(SBI) customers who are in need of instant funds can apply for Pre-approved personal loan (via PAPL) State Bank Of India‘s yono app According to a press release issued by the bank, in just four clicks.

Also, as part of its festive season offerings, these SBI Personal Loan Borrowers get 100% waiver of processing fee till January 31, 2022.

Banks usually offer pre-approved loans or pre-approved personal loans to existing customers who have a solid credit history and a good repayment track record.

If you are interested in taking advantage of the pre-approved one Loan From SBI, you can check your eligibility by sending this SMS- “PAPL” to 567676

What are the features of SBI’s pre-approved personal loan?

This is as per the press release issued by SBI on December 9, 2021:

• Avail special offers that waive all processing fees, till January 31, 2022.
• In just four clicks, loans are processed and disbursed instantly.
• No physical documents required
• Branch visit not required
• YONO provides availability 24 hours a day, 7 days a week.
• Interest rate starts from 9.60%

How to get SBI pre-approved personal loan on YONO App

Here’s how to avail a pre-approved personal loan on SBI’s YONO app:

Step 1: Open YONO and login.

Step 2: Select “Get Now” from the drop-down menu.

Step 3: Set the loan amount and tenure.

Step 4: Enter the OTP sent to the registered mobile number -> Deposit amount