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.source https://economictimes.indiatimes.com/industry/banking/finance/banking/not-offering-emergency-loans-through-yono-platform-sbi/articleshow/75658993.cms
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