Archive · 15 Aug 2025
SBI Rolls Out Loans for Agniveers on Independence Day
SBI, a major Indian bank, is offering special loans to Agniveers, young soldiers in the Agnipath military program.
These loans, up to ₹4 lakh, do not require collateral, and there are no processing fees.
The loan repayment aligns with the Agnipath scheme's term.
The bank is also offering a low interest rate to all defense personnel to support them financially.
This initiative is part of SBI's broader commitment to supporting India's armed forces.
SBI launched a special loan scheme for Agniveers on India's 79th Independence Day.
Agniveers with SBI salary accounts can get up to ₹4 lakh without collateral.
SBI has waived processing fees for these loans.
Repayment terms align with the Agnipath scheme duration.
A flat interest rate of 10.50% is offered to all Defence personnel until September 30, 2025.
- Who
- SBI is offering the loans to Agniveers.
- What
- SBI launched a loan scheme for Agniveers.
- When
- Launched on India's 79th Independence Day.
- Where
- India
- Why
- To support Agniveers financially and offer assistance.
- Loan Amount
- Up to ₹4 lakh
- Collateral
- Not required
- Processing Fee
- Waived
- Interest Rate
- 10.50%
- Repayment Tenure
- Aligned with Agnipath scheme term
- Eligibility
- Agniveers with SBI salary accounts
