SBI net banking: Facing money crisis in lockdown? Get loan in just 4 clicks at onlinesbi.com

SBI net banking: In a bid to help State Bank of India (SBI) customers to counter the money crisis during COVID-19 lockdown, the largest Indian commercial bank has introduced emergency loan facility for small businessmen. These emergency loans are available at 7.25 per cent annual interest rate, which is much lower than the personal loan interest rates of various other Indian banks. SBI has eased loan disbursal norms in personal loan and other retail loans as well. What SBI customers need is to use the SBI online service or use SBI YONO App on their android or smartphone phone. SBI customers can find the latest information in regard to retail loans at the official website of the SBI — onlinesbi.com or sbi.co.in. Smartphone users can download SBI YONO App and avail retail pre-approved loan in just four clicks.

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According to onlinesbi.com, pre-approved SBI loan has various features which includes low processing fee, instant loan processing, no physical documentation and 24x7 convenience. If a SBI customer has downloaded SBI YONO App on its mobile phone, then they can get the loan amount credited in four clicks. Here is the step by step guide:

1] Login to SBI YONO App ;

2] Click on Avail Now;

3] Select Tenure & Amount;

4] Enter OTP and amount will be credited in your account.

At the SBI YONO App, one can check one's loan eligibility as well. Those who are not having SBI YONO App downloaded in their android or smartphones, they can use the SBI Phone Banking service by simply saending SMS. The SBI account holder needs to send SMS 'PAPL(last four digits of the account number)' at 567676. The SBI phone banking service will immediately send the information about loan eligibility of the customer.