Christ Yoder
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Net banking SBI: In a bid to help customers of State Bank of India (SBI) stave off currency crisis during the COVID-19 lockdown, India’s largest commercial bank has introduced an emergency loan facility for small entrepreneurs. These emergency loans are available at an annual interest rate of 7.25%, which is much lower than the personal loan interest rates of various other Indian banks. SBI has also relaxed the disbursement standards for personal and other personal loans. What SBI customers need is to use SBI online service or use SBI YONO app on their Android phone or smartphone. SBI customers can find the latest information regarding retail loans on the official SBI website – onlinesbi.com or sbi.co.in. Smartphone users can download the SBI YONO app and get a pre-approved retail loan in just four clicks.
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According to onlinesbi.com, the SBI pre-approved loan has various features, including low processing fees, instant loan processing, no physical documentation, and 24/7 convenience. If an SBI customer has downloaded the SBI YONO application on his mobile phone, he can obtain the amount of the loan credited in four clicks. Here is the step by step guide:
1]Login to SBI YONO APP;
2]Click Arrange Now;
3]Select Duration and Amount;
4]Enter OTP and the amount will be credited to your account.
On the SBI YONO app, one can also check loan eligibility. Those who have not downloaded the SBI YONO application on their Android or smartphones can use the SBI Phone Banking service by simply sending SMS. The SBI account holder should text “PAPL (last four digits of account number)” to 567676. SBI Telephone Banking will immediately send the client’s loan eligibility information.
