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SBI's big relief on loans to those hit by Covid

Sep 22, 2020 18:23 IST

State bank of India has announced to provide relief to home and retail loan borrowers impacted by Covid-19.

The public lender will either provide a moratorium of 24 months or reschedule payments. Those people whose salary has been reduced during the lockdown or have lost their jobs will only be eligible along with lockdown-impacted business.

The loan account should be standard as on March 1, 2020, to avail the benefit.

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