Hello friends, I welcome you all to today’s article. Friends, we will inform you how to take a personal loan from the SBI YONO app. Friends, if you are in sudden need of money and do not have time to visit the bank, then SBI YONO Personal Loan can be a great option for you. Now you do not need to stand in long queues for a loan. Open the YONO app from your mobile and apply for a loan sitting at home.
No more hassle and no need for much paperwork. Loan approval can be obtained within minutes, and the money will be credited directly to your account. We’ll explain the details in detail in today’s article, so you can easily take out a personal loan from the SBI Yono app and reap its benefits. However, you’ll need to read this article carefully to the end.
What is SBI Yono Personal Loan?
This is a digital loan offered by the State Bank of India through the YONO app. If you are already an SBI customer and have an account with the bank, you can apply for this loan. It is offered without any guarantee or security. This means you don’t need to pledge anything. This loan is suitable for those who need immediate money for an urgent need like a wedding, a holiday, a medical emergency, or any other personal expense.
Documents required to avail loan from SBI Yono App
- Aadhar Card
- Pan card
- Income proof
- bank account passbook
- Mobile number
- Passport size photo
SBI YONO App Personal Loan Apply Online?
If you want to apply online for a personal loan from the SBI YONO App, then for this you will have to follow all the procedures mentioned below step by step, which will be of this format –
- To take a personal loan from SBI YONO App, first of all you will have to go to the Play Store of your mobile phone and from there you will have to download and install the SBI YONO App.
- After installation, you will have to open this app and login by entering your username and password.
- After that, you will see the Loan option in the app, which you will have to click on. From the available loan options, you will have to select Personal Loan.
- After that you will have to fill your details correctly, select the loan amount and time of repayment.
- After that you will have to complete the verification process through OTP and submit the application and after that the processing of your application will be started.
- If you have filled everything correctly in the form, you will soon receive a message regarding loan approval and the loan amount will be credited to your bank account.
SBI YONO Personal Loan Interest Rate and Processing Fee
The interest rate on SBI Personal Loan generally ranges between 10.5% and 14%. This rate depends on your credit score, loan amount and repayment history. If you have a good credit score, you can get a loan at a lower interest rate. The bank charges a processing fee before loan approval. This can usually be 1% to 2% of the loan amount. However, if you avail the loan before March 31, 2025, you will not be charged any processing fee.
conclusion –
Friends, in today’s article, we have given you information about how to take a personal loan from SBI YONO App. We have explained its entire online application process in detail so that you can easily take a personal loan from SBI YONO App while sitting at home and can also get its benefits. Friends, if you all liked today’s article, then definitely share it.