State Bank of India is making its salary savings account holders happy. The bank has recently announced to offer personal loans to its salary account holders in simple online quick process. State Bank of India will be offering real time Xpress Credit personal loan of up to Rs. 35 Lakhs under this new scheme. Salary account customers will be able to apply for this personal loan completely online via the SBI mobile banking application YONO. For this personal loan only apply via the YONO mobile application and there is no need to visit the bank’s branch. State Bank of India has branded this product/offer as Real Time Xpress Credit (RTXC) on YONO.
Central Government employees, PSU employees, various State Government employees, defence staff who has their salary accounts with SBI will be eligible for applying this express paperless personal loan. The process of RTXC application is simple end-to-end 8 step process which involves application-credit check-sanction-disbursement all in digital format.
By offering Xpress Credit, SBI aims to offer faster approval and instant credit to its customers for meeting their personal financial obligations that may arise from time to time. This will definitely enhance the Digital India initiatives.
