How to Check Pre Approved Loan in SBI?

Hey,

I was so relieved when my friend told me that SBI offers pre-approved personal loans on its SBI YONO app. The facility ensures instant approval and round-the-clock service of loans. The best part about this pre-approved loan is that you don’t have to visit a bank branch or provide any physical documents. Let me tell you how to check pre approved loan in SBI.

You just have to send this SMS to 567676 to know whether you are eligible for a pre-approved loan:

“PAPL<space><last four digits of SBI Savings Bank Acc. No.>"

After this,  you will receive an SMS mentioning whether you are eligible for it or not

• Once you get the approval, log in to the SBI YONO app

• Tap on the ‘Avail Now’ button from the drop-down menu

• Choose loan amount and tenure

• You’ll receive an OTP on your contact number after that

• Enter the OTP

• The loan will be processed and the amount will be added to your bank acc.

I hope now you know how to know pre approved loan in SBI.

If you avail of the SBI Pre-approved home loan before finalization of the property, then you will be able to negotiate with the Seller/Builder confidently.

This is all on how to know pre approved loan in SBI.

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