SBI Easy Ride

November 03, 2021
Current Context: The State Bank of India (SBI) has launched a 2-wheeler loan scheme.
SBI Easy Ride
  • The name of the pre-approved 2-wheeler loan scheme is ‘SBI Easy Ride’.
  • It is launched through YONO.
  • Under the scheme, the customers can opt for two-wheeler loans in a digital manner via the YONO app. They will not have to visit the bank branch to avail this loan.
  • Under the ‘SBI Easy Ride’ scheme, customers can opt for loans upto 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 is Rs 20,000.
  • Using the scheme, the loan of up to 85% of the on-road price of the vehicle can be opted.
  • Static Part: 
    • HQ of SBI: Mumbai
    • Chairman of SBI: Dinesh Khara

Question: 

Q.1 What is the name of the 2-wheeler loan scheme launched by SBI?
a. ‘SBI Go Ride’
b. ‘SBI Easy Travel’
c. ‘SBI Travel’
d. ‘SBI Easy Ride’

Free Exam Resources

Useful material to support your preparation, revision and exam planning.

Continue on BankExamsToday

Revise notes, practice questions and resume anytime.

Meet your mentor

From the Founder

Ramandeep Singh, founder of BankExamsToday

Ramandeep Singh

Banking Educator · Former Banker

Former banker and educator helping aspirants prepare for banking promotion and specialist officer exams with focused, practical guidance.

14+
Years' experience
5,000+
Selections
Ex-BoB
Banking experience