Currently, the SBI Kavach Personal Loan Scheme is offered at a fixed rate of interest of 8.50% per annum.
SBI Kavach Personal Loan
State Bank of India has launched the SBI KAVACH Personal Loan Scheme to offer immediate financial assistance to meet expenses relating to Covid treatment of self or family member(s) who have tested positive on or after 1 April, 2021. Existing customers of the bank can avail a loan amount ranging up to Rs. 5 lakh and can repay the loan in easy EMIs within a maximum period of 60 months. Read on to know about several key details relating to SBI Kavach Personal Loan scheme.
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%
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Step 1: Enter your mobile number in the application form
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SBI Kavach Personal Loan Interest Rates
SBI Kavach Personal Loan Processing Fees and Other Charges
The following are some key fees and charges associated with SBI Kavach Personal Loan:
| Processing Fees | Nil |
| Prepayment Penalty | Nil |
| Foreclosure Charges | Nil |
Eligibility Criteria for SBI Kavach Personal Loan
The following eligibility criteria needs to be taken into consideration when applying for the SBI Kavach personal loan scheme:
- You should be an existing customer of SBI
- You should be either salaried, self-employed or a pensioner
Also Get: Top 5 Banks for Personal Loans for Pensioners in India
Documents Required for Loan Application
No specific documentation requirements have been mentioned yet by SBI. However, State Bank of India may specify documents at the time of loan application on a case by case basis.
How to Apply for SBI Kavach Personal Loan?
You can apply for the SBI Kavach Personal Loan via any of the following means given below:
- Online through the State Bank of India (SBI) website
- Through the YONO app
- By visiting the nearest SBI branch office
EMI Calculation
At present, SBI Kavach Personal Loan interest rate is fixed at 8.50% p.a. The following gives a sample of EMI calculations using varying loan amounts, interest rates and tenure:
| Loan Amount (Rs.) and Interest Rate | Monthly EMI Payout (Rs.) | ||||
|---|---|---|---|---|---|
| 1-year loan tenure | 2-year loan tenure | 3-year loan tenure | 4-year loan tenure | 5-year loan tenure | |
| 25,000 @ 8.50% p.a. | 2,180 | 1,136 | 789 | 616 | 513 |
| 2 lakh @ 8.50% p.a. | 17,444 | 9,091 | 6,314 | 4,930 | 4,103 |
| 5 lakh @ 8.50% p.a. | 43,610 | 22,728 | 15,784 | 12,324 | 10,258 |
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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Last updated: 2 September, 2025
Reviewed By
Vandana Punj
Written By
Shamik GhoshPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
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