Real-Time Xpress Credit - Personal Banking
Real-Time Xpress Credit
- 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
- The product is available on YONO under 2 modes:
- Digital Document Execution (DDE): Real-time sanction, digital documentation and real-time disbursement at DDE enabled States/ UTs.
- Non-DDE: Real-time sanction, document execution at branches and single click disbursement in RLMS.
Features :
- Aadhaar OTP based e-sign of customer.
- Step-by-Step Guided e-mail and SMS Communication System.
- Digitization of entire loan documentation processes viz. loan application, loan agreements, stamping and signature at DDE enables States/ UTs.
- Instant loan disbursement.
Eligibility :
- Govt./ Defense Salary Package account holders with KYC Compliant accounts.
- Minimum Net Monthly Income:
- >=Rs 15000/- for RTXC
- >=Rs 100000/- for RTXC-Elite
- Loan Amount:
- Minimum Loan amount: Rs. 25000/-
- Maximum Loan Amount: Rs 30,00,000/- for RTXC and Rs 35,00,000/- for RTXC Elite
- EMI/NMI ratio: For RTXC: < 50%; For RTXC Elite :< 60%
Terms And Conditions:
- Loan Tenure: 6 months – 72 months
- Processing Fee: upto 0.75% of the loan amount plus GST.
- Penal Interest @2% p. m would be charged over and above the applicable interest rate on overdue amount for the period of default.
- The Loan will be repayable by way of EMIs. Standing Instruction (SI) for EMI payment will be automatically set up on Salary Package Account of the customer.
- Loan Account will be closed/ pre-closed at the Home Branch/through app/portal by customer, after recovering residual dues from the Customer.
Last Updated On : Wednesday, 25-10-2023

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Personal Loans Landing Page

Loans to Salaried Employees having salary accounts with SBI

Pre-Approved Personal Loans in 4 clicks only

Loans to Salaried Customers not maintaining Salary Account with us

Special Personal Loan for Salaried Customers with Monthly Income of Rs. 1 lakh & above

Digital Loans to Defence/ Government Salary Package customers

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above