Here’s how to get a pre-approved personal loan in just four clicks using the SBI YONO app.
Through its YONO app, the State Bank of India (SBI) has made it easier to apply for a pre-approved personal loan (PAPL). The financial powerhouse has instant solutions for all types of problems at its fingertips 24 hours a day, seven days a week.
This will be a simple facility that will necessitate a trip to the nearest branch for physical documentation. The largest public sector bank in India is now offering no physical documentation, no branch visits, and an easier way for current clients to obtain personal loans.
SBI account holders are more rewarded because approval can be done based on credit history and repayment track. The SBI, which provides a special category of customers, determines the eligibility parameters.
Users can verify their eligibility by texting ‘PAPL’ to 567676. According to the bank, PAPL is available to selected customers who will handle the terms and conditions.
STEPS TO AVAIL PERSONAL LOAN VIA THE SBI YONO APP:
Step 1: Download the YONO app from the play store.
Step 2: Register and log in after installation.
Step 3: Click on the ‘Avail Now’ option from the drop-down menu.
Step 4: Choose the loan ‘Amount’ and ‘Tenure’.
Step 5: The user will receive an OTP on the registered mobile number linked to the account.
Step 6: Enter the OTP, and then the amount will be credited to the account.