A financial emergency can strike anytime without any prior warning. For example, you might have to deal with a medical situation where you could require immediate funds to meet your financial needs. Personal loan is an ideal credit facility during these times. If you need a short-term personal loan upto 5 lakhs urgently, you would not even require an extensive list of documents and strict criteria to be fulfilled. Personal loans are unsecured in nature and can be obtained online at affordable interest rates to meet all sorts of financial needs in a short time span.
Below are the key PAPL SBI loan details:
|Loan amount||Up to Rs. 20 Lakhs|
|Rate of interest||13.30% onwards|
|Tenure||6 months - 6 years|
|Prepayment charges||Nil - 3%|
|Minimum monthly income||Rs. 15000|
|EMI/NMI Ratio||Less than 50%|
The key features of SBI pre approved personal loans are mentioned below:
For SBI PAPL eligibility check, send SMS “PAPL<space><last 4 digits of SBI Savings Bank Account No.>” to 567676.
Tip: Check Credit Score before applying for a loan
If you have an account with SBI, you can avail Pre-approved Personal Loan (PAPL) instantly on 24*7 basis at your convenience through YONO app with just 4 clicks. At present, SBI YONO personal loan is offered to a pre-select category of customers on certain parameters pre-defined by SBI.
Steps to apply for SBI Pre-approved YONO loan:
Now get IDFC First Bank personal loan of Rs. 1 Lakh to Rs. 1 Crore at lowest interest rate starting from just 10.49% per annum and the processing fee is 3.5% of the sanctioned limit + GST.
To check your eligibility for PAPL SBI loan SMS “PAPL<space><last 4 digits of SBI Savings Bank Account No.>” to 567676.
SBI pre-approved YONO personal loan is an instant personal loan offer for pre-select category of SBI customers. You can avail PAPL instantly on 24*7 basis at your convenience through YONO app with just 4 clicks if you meet the eligibility parameters pre-defined by SBI.
You can repay your YONO SBI instant loan online through netbanking, NEFT or YONO app.
Also Check: SBI Personal Loan CIBIL Score
No. PAPL SBI loan is available to only selected customers only after fulfilling the terms & conditions applicable thereof.