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MoneyWorks4Me

State Bank of India offers pre-approved 2-wheeler loan on mobile app

02 Nov 2021 Evaluate

To further push its digital platfrom Yono, State Bank of India (SBI) has launched a pre-approved two-wheeler loan scheme provided it is applied online and the ticket size is under Rs 3 lakh. Already, the bank gives a 5 basis points discount on home loans if it is applied online/Yono.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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