HDFC Bank launches10-second personal loan disbursement
The entire process to avail of the loan is completely paperless, and users can simply log into their bank account via net banking or mobile banking and avail of this loan at a click.
HDFC Bank is the first institution in the retail lending space to completely automate the entire process of loan approval and disbursement.
The 10-second loan is completely hassle-free and transparent and users will no longer have to wait for disbursement of funds, particularly in medical or other types of emergencies where there is an urgent need for cash.
“It is like having a real cheque in one’s virtual wallet and is part of our mission of enabling customer delight by creating simple and speedy banking solutions that are available at a click.At HDFC Bank, customer convenience lies at the heart of our digital initatives and we have noticed growing demand from digitally-savvy customers to avoid paperwork and to accelerate processes. Most customers expect banks to connect the dots between online and offline options to deliver convenient, consistent service,”said Arvind Kapil, Business Head - Unsecured Loans, Home & Mortgage Loans, HDFC Bank Ltd.
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