SBI salary account holder? The State Bank of India announced today (23 May 2022) the introduction of Real Time Xpress Credit (RTXC) on YONO. The nation’s largest lender said in a statement that RTXC was launched with the aim of digitally empowering customers and providing additional convenience.
According to the statement, the bank’s flagship personal loan product for salaried customers – Xpress Credit now has a digital avatar.
Customers can now enjoy RTXC from the comfort of their homes through YONO – which will be 100% paperless and digital, he said, while adding that the end-to-end 8-step journey would be easy and instant for customers.
Under Real Time Xpress Credit, SBI Central/State Government and Defense salaried customers will no longer be required to visit a branch for a personal loan.
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Credit checks, eligibility, sanctioning and documentation will now be done digitally in real time.
Commenting on the new offering, Dinesh Khara, President of SBI, said, “We are delighted to introduce the Real Time Xpress Credit (RTXC) loan facility for our eligible salaried customers on YONO. The Xpress Credit product will allow our customers to experience a digital, hassle-free and paperless lending process. At SBI, we are constantly striving to provide customers with an enhanced, technology-driven digital banking experience to simplify banking.
Digitizing Xpress Credit’s delivery will also help the bank get rid of the need to manage and store huge documents, SBI said.