SBI YONO App: Who is eligible for instant loan up to Rs 35 lakh through SBI YONO App

The country’s largest lender, (), has announced the launch of Real Time Xpress Credit (RTXC) on its YONO platform, aiming to digitally empower customers.

According to the tweet from SBI’s official Twitter account: “Say yes to your dreams! Introducing Real Time Xpress Credit (RTXC) to our eligible employees. Easy and instant rentals of up to 35 lakhs in the Yono app.”

Who is eligible for Real Time Xpress Credit (RTXC)?

Customers can now get RTXC from the comfort of their own homes with YONO, a paperless and digital platform.

Employed central/state government and Department of Defense customers of SBI no longer need to visit a branch to obtain a Real Time Xpress Credit personal loan. Credit check, authorization, sanction and documentation are now done digitally and in real time.

According to SBI’s press release, “Real Time Xpress Credit salaried federal and state government and Department of Defense clients no longer need to visit SBI’s branch to obtain a personal loan. The credit check, eligibility, sanction and documentation are now done digitally in real time.”

Eligible clients can now get personal loans up to Rs 35 lakhs through YONO SBI without filling any paperwork. The entire withdrawal request process is simple and fast.

The main features are according to the official SBI tweet.

• Lowest Interest Rate
• Immediate loan payment with just a few clicks
• Loans up to Rs 35 lakhs
• Document submission through Digital Document Execution

How to use a pre-approved loan in YONO

How to use Pre-Approved Personal Loans (PAPL) on YONO:

Step 1: Log in to YONO with your access data

Step 2: Click Available Now.

Step 3: Select loan amount and term

Step 4: Enter OTP received on the registered mobile number -> Credited Amount