How to Pay Loan Amount in YONO SBI?

Hi Pal, SBI has created YONO to help consumers receive loan approval more quickly. You can use YONO to apply for a personal loan or a car loan without submitting any documentation. Simply check your loan eligibility online, and if you qualify, you can submit an application. Simply download the YONO App and create an online account. You can use YONO to repay the loan in addition to applying for one. Consequently, I can answer your question about how to pay loan amount in YONO SBI. Make Rent Payments with a Credit Card through NoBroker if You Want to Enjoy Amazing Rewards! Avail NoBroker’s Utility Payment Services to Make Bill Payments and Get Huge Cashback! What makes it unique from a typical loan application? Because the entire application process runs through an app, YONO loans are unique. You only need to use your smartphone to accomplish all of those tasks. Only SBI clients who have accounts with the bank are eligible. Before moving on to the loan application, you must log into your account. Therefore, YONO loans are not appropriate for people who do not use banks. With YONO, what kinds of loans can I apply for? Using this mobile app, the user can apply for a personal, auto, or house loan. Additionally, using online payment services makes it simple for you to transfer money swiftly and securely. With a single app, you can manage your accounts, pay bills, and do a lot more. How to pay loan amount online SBI? You can use the YONO app to create your loan payment schedule and pay your EMI using the NACH or ECS services. You can pay back the loan with funds from your savings account. Your EMI would be deducted automatically from the account thanks to a standing instruction. I would like to conclude here about how to pay loan amount in YONO SBI. I hope this helps:) Read More: What is the YONO SBI Customer Care Number? How to Transfer Money From YONO SBI to Another Account How to Register YONO SBI Online: Step by Step Guide?

I used to visit the bank to pay my loan amount until my friend showed me how to pay loan in YONO SBI. I use the YONO app but did not know that the loan amount could be paid through it as well. I am sure, like me, once you learn how to pay loan EMI through YONO, you will also opt for it. Here is how you can pay the loan at SBI through the YONO app:

How to pay loan through YONO app?

As Vaishali said, you can use the YONO app to use the NACH or ECS service to repay the EMI. Here are the basic steps to follow

• Open the app and log in

• Activate the NACH or ECS service to pay the EMI

• Select your Savings or Current account from where you want to deduct money for EMI

• Learn about the standing instructions there and confirm it

If you feel confused, you can visit the bank and ask them to help you out. But this method is really easy. You don’t have to visit the bank every month for repayment, at least. I hope this was helpful. 

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