On the 79th Independence Day, the State Bank of India (SBI) has announced a special personal loan scheme for Agniveers — soldiers serving under the Agneepath scheme.
Under this scheme, Agniveers can take a personal loan of up to ₹4 lakh without any collateral, at zero processing fee and a low interest rate.
Key Features of the Special Loan
Who Can Apply: Only Agniveers with their salary account in SBI.
Loan Amount: Up to ₹4 lakh.
Security Required: None — no collateral or guarantor needed.
Repayment Period: Based on the service tenure of the Agniveer, making it easier to pay installments.
Interest Rate: Flat 10.50% for all defense personnel under this scheme.
Processing Fee: Fully waived.
Offer Validity: Till 30 September 2025.
SBI Chairman C.S. Setty said, “On the auspicious occasion of Independence Day, we are proud to launch this special financial product for Agniveers.
Those protecting our freedom deserve our full support. This zero processing fee is just the beginning — more empowering solutions will follow.”
SBI Defense Salary Package Benefits
Apart from this loan scheme, SBI already offers several benefits to defense personnel under its Defense Salary Package, including:
Zero balance savings account.
Free international gold debit card.
Unlimited free ATM transactions nationwide.
Waiver of annual debit card fee.
Personal accident insurance of ₹50 lakh.
Air accident insurance of ₹1 crore.
Permanent disability coverage up to ₹50 lakh.
