50% on personal loans for all Defence personnel until 30th September 2025.