SBI Pre-approved Personal Loan: State Bank of India has once again introduced a new service for its customers, which is likely to be of great benefit to them. Customers of the country’s largest lender will be able to avail an instant personal loan using the Pre-approved Personal Loan (PAPL) feature of SBI. This service is available in SBI’s YONO app, which provides many facilities under one umbrella.
State Bank of India said in a press statement, “SBI customers in need of urgent funds can avail Pre-approved Personal Loan (PAPL) through YONO SBI on 24×7 basis easily and instantly on 24×7 basis. can do.”
Pre-approved personal loans are loans given by banks at the time of loan application without asking any questions. This service is generally available to select category of customers. People who are opted for pre-approved personal loans are usually good lenders with an excellent credit history – someone the bank knows they can trust. It requires no collateral or security and gets delivered in seconds with its quick processing time feature.
State Bank of India customers can SMS “PAPL”
State Bank of India (SBI) is also offering festive offers with this feature. Under this offer, till January 31 next year, borrowers will not have to pay any processing charge while taking the loan.
Here are the benefits of SBI’s pre-approved personal loan
Under the festive offer, borrowers will get 100% rebate in processing charges till January 31, 2022. After this the processing fee will also be reduced, the bank said in a note on its website.
– Customers will getInstant processing of loans and disbursements in just four clicks
– Borrowers need not submit any physical documents as everything will be done online through YONO App
– Customers do not need to visit the branch to avail the service
– The interest rate for the loan starts from as low as 9.60 percent, which is low as compared to other personal loans
– Customers can avail this loan at any time as YONO provides services 24 hours a day, seven days a week
Here’s how you can avail SBI’s pre-approved personal loan
For this, first check whether you are eligible for a pre-approved personal loan as per the procedure mentioned earlier in the article. Then follow these four steps to get the loan.
Step 1: Open YONO App on your mobile phone and log in using your MPIN or Password
Step 2: From the drop down menu, select ‘Get Now’ option
Step 3: Choose the loan amount and tenor
step 4: After this you will receive an OTP. Enter the OTP received on the registered mobile number. After this the specified amount will be credited to your account.
read all breaking news, today’s fresh news And coronavirus news Here.
,