79th Independence Day Special Agniveers Loan Scheme Let’s talk about something that could genuinely help a lot of soldiers right now. On India’s 79th Independence Day, the State Bank of India rolled out a special personal loan scheme just for Agniveers. If you’re serving under the Agnipath scheme and have your salary account with SBI, this is worth a closer look.
What’s on Offer
SBI is offering Agniveers a personal loan of up to ₹4 lakh—no collateral, no guarantor required. The repayment period matches your service tenure, so you’re not stuck with unrealistic EMIs. And here’s a big plus: zero processing fees and a flat interest rate of 10.50%.
This isn’t just a “holiday offer” gimmick. It’s available until 30 September 2025, giving you a decent window to decide.
Why This Matters for Agniveers
Life in service is demanding, and sometimes personal expenses don’t wait for your next posting. Having a collateral-free loan means you can cover urgent needs—whether it’s for family, education, or unexpected costs—without dipping into savings or depending on high-interest lenders.
SBI’s Defence Salary Package – More Than Just This Loan
If you’re an Agniveer with an SBI Defence Salary Package, you already get some solid perks:
- Zero balance account
- Free international gold debit card
- Unlimited free ATM transactions nationwide
- Waived annual debit card fees
- Personal accident insurance up to ₹50 lakh
- Air accident insurance up to ₹1 crore
- Permanent disability coverage up to ₹50 lakh
- This loan is just another layer of financial support on top of that.
SBI’s Message to Agniveers
SBI Chairman C. S. Setty put it simply: those who protect our freedom deserve our full support. This zero-processing-fee loan is just a start—they’re looking to roll out more financial products designed for India’s servicemen and women in the future.
