New Delhi: SBI, the largest public sector bank, is offering new facilities to its customers. The bank has now launched a portal for loan restructuring. All information related to loan restructuring will be provided on this website. You can also apply for loan restructuring. One month after applying for this, the customer can go to the bank and complete the paperwork. After looking at the paperwork, the bank will decide to restructure the loan.
SBI is providing loan restructuring facility under RBI rules
In fact, the RBI decided to restructure those affected and economically affected by corona infection. Under this, banks have re-structured their loan customers. Earlier, the bank had announced a two-year term for its loan customers. SBI customers can visit SBI’s site and opt for loan restructuring.
SBI launches loan mortuary facility
SBI has introduced a loan mortgage scheme under the RBI’s one-time relief scheme. This facility of the bank will be available only to the loan customers who have taken a loan before March 1, 2020 and were giving continuous EMI till Covid. However, the beneficiaries of this facility have to prove to the bank that their income has been affected by the lockdown.
State Bank MD CS Shetty said on behalf of his bank about the loan restructuring option that it will depend on when the corona-affected person’s income starts or how long he can get back in the job. Following SBI’s relief, other public sector banks may also offer such relief. The relief scheme can be brought by private banks. It is reported that ICICI Bank and HDFC Bank may come up with such a relief scheme first.