Owner of an SBI salary account? The State Bank of India announced today the launch of Real Time Xpress Credit (RTXC) on YONO.
Owner of an SBI salary account? The State Bank of India announced the launch of Real Time Xpress Credit (RTXC) on YONO today (May 23, 2022). According to the country’s largest lender, RTXC was launched with the goal of digitally empowering customers and providing additional convenience.
According to the announcement, the bank’s flagship personal loan product for salaried customers, Xpress Credit, now has a Digital Avatar.
Customers can now obtain RTXC from the comfort of their homes via YONO, which will be 100% paperless and digital, according to the company, adding that the end-to-end 8-step journey will be simple and quick for customers.
Central/State Government and Defense salaried customers of SBI will no longer be required to visit the branch to apply for a personal loan under Real Time Xpress Credit.
Credit checks, eligibility, sanction, and documentation will now be completed digitally and in real time.
SBI Chairman Dinesh Khara commented on the new offering, saying, “We are pleased to introduce Real Time Xpress Credit (RTXC) Loan facility for our eligible salaried customers on YONO.” Our customers will be able to enjoy a digital, hassle-free, and paperless loan process thanks to the Xpress Credit product. SBI is constantly striving to provide customers with a technologically enhanced digital banking experience in order to simplify banking.”
According to SBI, the digitalization of Xpress Credit delivery will also help the bank eliminate the need to handle and store massive amounts of paperwork.