State Bank of India has launched a special personal loan scheme for Agniveers under the Government of India's short-term Agnipath recruitment programme on the occasion of the 79th Independence Day.

Under this loan scheme, Agniveers with a salary account at SBI can avail loans up to Rs 4 lakh without any collateral and with a complete waiver of processing fee. 

The repayment tenure will align with the term of the Agnipath scheme, offering maximum flexibility and convenience to our nation’s brave hearts transitioning from civilian life, SBI said in a release. 

In addition to this, the bank is offering lowest interest rate of flat 10.50% to all defence personnel till 30 September 2025.

“This zero-processing fee is just the beginning as we continue to create solutions that will empower India's brave hearts in the years to come,” SBI chairman CS Setty said.