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Yes bank launches 'loan in seconds' for instant loan disbursements

Yes bank launches 'loan in seconds' for instant loan disbursements

Yes bank launches 'loan in seconds' for instant loan disbursements
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By CNBCTV18.com Jul 13, 2020 9:39 AM IST (Updated)

Yes bank announced the launch of ‘Loan in Seconds’, a solution enabling instant disbursement of retail loans for the bank’s pre-approved liability account holders.

Yes bank announced the launch of ‘Loan in Seconds’, a solution enabling instant disbursement of retail loans for the bank’s pre-approved liability account holders.

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"This solution will help in availing instant financing without the need to visit a branch in person, fill an exhaustive form, or submit any documentation," the bank said in a statement.
Eligible customers under ‘Loan in Seconds’ will receive communication from the bank with the link to apply.
"All that a customer needs to do is verify and accept the final offer, check the terms and authenticate the request for enabling instant money credit into their account," the lender added.
Here are the key features of ‘Loan in Seconds’, according to Yes bank:
  • Funds credited to customer’s account in seconds
  • Only a few clicks needed to process the loan
  • Zero Documentation for loan disbursement
  • 24/7 availability across desktop and mobile devices
  • Speaking on the launch, Rajan Pental, Global Head – Retail Banking, Yes bank, said, “This launch is a testament to bank's continued leadership in digital innovation and technology capabilities, aimed to offer customers a comprehensive range of retail products in a form and manner which is convenient, fast and easy to use."
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