The State Bank of India (SBI) has introduced a new digital loan service to help customers meet urgent financial needs.
Whether it’s medical expenses, children’s higher education, or weddings, arranging funds can often be stressful.
With the Real Time Express Credit (RTXC) scheme, SBI allows you to get loans of up to ₹35 lakh instantly from the comfort of your home—no branch visits required.
This service is designed to make borrowing fast, easy, and hassle-free.
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How the Digital Loan Works
Through this facility, customers can get a one-time personal loan ranging from ₹1 lakh to ₹35 lakh.
The entire process is digital and can be completed in minutes using the YONO mobile app.
You don’t need to fill forms, visit the bank, or wait in long queues.
The system automatically checks your eligibility.
If a loan proposal is available, you will see it in your app.
If not, no proposal will appear.
This makes the process transparent and simple.
The loan is completely paperless. Customers verify their Aadhaar number via OTP, and the bank uses its software to check your CIBIL score.
Once the eligibility is confirmed, the loan is disbursed directly into your account after completing the e-sign process.
Who Can Apply?
This scheme is available to SBI salary account holders, including:
Central and state government employees
Defense personnel
Corporate employees receiving salary via SBI
Your CIBIL score plays a key role.
Those with scores between 650 and 700 or higher have a better chance of getting loans, with higher income and good credit history allowing loans up to ₹35 lakh.
Low Interest and Transparent Terms
SBI offers this loan at very low interest rates, calculated based on the two-year maximum leverage rate (MCLR).
The rate remains fixed for the loan term, and there are no hidden charges.
This makes it an excellent option for those seeking a large loan at affordable rates.
The digital system also checks whether you have repaid previous loans regularly, ensuring a smooth approval process
Why This Loan Is a Game-Changer
With this facility, there’s no need to rely on moneylenders or chit funds, which often charge high interest rates.
SBI’s guarantee provides security and trust, while the mobile-based process ensures speed, transparency, and privacy.
In today’s digital age, salary account holders can conveniently access funds anytime, making it easier to handle emergencies without financial stress.