Archive · 18 Aug 2025
SBI Launches Loan Scheme for Agniveers
SBI, India's biggest bank, has created a special loan plan just for Agniveers, which are people in the armed forces.
This loan is part of the bank's existing program for defense personnel.
Agniveers can borrow up to ₹4 lakh without needing to provide anything as security, and there are no fees to apply.
The interest rate is set at 10.50%, and the loan's duration matches the time Agniveers serve.
This new loan is an addition to the benefits SBI already offers to military members, like free debit cards and insurance.
SBI launched a special loan scheme for Agniveers on Independence Day.
The loan offers up to ₹4 lakh without collateral and waived processing fees.
A flat interest rate of 10.50% applies, effective until September 30, 2025.
Repayment tenure aligns with the Agnipath recruitment program.
The scheme is an extension of SBI's Defence Salary Package.
- Who
- State Bank of India (SBI), Agniveers
- What
- SBI launched a special loan scheme for Agniveers.
- When
- Launched on Independence Day, effective until September 30, 2025.
- Where
- India
- Why
- To provide financial support to Agniveers and strengthen SBI's relationship with defense personnel.
- Loan Amount
- Up to ₹4 lakh
- Interest Rate
- 10.50%
- Processing Fees
- Waived
- Target Group
- Agniveers
- Initiative of
- SBI
- Additional Benefit
- Defense Salary Package