SBI: Big news for SBI customers. You might have come across a video on your Instagram feed that says SBI is giving away Rs 200,000 to its loyal customers. But the truth is, this video is about SBI’s RTXC (Real-Time Express Credit) offer, which actually provides not just Rs 200,000, but can go up to Rs 3.5 million. SBI has rolled out the Real-Time Express Credit (RTXC) offer specifically for its valued customers. With this offer, you can get a personal loan of up to Rs 3.5 million through the YONO app. The best part? You won’t need to deal with any paperwork.
How can you take advantage of this?
There are times when you might find yourself in urgent need of cash. Often, you reach out to friends, family, or acquaintances for help. But what if you need a larger sum? In such cases, a personal loan could be a great solution, especially if you have an account with the largest bank in the country, State Bank of India (SBI), which can help you out right away.
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How do you apply?
Applying for this loan is super easy through the YONO app on your phone. You can e-sign using your Aadhaar OTP. Now, you might be wondering about the interest rate. The rates are tied to the 2-year MCLR and are fixed for the entire duration of the loan.
Who is eligible for this offer?
This offer is available to customers who have salary accounts at SBI. Employees from the central or state government, defense, and corporate sectors can apply. According to the bank, besides checking your CIBIL score, all procedures, including eligibility and loan approval, will be handled digitally, making the process as quick as possible.
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To be eligible, you need to have a salary account with SBI. Your monthly income should be at least Rs 15,000. Your EMI/NMI ratio should be below 50-60%, and your CIBIL score needs to be over 650 or 700.