Why Choose SBI for a Personal Loan?
State Bank of India (SBI), a trusted government bank, offers personal loans up to ₹1,00,000 instantly through its official YONO SBI app. Without visiting the bank or submitting physical documents, you can get your loan approved and disbursed within 2–3 hours — all from your mobile phone.
SBI Personal Loan Features 2025
- ✅ Loan amount: ₹1,000 to ₹1,00,000
- ⚡ Instant approval & disbursal via YONO SBI app
- 💳 No physical document submission
- 🔁 No branch visit required
- 🔐 KYC not needed again (already done during account creation)
- 💰 Competitive interest rate (approx. 14%)
- 🧾 Tenure: Flexible from 6 to 36 months
- 💸 EMI example: ₹684/month for ₹20,000 over 36 months
Eligibility Criteria
- Must have an active SBI savings account
- Aadhaar and PAN must be linked to the account
- Registered with YONO SBI mobile application
- PAN number and Date of Birth must be valid
Documents Required
Only the following are required (already linked to your SBI account):
- Aadhaar Card
- PAN Card
- Linked mobile number
How to Apply for SBI Personal Loan Online (Step-by-Step)
Step 1: Install & Open YONO SBI App
- Go to Google Play Store
- Search and download YONO SBI – State Bank of India’s official app
Step 2: Login or Register
- If already registered, use Username & Password or MPIN
- If new, follow registration process (guides are available on the app and YouTube)
Step 3: Tap on ‘Loans’ Section
- Once logged in, look for “Loan” or “Tap Here to Apply Now”
- Click on Apply Now
Step 4: Enter PAN and Date of Birth
- Fill in your PAN Card Number
- Fill in Date of Birth
- Click Next
Step 5: View Loan Offer & Customize
- The app shows your eligible loan offer amount
- Adjust tenure if needed (6 to 36 months)
- Interest Rate: ~14%
- EMI shown clearly (e.g., ₹684 for ₹20,000)
Step 6: Select EMI Start Date
- Choose the EMI payment start date
- Proceed to Next
Step 7: Confirm Loan Details
- Review loan amount, EMI, processing fee
- Tick terms & conditions checkbox
- Click Confirm
Step 8: Submit OTP
- An OTP will be sent to your mobile
- Enter OTP
- Click Submit
✅ Loan Disbursal:
- Loan is processed and deposited into your SBI savings account within 2–3 hours
Important Notes
- 💼 This facility is only available for existing SBI customers
- 🚫 If you do not have an SBI account, you must open one first
- 📱 The process is entirely online via YONO SBI app
- 🕒 Disbursal is quick, and SBI does not ask for physical KYC again
Final Words
SBI’s personal loan via YONO app is a fast, reliable, and paperless option for borrowers in 2025. If you are an SBI customer and need instant financial support, this digital loan feature offers convenience at your fingertips.
Apply today on YONO SBI and get your loan disbursed in minutes — no branch visit, no paperwork!
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