Customers of the State Bank of India (SBI) who require immediate money can apply for pre-approved personal loans (PAPL) through SBI’s YONO app in just four clicks, according to a press release issued by the bank.
Further, as part of its festive season offering, these SBI personal loan borrowers get a 100% waiver in processing charges till January 31, 2022.
Banks typically offer pre-approved loans or pre-approved personal loans to current clients who have a solid credit history and a good repayment track record.
If you are interested in availing a pre-approved personal loan from SBI, you can check your eligibility by sending this SMS- “PAPL ” to 567676
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Here is how to avail a pre-approved personal loan on SBI’s YONO app:Step 3: Determine the loan amount and term.
Step 4: Enter the OTP that was sent to the registered mobile number -> Amount Credited
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