SBI launches pre-approved 2-wheeler loan ‘SBI Easy Ride’ on YONO

State Bank of India (SBI) has launched a pre-approved 2-wheeler loan scheme ‘SBI Easy Ride’ through its YONO platform. Eligible SBI customers can avail of end-to-end digital two-wheeler loans through the YONO app without visiting the bank branch.

Customers can apply for the Easy Ride loan for an amount up to Rs 3 lakh at a competitive interest rate of 10.5% per annum onwards for a maximum tenure of 4 years

The minimum loan amount has been fixed at Rs 20,000. The loan will be disbursed directly into the dealer’s account.