SBI Yono Personal Loan: State Bank of India (SBI) Bank is India’s largest public sector banking and financial services bank in India. This bank offers you both offline and online facilities. Yono is an app of SBI Bank. Which provides you with many banking facilities. Through the Yono SBI app, you can get a personal loan of up to ₹8 lakh.
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If you want to take SBI Yono Personal Loan, then you don’t need to pay any kind of fee and since this process is completely digital, you don’t even need to go to sbi bank branch. If you want to know more about Yono SBI Loan, like What is SBI Yono Personal Loan? Loan eligibility, interest rate and where documents are required, as well as the complete application process. We will tell you that today.
What is SBI Yono Personal Loan?
SBI offers pre-paid personal loans to its customers through the Yono app. Through this app, a customer who wants to take a personal loan, and has a good CIBIL score, needs to have a savings account with sbi bank to take the loan. With the yono app, you can take a personal loan of up to ₹8 lakh. The interest rate of which is 13.80% to 14.30% per annum. You are given a period of 4 years to repay the loan.
| App Name | SBI Yono App |
|---|---|
| Loan Amount | ₹50,000 to ₹8,00,000 |
| Interest Rate | 13.80% to 14.30% per annum |
| Loan Type | Pre-Approved Personal Loan |
| Medium | Online Process |
| Beneficiary | Bank Account Holders |
| Official Website | www.onlinesbi.sbi |
SBI Yono Personal Loan Benefits and Features
Following are the pre-approved personal loan benefits of this application.
- No processing fee is applicable on personal loans of the app.
- Through this app, customers can complete the loan application process in just 2 minutes.
- SBI YONO app provides pre-approved personal loans to its customers.
- Yono App Personal Loan requires no paper documents.
- Since this is a collateral free loan, you don’t need any kind of guarantee or security.
- Only online process no need to go bank branch office.
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SBI Yono Personal Loan Eligibility
For SBI Yono App Personal Loan, the applicant has to comply with the following conditions.
- Applicant should have an account with SBI Bank.
- Applicant age should be more than 21 years.
- Applicant must be an Indian citizen.
- Bank account holders can also check loan eligibility through SBI YONO app.
How to Apply For SBI Yono Personal Loan
You can know the process of how to apply for personal loan through SBI YONO app by following the steps shown here:
- Install SBI YONO App:First Install SBI YONO App from Google Play Store.
- Login: After the app is installed, open it and provide your mobile banking or internet banking and other information to open your account.
- Loan Approval List: The loan approval list will appear on the home page. There you can apply for all the loans for which you are eligible by clicking on “Available Now”.
- Loan Option:If you are not getting loan option now, then apply for “SBI YONO App Personal Loan”.
- Click on Loan:Click on Loan from the options provided in the dashboard and click on “SBI YONO Personal Loan Online”.
- Apply Now Option: Click on “Apply Now” option with Express Credit Loan option.
- Select Loan Amount:Select the loan amount as per your eligibility.
- Click on next option:After selecting the loan amount as per your choice click on next option.
- Choice of Account:Check the account number to which the loan amount will be transferred. If you want to receive the amount in any other account, select it.
- Choose EMI Date:Choose the date of EMI, accept the terms and conditions and click on “Next”.
- Verify Loan Preview:Verify the loan preview, check all the details in detail and click on “Proceed”.
- Successful Loan Application:After verifying loan preview information, information about successful loan application will appear on the screen.
- Receive Message:After some time, you will receive a message on your registered mobile number that the loan amount has been credited to your account.
This way, your application process for personal loan through SBI YONO app will be complete.
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