New update has arrived, loan will be available on mutual fund, now SBI customers will get all this service on YONO app along with online banking.

SBI Loan against Mutual Fund Now SBI customers can use Internet Banking lNB / YONO App with the facility of taking online loan against Mutual Fund MF unit in State Bank of India

SBI Loan against Mutual Fund State Bank of India, the country’s largest loan provider, provides the facility to SBI customers to take online loan on Mutual Fund MF units through Internet Banking INB / YONO App. SBI is the first in the country to provide such a facility. There is a bank, with this facility you can take loan sitting at home, it is completely operated by paper lens and digital process.

This new loan facility has been provided by all the asset management companies registered with CAMS at attractive interest rates lower than the new mutual fund scheme of AMC. Earlier this facility was limited to SBI mutual fund scheme, the benefit of which can be availed by the customer by visiting the branch.SBI President Dinesh Khara said that we are very happy to provide the facility of giving loan on MF unit to our customers on Internet Banking and YONO App. We believe that the digitalization of loan on MF will make digital hassle free and easy access for our customers. Jesus provides paper work-free loan process and customers do not need to sell MF units in case of urgent need.