- ICICI Bank launched a facility for instant disbursal of personal loans
- The facility is for existing salaried customers
- The bank says the process is completely digital and in paperless manner
The bank also gave steps to avail this loan facility at any of its ATMs:
- Select the required pre-approved loan offer. Multiple amounts may be shown depending on the customer's eligibility.
- Accept the auto populated interest rate, processing fee and EMI amount
- Confirm on the terms and conditions displayed
- Enter debit card PIN
"ICICI Bank has been at the forefront of digital innovations since its inception. The offering of instant personal loan at ATMs enables our customers to receive funds conveniently, when they choose to opt for the loan," said Anup Bagchi, executive director, ICICI Bank.
The instant loan facility at the ATMs will come with features including swift application in simple steps, multiple eligible loan amount options based on pre-checked CIBIL scores and instant transfer of money, the statement noted. "It also incorporates an additional level of authentication in order to make the security of the offering robust. Through this offering, a customer can get personal loans of up to Rs. 15 lakh for a fixed tenure of 60 months," it said.
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