Highlights

  • Individuals with Salary Account with SBI can avail the card
  • Minimum monthly income Rs 15,000 to get the card

Latest news

Bhumi Pednekar loves ghee coffee? Here's how to make the healthy drink

Bhumi Pednekar loves ghee coffee? Here's how to make the healthy drink

Sushmita Sen: ‘I came close to getting married thrice, all three times God saved me’

Sushmita Sen: ‘I came close to getting married thrice, all three times God saved me’

Was Amravati local murdered for post supporting Nupur Sharma?

Was Amravati local murdered for post supporting Nupur Sharma?

'Thor: Love and Thunder:' Five things to know about the Marvel villain Gorr the God Butcher

'Thor: Love and Thunder:' Five things to know about the Marvel villain Gorr the God Butcher

'I take my hat off to the way he played': Paul Collingwood in awe of Rishabh Pant

'I take my hat off to the way he played': Paul Collingwood in awe of Rishabh Pant

SBI’s launches instant loan via YONO app; here's how you can apply

With an aim to digitally empower customers and offer additional convenience, SBI has announced the introduction of Real Time Xpress Credit (RTXC) on YONO

Now you don't have to stand in long queues at SBI branches for personal loans as the bank has introduced a facility that allows taking loans up to Rs 35 lakh via app!

With an aim to digitally empower customers and offer additional convenience, the country’s largest lender, State Bank of India (SBI) has announced the introduction of Real Time Xpress Credit (RTXC) on YONO.

However, this facility will only be available to salaried individuals and they must have their salary account with SBI. The bank account will be available digitally.

Also read/watch| Growing angst against airlines in India, here is what a survey shows

SBI Real Time Xpress Credit Eligibility

Following people are eligible to get loans from YONO under the new scheme:

i. Individuals with Salary Account with SBI

ii. Minimum monthly income Rs 15,000

iii. Employees working with: Central/ state/quasi-government, Central PSUS and profit-making state PSUs, Educational institutions of national repute, Selected corporates with or without a relationship with the bank.

Digital lending has seen a more than twelvefold increase in India from 2017 to 2020, according to a November 2021 report by the Reserve Bank of India.

Up Next

SBI’s launches instant loan via YONO app; here's how you can apply

SBI’s launches instant loan via YONO app; here's how you can apply

From PAN to crypto TDS; all rules changing from July 1

From PAN to crypto TDS; all rules changing from July 1

New Wage Code: Your salary, PF and work timings can change from today

New Wage Code: Your salary, PF and work timings can change from today

GST changes: Your household budget hit, here is what is more expensive

GST changes: Your household budget hit, here is what is more expensive

Sovereign Gold Bond Scheme open: Get gold at a discount

Sovereign Gold Bond Scheme open: Get gold at a discount

Big hit to EMI: ICICI Bank hikes lending rates sharply

Big hit to EMI: ICICI Bank hikes lending rates sharply

More videos

EMIs soar: Banks don't wait for RBI, raise loan rates ahead of policy meet

EMIs soar: Banks don't wait for RBI, raise loan rates ahead of policy meet

Loans get more expensive, rates hiked again by banks

Loans get more expensive, rates hiked again by banks

Buying home in India to get costlier; checkout the price in major cities

Buying home in India to get costlier; checkout the price in major cities

Fake Rs 500 notes! RBI warns of big surge, here is how to check if your note is fake

Fake Rs 500 notes! RBI warns of big surge, here is how to check if your note is fake

Masked Aadhaar, photocopy warning, then withdrawal: UIDAI advisory, govt clarification explained

Masked Aadhaar, photocopy warning, then withdrawal: UIDAI advisory, govt clarification explained

Another big expense drives in, insurance premiums raised

Another big expense drives in, insurance premiums raised

Beware of online lending apps! RBI cancels licenses of instant loan providers

Beware of online lending apps! RBI cancels licenses of instant loan providers

Tomatoes hit a century! Prices turn consumers red in anger

Tomatoes hit a century! Prices turn consumers red in anger

Banks start to raise lending rates, check what happens to your EMIs

Banks start to raise lending rates, check what happens to your EMIs

RBI's new credit card rules | Here's all you need to know

RBI's new credit card rules | Here's all you need to know

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.