YES Bank Launches Instant Loan Disbursement Facility

Money & Banking

Our Bureau

Mumbai | Updated on

July 06, 2020

Published on

July 06, 2020

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.

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Published on July 06, 2020