Comments
State Bank of India (SBI) has launched personal loan product ‘Xpress Credit’ for salaried customers on its YONO digital banking platform.
Eligible customers will now be able to avail personal loans (Real Time Xpress Credit/RTXC) up to ₹35 lakh via YONO, without any paperwork, the country’s largest bank said in a statement.
“Under Real Time Xpress Credit, Central/State government and defence salaried customers of SBI will no longer be required to visit the branch for availing a personal loan. The credit checks, eligibility, sanction and documentation will now be done digitally in real-time,” the bank said.
Dinesh Kumar Khara, Chairman, SBI observed that the Xpress Credit product will enable the bank’s customers to experience a digital, hassle-free, and paperless loan process.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.