SBI customers will now be able to get personal loan sitting at home, new feature launched on YONO app
State Bank of India (SBI) on Monday introduced Real Time Express Credit on its YONO platform.
The country’s largest bank State Bank of India (SBI) on Monday introduced Real Time Express Credit on its YONO platform. With the help of this, eligible customers will be able to get a personal loan up to Rs 35 lakh.
country’s largest bank State Bank Of India (SBI) launched its YONO platform on Monday. (YONO) But Real Time Express Credit has been introduced. With the help of this, eligible customers can avail personal loans up to Rs 35 lakh. (Personal Loan) can achieve. The bank said that the customers getting salary (Salaried Customers) The flagship personal loan product, Express Credit, now comes in a digital avatar and customers can now avail the same through YONO. He said that it is 100% paperless and digital. Under Real Time Express Credit, SBI’s central, state government and defense salaried customers will no longer need to visit a branch to avail a personal loan.
Credit checks, eligibility, sanctions and documentation will now be done digitally in real time.
Salaried customers will be able to take advantage
SBI Chairman Dinesh Khara said that they are happy to introduce the facility of Real Time Express Credit Loan on YONO for eligible salaried customers. Khara said that with the help of the Express Credit product, customers will be able to experience the process of digital, hassle-free and paperless loans. He said that at SBI, they offer digital banking experience to the customers with the help of technology to make banking easier.
Let us tell you that State Bank of India (SBI) had given a big gift to crores of its customers earlier this month. SBI has increased the interest rate on its bulk term deposits (Rs 2 crore and above) by 40 to 90 basis points. The new rates have come into effect from today i.e. 10th May 2022. The bank said that the revised rates of interest will be applicable on fresh deposits and renewals of deposits maturing. The interest rate on NRO term deposits will be the same as on domestic term deposits. The bank has given this information on its official website.
According to SBI’s website, the tenure of 5 to 10 years and 3-5 years of Rs 2 crore or more will now get 4.50 percent interest. Earlier the interest rate was 3.60 percent. It has been increased by 90 basis points. SBI will give 3.5 percent interest for bulk deposits of 46 to 179 days and 180 to 210 days. At the same time, FDs of more than 211 days, less than 1 year and more than 1 year, less than 2 years will get 3.75 percent and 4 percent interest.