In today’s digital age, banking services are becoming smarter and more convenient. In this direction, State Bank of India (SBI) has added a new feature to its popular mobile app YONO (You Only Need One).
Through this update, customers can now directly check their CIBIL score and full credit report inside the app.
This feature has been launched in partnership with TransUnion CIBIL, so users no longer need to visit multiple websites or third-party apps to see their credit details.
What is a CIBIL Score and Why It Matters
A CIBIL score is a three-digit number between 300 and 900. It shows a person’s creditworthiness, meaning how responsibly they repay loans and credit card bills.
Banks and financial institutions usually check this score first before approving a loan or credit card. A higher score increases the chances of approval, while a low score can lead to rejection or stricter terms.
New Features Added in the YONO App
The SBI YONO app now allows customers not only to view their credit score but also to access their complete credit report. Several helpful tools have also been added, such as:
Report analysis to understand credit history
Score simulator to see how EMIs or new loans may affect the score
FAQs explaining credit score basics
Gamified learning modules that explain credit concepts in simple language
The score simulator is especially useful because it helps customers see how timely EMI payments or taking a new loan could change their score.
Benefits for Customers and Financial Awareness
The biggest advantage of this feature is that customers can now regularly monitor their credit health.
Earlier, people had to visit different websites to check their score, but now they can do it directly in their banking app. This saves time and also keeps personal data safer.
Experts believe this will improve financial awareness. Many people usually ignore their credit score and only discover problems when they need a loan.
With this feature available in YONO, customers can track their score anytime and improve their financial habits earlier.
A New Step in Digital Banking
This partnership between SBI and TransUnion CIBIL is a major step for customers. Banking apps will no longer be limited to money transfers or balance checks—they will also reflect a person’s financial health.
Overall, this feature will strengthen digital banking and encourage customers to adopt more responsible financial behavior.
