If you have a salary account in SBI, you will get a loan of up to Rs 35 lakh, these are the conditions

SBI Loan: If you are a customer of the country’s largest bank SBI, then this news can be of use to you. Actually, the State Bank of India i.e. SBI has introduced Real-time Express Credit (RTXC) offer on the YONO app for its special customers. Under this, eligible customers can take a personal loan of up to Rs 35 lakh through the YONO app. The important thing is that there is no paperwork required for this loan.

Offer for whom: This offer of SBI is for government salaried customers. This will be for only those customers whose salary account is with SBI. “Salaried customers working in the central/state government and defense sectors will no longer need to visit the branch for personal loans,” the bank said. According to the bank, apart from checking the CIBIL score, the work of eligibility, sanction of loan amount, etc. will be done digitally. This process will be completed as soon as possible. 

Also, Read This: SBI customers will be able to take loan up to Rs 35 lakh sitting at home with this feature of YONO app

SBI Chairman Dinesh Kumar Khara said that the Express Credit product will enable the customers associated with the bank to experience a digital, hassle-free, and paperless loan process.

These are the necessary conditions:

• Those whose salary account is in SBI.
• Minimum monthly income of Rs 15,000
• Employees who are employed in Central / State / Semi-Government, Central Public Sector Undertakings and State Public Sector Undertakings, etc.