CURRENT AFFAIRS

Detailed explanation-1: -State Bank of India (SBI) has launched personal loan product ‘Xpress Credit’ for salaried customers on its YONO digital banking platform.

Detailed explanation-2: -The country’s largest lender State Bank of India (SBI) has introduced Real-Time Xpress Credit (RTXC) on YONO. Xpress Credit is the bank’s personal loan product for salaried customers, which will be available digitally.

Detailed explanation-3: -SBI has customized a Personal Loan for all high value Salaried customers having Monthly Income of Rs. 1 lakh & above. Whether it’s wedding or a vacation, unplanned emergency or planned purchase, get quick approval and disbursal with minimal documentation through SBI Xpress Elite Personal Loan.

Detailed explanation-4: -State Bank of India offers SBI Xpress Credit, a special personal loan scheme, 10.90% p.a. onwards for loan amounts of up to Rs 20 lakh and for tenures of up to 6 years. This personal loan is offered to salaried individuals having salary account with SBI.

Detailed explanation-5: -RTXC is a fully digitized loan journey on YONO app (Android version) designed for Govt. and Defence Salary Package customers for Xpress credit loans up to ₹35 lakhs and can be availed instantly at your convenience on 24*7 basis.