New Delhi: Punjab National Bank (PNB) has launched ‘pre-approved personal loans in 4 clicks and single OTP’ on its mobile banking app PNB One. This facility was launched by Atul Kumar Goel, MD & CEO of PNB, at the Bank’s head office in New Delhi, in the presence of Executive Directors – Sanjay Kumar, Vijay Dube, and Kalyan Kumar, CGMs, senior officials and other bank staff.Also Read – SBI Customers Alert! Use WhatsApp For Banking Services Soon; Details Here
Atul Kumar Goel, MD & CEO of PNB said, “In addition to providing access to instant credit, there is no hassle of documentation for loans up to Rs. 4 lakh. PNB hopes that this product will serve as an example of responsible digital lending for the banking industry and prove to be one of the best products in the retail sector.” Also Read – Get More Interest On Your Money Than Bank Fixed Deposit With This Scheme
How This Will Help The Customers:
- The end-to-end process is supposed to take less than a minute with instant disbursal in the account.
- Loan custom will no longer need to visit the branch for the loan processing
- Customers can also complete the process from the comfort of their home or anywhere else.
- As of now, the bank is offering this service to salary account holders and pension accounts.
- Eligible customers can avail the facility through the digital lending platform PNB Instaloans which can be accessed through bank’s website and its mobile banking app, PNB One.
Also Read – Axis Bank Hikes Interest Rates On Fixed Deposits | Check Latest Rates Here
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