If you are a customer of Punjab National Bank then there is good news for you. One of the leading public sector banks of the country, PNB has introduced instant loan facility for the customers. Now you can get a loan with just a single OTP and 4 clicks, which means you will no longer need to go through the lengthy process to get the loan.
PNB has introduced the facility of ‘Pre-approved Personal Loan in 4 Clicks and Single OTP’ on its mobile banking app PNB One. Under this, the loan can be approved in a few minutes in the account under some process. The bank informed through a tweet that the end-to-end process with instant disbursement to the account should take less than a minute. Customers will no longer need to visit the branch for loan processing and can complete the process from their home or anywhere else.
who will benefit
At present, the bank is providing this facility to salary account holders and pension accounts. Eligible customers can avail this facility through the digital lending platform PNB Installals, which can be accessed through the Bank’s website and its mobile banking app, PNB One.
No hassle loan up to Rs 4 lakh
PNB MD and CEO Atul Kumar Goel said that apart from providing access to instant credit, there will be no documentation hassle 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 in the retail sector.
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How to apply for loan
First of all, you have to go to the home page of PNB One app. Here you have to select the option of offers. After this you have to give all your details. Now you have to click on Next. After that you have to enter the amount on the screen. Now you have to accept and accept after reading all the terms and conditions. An OTP will come on your registered mobile number, enter the OTP and submit it. Now your application for loan will be completed.