Here is beneficial news for the citizens who had procured SBI or other bank Credit cards and have not used them so far and the new facility introduced by SBI!
This just means that SBI customers can now get a loan from Rs. 8000/- to Rs. 100000/- and pay the same in EMIs!
This facility can be availed through SBI Debit Card through POS devices, or E-Commerce companies such as Amazon or Flipkart.
It is informed that for the loans taken as above using the debit cards, an interest rate of 2-year MCLR and 7.5% interest.
With this card, there is a facility to go for repayment options in 6 months, 9 months, 12 months, or 18 months.
To avail of this facility, the customer has to confirm whether qualified for the same. Send SMS ‘DCEMI’ to 567676 through the mobile number already registered with the bank. All details can be accessed! The bank administration will send all details!