SBI Good News for Borrowers, Online Eligibility: How to Check?

New Delhi: The corona epidemic has affected everyone financially. In this context, State Bank of India (SBI), a public sector undertaking, is offering the facility of restructuring eligible retail loans once in line with the Reserve Bank guidelines. SBI has set up a portal to let retail customers know whether they are eligible for loan restructuring or not.

To this extent, Bank MD (Retail and Digital Banking) CS Shetty said. An e-Facility has been made available on the website to assist in determining what are the eligibility to benefit from the Restructuring of Simultaneous Loans. Clients can find out their qualifications electronically without having to visit bank branches.

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Only for signature .. Facility for these retail loans

After checking through the e-portal it is sufficient for the eligible borrowers to go to the bank for Osari signatures for loan restructuring. CS Shetty said it would be sufficient if only qualified customers come to the bank. He said he would like to stand by those who have lost their jobs temporarily and are likely to return to work within the next six to 24 months. Under the restructuring of retail loans, housing can be restructured with other ancillary loans, such as education loans, vehicle loans and personal loans.

How to check?

– SBI retail customers need to login to the portal for loan restructuring.

– After logging in to the website, they have to enter their account number in the reorganization notification section.

– OTP comes to the registered mobile number. Enter the rest of the details asked after entering it.

– Then comes the message that the retail loan taker is eligible for debt restructuring.

– A reference message will be sent to eligible customers.

– This reference number is valid for 30 days. Within this you have to go to the relevant branch and complete the loan restructuring formalities.

– The loan restructuring process will be completed after scrutiny of all the documents.

It is very convenient

CS Shetty said it would be convenient for borrowers to know their eligibility before going to the bank. According to the framework created by the RBI, there will be a restructuring for borrowers. Retail borrowers will be given a duplicate 7 copy with details of the reorganization as per the framework, other terms and conditions. That copy must be signed and given within ten days.

 

 

 

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