SBI announced Real Time Xpress Credit on its Yono platform

BANKING AND ECONOMY

State Bank of India (SBI) announced the introduction of Real-Time Xpress Credit on its Yono platform, allowing eligible customers to get personal loans of up to ₹35 lakh. Under Real-Time Xpress Credit, central, state government and defense salaried customers of SBI will no longer be required to visit the branch for availing a personal loan. Credit checks, eligibility, sanction, and documentation will now be done digitally in real-time. 

The process would be a 100% paperless and digital experience and an end-to-end eight-step journey.

 

   Important Points for the exam:

  • SBI announced Real-Time Xpress Credit on its Yono platform.
  • It allows eligible customers to get personal loans of up to ₹35 lakh.
  • Under Real-Time Xpress Credit, central, state government and defense salaried customers of SBI will no longer be required to visit the branch for availing a personal loan.
  • Credit checks, eligibility, sanction and documentation will now be done digitally in real-time.

   Facts to know:

  • SBI chairman: Dinesh Kumar Khara
  • SBI headquarters: Mumbai
preparing for jeet

Preparing for Govt. Exams?

Here is you path to Jeet

View courses