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

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

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Category : Business and economics Published on: August 18 2025

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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.

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

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

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