New Delhi: SBI salary account holder? State Bank of India recently announced the launch of Real Time Xpress Credit (RTXC) on YONO. The nation’s largest lender said in a statement that RTXC was introduced with the aim of digitally empowering customers and providing more convenience.
The bank’s flagship personal loan product for salaried customers, Xpress Credit, now has a digital avatar, the statement said. Customers can now obtain RTXC via YONO, which is completely paperless and digital, from the comfort of their own home, the company said, adding that the end-to-end 8-step process would be quick and easy for them.
SBI Central/State Government and Defense salaried customers will no longer need to visit a branch to apply for a personal loan with Real Time Xpress Credit. Now all credit checks, eligibility determinations, sanctions and documentation will be done online and in real time.
Dinesh Khara, President of SBI, commented on the new service saying, “We are pleased to announce the Real-Time Xpress Credit (RTXC) loan facility for our qualified salaried clients on YONO. Our consumers will be able to follow the loan procedure. digitally, hassle-free and paperless.
To simplify banking, we at SBI are constantly striving to provide consumers with an enhanced technology-driven digital banking experience. According to SBI, digitizing Xpress Credit distribution will also relieve the bank’s need to manage and store a ton of paper.