COVID 19 Personal Loan Schemes by Government Banks – Apply Online
Banks and financial institutions are rolling out new personal loan schemes for their existing customers, at lower interest rates. Here are few such schemes. But exercise caution before you avail of such loans.
| Bank Name |
Name of Scheme |
Eligible Customers |
Interest Rates |
| IIFL Finance | Covid 19 Emergency Loan | Existing Loan Customers and 5paisa customers | 14.00% p.a |
| Bank of Baroda | Baroda Personal Loan Covid 19 | Existing Retail loan customers of the bank | 10.25% p.a. |
| Bank of Maharashtra | Personal Loan Covid 19 | Existing home loan customers of the bank | 8.45% p.a. |
| PNB | PNB Sahyog Covid 19 | Existing Bank customers and housing loan customers. | 8.05% p.a. |
| Bank of India | Covid 19 Personal loan | Existing Salary account holders and housing loan customers of the bank. | 7.25% p.a. |
Note:
- The loan amount varies across financial institutions, from Rs.25000 to Rs.5 Lakh
- No prepayment charges; processing fee varies from NIL to Rs.500 plus applicable GST
- Tenure of the loan varies from 6 months to 5 years across financial institutions
