Real-Time Xpress Credit

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Real-Time Xpress Credit
Real-Time Xpress Credit
Real-Time Xpress Credit
  • RTXC is a first of its kind, fully digitized loan journey designed for customers maintaining Salary Package account with the Bank
  • Loans up to ₹35 lakhs can be availed instantly at your convenience on 24*7 basis
  • The product is available on YONO under 2 modes:
    • Digital Document Execution (DDE): Real-time sanction, digital documentation and real-time disbursement at DDE enabled States/ UTs.
    • Non-DDE: Real-time sanction on YONO, document execution and single click disbursement at selected branch

Features :

  • Aadhaar OTP based e-sign of customer.
  • Step-by-Step Guided e-mail and SMS Communication System.
  • Digitization of entire loan documentation processes viz. loan application, loan agreement, stamping and signature at 23 DDE enabled States/ UTs at present.
  • Instant loan disbursement.

Eligibility :

  • Salaried customers maintaining Salary Package account with the Bank
  • Minimum Net Monthly Income of Rs. 25000/-
  • Loan Amount:
    • Minimum Loan amount: Rs. 1 lakh
    • Maximum Loan Amount: Rs 35 lakhs / 24 times NMI
  • EMI/NMI Ratio upto 65%

Terms And Conditions:

  • Loan Tenure: 6 months – 72 months
  • Processing fee: Up to 1.50% of the Loan Amount (subject to minimum ₹1000/- & maximum ₹15000/-), plus GST
  • Penal Charges: In the event of default in payment of any instalment or any irregularity in the loan account, penal charges at following rate will be applicable:
    • Irregularity upto 60 Days: 2.40% per annum on the irregular portion for the period of irregularity.
    • Continuous irregular for a period beyond 60 days: 5% per annum on the outstanding for the period of irregularity.
  • The Loan will be repayable by way of EMIs. Standing Instruction (SI) for EMI payment will be automatically set up on Salary Package Account of the customer.
  • Loan Account will be closed/ pre-closed at the Home Branch/through app/portal by customer, after recovering residual dues from the Customer.

Last Updated On : Tuesday, 29-04-2025

Interest Rates

Start From

 

10.10% p.a.*

*T&C Apply.

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