Not offering emergency loans through YONO platform: SBI

Media reports have stated that the public sector lender is offering emergency loans of up to Rs 5 lakh within '45 minutes'. The loans will be given at an interest rate of 10.5 per cent and EMIs will start after a period of six months, the reports said. SBI said that it is in the process of introducing a pre-approved personal loan offering through YONO.

from Banking/Finance-Industry-Economic Times https://ift.tt/2YOevNq