Zero processing fees: SBI customers can avail personal loan on YONO app; know interest rate and other details

SBI Personal Loan Apply Online: The State Bank of India (SBI) customers must know that they can avail personal loans instantly at your convenience on 24X7 basis through YONO app in just 4 clicks. For further details, the interested customers can login to the official website of SBI at sbi.co.in.

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The largest public sector lender in the country has recently tweeted from its official Twitter handle about the various offers and benefits associated with personal loans. The tweet said, "Life is a matter of choices, & with low-interest rates, zero processing fees on #SBIPersonalLoans, we can help you make the right choices & #GetItDone. Avail now on Yono app or know more: sbi.co.in/web/personal-banking/loans/pers."

Life is a matter of choices, & with low-interest rates, zero processing fees on #SBIPersonalLoans, we can help you make the right choices & #GetItDone.

Avail now on Yono app or know more: https://t.co/biL9us4EEr#PersonalLoan #InstantPersonalLoan #SBIBolaDone pic.twitter.com/VsJtCdFbWv

— State Bank of India (@TheOfficialSBI) November 23, 2021

The interested customers must note that the SBI personal loan is available with an interest rate of 9.60 per cent per annum. Furthermore, it must be noted that there is zero processing fee.

The interested customers can also check the eligibility by sending an SMS to 567676. One has to SMS <PAPL> <space> <last four digits of SBI account number> and send it to 567676 in order to check the eligibility.

The SBI customers who have not yet downloaded the YONO app must know that the SBI YONO app is available to download on the Android and iPhone devices.

An SBI customer can avail the personal loan from SBI YONO app in four steps. They are as follows:

Step 1: The customer will have to login to YONO

Step 2: The customer will then have to click on 'Avail Now'

Step 3: The customer will then have to enter the tenure and amount

Step 4: Finally the customer will have to enter the OTP and the amount will be credited

It has to be noted that this loan is being offered to a category of customers who are pre-selected on certain parameters pre-defined by SBI.

The SBI customers will further get 100 per cent waiver in the processing charges till January 31, 2022.