SBI Offering up to Rs 35 Lakh Instant Loan

State Bank of India (SBI) has announced the launch of Real Time Xpress Credit (RTXC) on its YONO platform in order to empower clients digitally.

SBI offers up to Rs. 35 Lakh instant loans through the YONO app.

Customers can now use RTXC from the convenience of their homes via YONO, which is fully digital and paperless.

SBI Instant Loan Quick Recap

Loan amount	Up To 35 Lakh
Processing fee	NIL
Age	18 – 56 years
Income Require	Rs. 15,000 Per month
Eligible For	Salaried Person

Also Read: SBI home loan apply online

Benefits of SBI Instant Personal Loan

According to the official SBI tweet, the primary features are:

• The lowest possible interest rate
• Loan payout in a few clicks
• Loans of up to Rs 35 lakh are available.
• Submission of documents using Digital Document Execution.

Eligibility Criteria

The following people can use the feature:

• Citizens must have an SBI salary account.
• Citizens must have a monthly income of Rs 15,000 to be eligible.
• Citizens must collaborate with central states. Semi-government, Central PSUs, Profitable State PSUs, Educational institutes, and certain corporates with or without a link with SBI.

Also Read: SBi e-Mudra Loan Apply

Documents Required for SBI Loan

• Pan Card
• Aadhaar Card
• Recent 3 months Salary Slip
• Recent 6 months’ bank statement
• Residence proof (Electricity bill / Water bill)
• Should be an Indian Citizen

How to apply for a pre-approved Personal Loan

How to Get Pre-Approved Personal Loans on YONO:

Step 1 Sign in to YONO using your credentials.

Step 2 Select ‘Avail Now.’

Step 3 Determine the loan amount and term.

Step 4 Enter the OTP that was sent to the registered cellphone number -> Amount Credited