The State Bank of India’s (SBI) Xpress Credit, officially called Real‑Time Xpress Credit (RTXC), is a fully digital, paperless personal loan available via the YONO app for eligible salaried customers with an SBI Salary Package account. So to detail you more about what is SBI Xpress Credit personal loan? I must say that this instant loan facility lets you avail anywhere between Rs. 1 lakh and Rs. 35 lakh (or up to 24× your net monthly income) with minimal documentation and real-time sanction & disbursal.
What is SBI Xpress Credit Personal Loan Eligibility?
Eligibility for the RTXC loan includes:
an SBI salary account
a minimum net monthly income of Rs. 25,000 (Rs. 15,000 for older specs)
and an EMI-to-income ratio of ≤ 50 to 65%, depending on variant.
It’s tailored primarily for employees of central/state government, defence, CPSUs, reputed educational institutions, and select corporates, although customers holding other salary packages may still qualify.
Processing fees are around 1 to 1.5% of the loan amount + GST, capped at Rs. 15,000, with no hidden charges; if the loan is closed using proceeds of another Xpress Credit facility, prepayment charges are waived.
In case of delayed EMI, penal charges of 2.4% p.a. apply (coasting into 5% for continuous default beyond 60 days).
The repayment tenure ranges between 6 months and 6 to 7 years (up to remaining service period for salary account holders). Borrowers generally repay via auto-debit from their SBI account.
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What is SBI Xpress Credit Personal Loan?
sonali
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2025-07-25T14:27:48+00:00 2025-07-25T14:27:51+00:00Comment
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