Private sector lender YES Bank has launched a solution for instant disbursement of retail loans for the bank’s pre-approved liability account holders.
Called Loan in Seconds, the algorithm assesses a loan application in real-time and eliminates the need for documentation.
“Eligible customers under ‘Loan in Seconds’ will receive communication from the bank with the link to apply for the loan. All that a customer needs to do is verify and accept the final offer,” the lender said on Monday.