ICICI Bank, India’s largest private
sector bank by consolidated assets, announced the launch of instant
disbursal of personal loans through ATMs. This service enables existing
salaried customers of the bank to get pre-qualified personal loans in
their savings account instantly, in a completely digital and paperless
manner.
The
facility improves customer experience as it offers a bouquet of unique
features: swift application in simple steps, multiple eligible loan
amount options upto Rs.15 lakh based on pre-checked CIBIL scores and
instant transfer of the money to the customer’s account. 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 upto Rs. 15 lakh for a fixed tenure of 60 months.
Talking
about the initiative, Mr. Anup Bagchi, Executive Director, ICICI Bank
said, “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. We believe that this compelling proposition of a completely
paperless procedure and instant disbursal of funds through our ATMs
offers a unique experience to our customers. We at ICICI Bank will
continue to focus on innovations in technology to offer such innovative
services that are simple, fast and secure.”
On
completion of a transaction for balance enquiry or cash withdrawal,
customers will be shown the option of availing the loan. Customers can
avail this loan at any ICICI Bank ATM by following the below mentioned
steps:
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 (Equated Monthly Installment) amount
Confirm on the terms and conditions displayed
Enter debit card PIN
Money
gets transferred to the customer's account instantly on completion of
this procedure. Customers can also avail personal loans from the Bank’s
website, iMobile – its mobile banking application as well as its
branches.
For further details, visit: https://www.icicibank.com/Personal-Banking/loans/personal-loan/atm-pl-disbursement.page
ICICI
Bank services its large customer base through a multi-channel delivery
network of 4850 branches, 13882 ATMs, phone banking, internet banking (www.icicibank.com), mobile banking, banking on Facebook & Twitter and ‘PocketsbyICICIBank’ the country’s first digital bank on mobile.
For updates, visit www.icicibank.com, follow us on www.twitter.com/ICICIBank.
About ICICI Bank Ltd.
ICICI Bank Ltd (NYSE:IBN)
is India’s largest private sector bank by consolidated assets. The
Bank’s consolidated total assets stood at US$ 152.0 billion at March 31,
2017. ICICI Bank's subsidiaries include India's leading private sector
insurance, asset management, securities brokerage and primary dealership
companies and among the country’s largest private equity firms. It is
present across 17 countries, including India.
For media queries, write to: corporate.communications@icicibank.com
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