SBI Yono is a digital platform offered by State Bank of India that provides customers access to various banking services including loans through a single app. With YONO SBI, customers can apply for personal loans, home loans, car loans and other types of loans. Do you also want to know about SBI Yono se loan Kaise le, how to take loan from SBI Yono, Yono sbi loan kaise le then this post is for you.
SBI Yono se loan Kaise le (How to take loan from SBI Yono)
SBI’s YONO App also provides other facilities like fund transfer, bill payments and credit card payments. It is designed by the bank to make it easier for the customers to access banking services without the need for them to visit the bank branch in person. It is a very convenient way to apply for the loan and track the loan process.
Eligibility Criteria for Loan from SBI YONO App
The eligibility criteria for SBI YONO App Personal Loan varies depending on the type of loan and the specific circumstances of the applicant. However, some general eligibility criteria that may apply include:
Age: The age of the applicant should be minimum 21 years and maximum 60 years at the time of loan maturity.
Income: The applicant must have a regular source of income and must meet the minimum income requirements set by the bank.
Credit Score: The applicant should have a good credit score, as determined by the credit appraisal process of the bank.
Employment: The applicant must be a salaried or self-employed individual with at least 2 years of work experience.
Domicile: The applicant must be a resident of India and must have a valid address proof.
Other criteria: Some other criteria may include a stable employment history, adequate collateral or security, and a good credit record with no defaults or outstanding loans.
Notes – The above mentioned eligibility criteria are general and may vary depending upon the loan product and at the discretion of the bank.
Documents Required for SBI YONO App Personal Loan
The documents required for SBI YONO App Personal Loan may vary depending on the type of loan and the specific circumstances of the applicant. However, some common documents that may be required include:
Identity Proof: PAN Card, Aadhaar Card, Passport, Voter ID Card or Driving License.
Address Proof: Aadhar Card, Passport, Voter ID Card, Driving License, Utility Bill or Bank Statement.
Income Proof: Last 3 Months Salary Slip, Form 16, or Income Tax Return.
Age Proof: Aadhar Card, Passport, Voter ID Card or Birth Certificate.
Employment proof: Appointment letter, salary slip, or Form 16.
Bank Statement: Last 6 months bank statement of the account in which the salary has been deposited.
Other documents: Depending on the type of loan and the specific circumstances of the applicant, the bank may also require additional documents such as property documents, guarantor details or other financial details.
How to apply for SBI YONO App Personal Loan?
You can apply for SBI YONO App Personal Loan by following these steps:
Download the SBI YONO app from App Store or Google Play and create an account.
After logging in, select the option “Loan” and then select “Personal Loan” from the list of loan options available.
Fill in the online application form with your personal and financial details including information about your income, employment and credit history.
Upload the required documents like identity proof, address proof, income proof and bank details.
Submit the application and wait for the bank to approve it. The bank will do a credit assessment based on your application and verify your information.
If your loan application is approved by the bank, the bank will transfer the loan amount to your bank account.
Additionally, you can visit the nearest SBI branch and apply for the loan in person as well, or contact the bank’s customer care center for more details.
Fees and Charges for SBI YONO App Personal Loan
The fees and charges for SBI YONO App Personal Loan may vary depending on the type of loan and the specific circumstances of the applicant. However, some common fees and charges that may apply include:
Processing Fee: SBI charges a processing fee of up to 2.25% of the loan amount, which is usually deducted from the loan amount at the time of disbursement.
Prepayment charges: If you decide to prepay or close your loan before the end of the loan tenure, you may be charged prepayment charges as per the bank’s policy.
Foreclosure Charges: If you decide to foreclose your loan before the end of the loan tenure, you may be charged foreclosure charges as per the bank’s policy.
Late Payment Charges: If you miss any EMI payment, you will be charged late payment charges as per the bank’s policy.
Check bounce charges: If the EMI cheque/NACH is returned unpaid by the bank, you will be charged check bounce charges as per the bank’s policy.
The above mentioned fees and charges levied by the bank are typical and may vary depending on the loan, loan amount and at the discretion of the bank. For more details on bank fees and other charges, check with the bank or its official website and read the terms and conditions of the bank thoroughly before signing the loan agreement.