SBI Loan: SBI to Punish Loan Defaulters with a Chocolate!

04 Nov, 2023 Author: Ayushee Joshi

SBI Loan News: Usually, if someone has not paid the EMI, the bank confiscates that thing (home, land, etc.) from the customer. But what if we say that instead of this you will receive chocolate instead of getting penalised? You read it right, India’s largest government bank the State Bank of India (SBI) is sending chocolates to recover loans from its customers.

SBI Sending Chocolates to Recover Loan

The State Bank of India (SBI) has introduced a one-of-a-kind project in which the bank sends chocolates to loan customers as a reminder to pay their EMIs on time. According to the bank, customers who do not intend to pay their EMI frequently avoid the bank’s reminder calls, indicating the customer’s no intention of making the payment. In such a case, the bank will now remind people to pay by delivering chocolate right to their door. This Chocolate Scheme is one of several EMI and payback campaigns and schemes by the banks since the cases of monthly EMI default have increased due to a rapid rise in retail loans.