In today’s fast-paced world, visiting a bank branch and standing in long queues to meet urgent financial needs can be inconvenient. To address this, the State Bank of India (SBI) has introduced a fully digital lending solution for its customers. Through SBI’s Real Time Express Credit (RTEC) facility, eligible customers can now avail instant personal loans up to ₹35 lakh directly through the YONO app, without any paperwork.

This facility is designed especially for customers who require quick funds for emergencies or personal needs and want to avoid lengthy bank procedures.

Easy and Instant Loan Facility

With this digital initiative, SBI has simplified the entire loan process. Customers no longer need to visit a branch for requirements such as home repairs, children’s education, or medical expenses.

• Loan amount: ₹1 lakh to ₹35 lakh

• Approval time: Within minutes

• Process: Fully digital and paperless

The YONO app provides a seamless and transparent experience, significantly reducing approval time compared to traditional loans.

Who Is Eligible for This Loan?

This loan facility is primarily available to SBI salary account holders, including:

• Central and state government employees

• Defence personnel

• Select corporate and salaried individuals

Eligibility is assessed automatically based on factors such as income, account history, and CIBIL score. Customers who qualify usually see a pre-approved loan offer or banner on the YONO app. Generally, customers with a CIBIL score between 650 and 700 are more likely to be eligible.

Interest Rates and Key Features

• Interest rates are linked to SBI’s two-year MCLR

• The rate remains fixed throughout the loan tenure

• No hidden charges

• Processing fee waiver available for select categories until January 31, 2026

The final loan amount depends on the customer’s income profile and credit history.

Step-by-Step Loan Application Process

The application process is completely digital:

1. Log in to the YONO app

2. Go to the Loans section and check eligibility

3. Complete OTP verification

4. Sign digitally using Aadhaar-based authentication

5. Once approved, the loan amount is credited directly to your bank account

The entire process is secure, and customer data is kept confidential.

Conclusion

SBI’s Real Time Express Credit facility through the YONO app offers a fast, convenient, and paperless way for eligible customers to access personal loans. With instant approvals and minimal effort, it provides timely financial support when needed most.