Visiting an ICICI Bank ATM will now get you loan up to Rs 15 lakh instantly
On Thursday, the shares of the bank closed at Rs 300 per piece, down 0.68% or Rs 2.05 on BSE.
Going to ATM just for cash withdrawal or check bank balance, is not the only idea anymore.
ICICI Bank on Thursday announced the launch of instant disbursal of personal loans through ATMs up to Rs 15 lakh for existing salaried customers without any paper work.
The facility improves customer experience as it offers swift application in simple steps, multiple eligible loan amount options upto Rs 15 lakh for tenure of 60 months based on pre-checked CIBIL scores and instant transfer of the money to the customer’s account, the bank said in a release.
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 at ICICI Bank will continue to focus on innovations in technology to offer such innovative services that are simple, fast and secure”.
Here's how you can avail this loan in four steps:
On completion of a transaction for balance enquiry or cash withdrawal, customers will be shown the option of availing the loan.
1. Select the required pre-approved loan offer. Multiple amounts may be shown depending on the customer’s eligibility
2. Accept the auto populated interest rate, processing fee and EMI (Equated Monthly Installment) amount
3. Confirm on the terms and conditions displayed
4. Enter debit card PIN
Once the above steps are completed, the money will be transferred instantly. Customers can also avail personal loans from the Bank’s website, iMobile – its mobile banking application as well as its branches.
On Thursday, the shares of the bank closed at Rs 300 per piece, down 0.68% or Rs 2.05 on BSE.
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