look news india
New Delhi. The country’s three largest public sector banks – State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) have given the biggest gift of 2026 to crores of their customers. Under the new service implemented from February 10, 2026, now in case you need money in an emergency, you will not need to reach out to anyone or visit the bank. Banks are now offering instant personal loans up to ₹1 lakh directly on your mobile app. This entire process is paperless and the money is directly credited to your account.
₹1 lakh digital loan: no guarantee and no hassle
These three banks have made their digital banking system so advanced that now loan approval does not take hours but only a few minutes. This facility is especially for those customers who have salary or savings accounts in these banks and whose previous banking record is clean.
Key features of the loan:
Loan amount: Ranging from ₹10,000 to ₹1,00,000.
Interest Rate: Between 10.50% to 14.50% (annually), depending on your CIBIL score.
Tenure: You can repay the money in installments (EMI) of 12, 24 or 36 months as per your convenience.
Ability: Your CIBIL Score should be 650 or more.
Step-by-Step: How to apply from mobile?
If you suddenly need money, you can get an instant loan by following the easy steps given below:
Open the app: Open the official app of your bank (SBI YONO, PNB One or BoB World) and log in.
Loan Section: Click on the banner of ‘Loans’ or ‘Pre-approved Instant Loan’.
choose amount: Set the loan amount and repayment period (Months) as per your need.
Verification: Enter your PAN and Aadhaar number. One on your registered mobile number otp Will come, submit it.
Money in account: Once you accept the digital agreement, the money will be transferred to your bank account within 2 to 5 minutes.
4 big rules of banking: which will directly impact your pocket
Apart from instant loan, these three banks have also made some other important changes in 2026, which are mandatory for you to know:
| type of update | New Testament and effects |
|---|---|
| Minimum Balance | Banks have changed the minimum balance limit for rural and urban areas. It is a matter of relief that now the penalty has been reduced considerably. |
| ATM transaction charges | Customers will now have to pay a slightly higher fee per transaction after exceeding the monthly limit of free ATM withdrawals. |
| UPI ID Alert | If you have been using your UPI ID If not used, it may be ‘deleted’ or ‘inactivated’ as per NPCI instructions. To keep it running, keep doing small transactions. |
| KYC update | It is now mandatory to update KYC every 2-3 years. If your KYC is pending, the bank may freeze your account temporarily. |
