March 21, 2022 | Investopaper
Global IME Bank Limited has launched online facility for its term depositors which allows them to take loans against their fixed (term) deposits through online.
For this, the term depositors of the bank will be able to take online loan on the security of term deposit through Global IME Bank’s mobile app and website. The amount will be immediately credited to the applicant’s savings account. It does not require any physical documents.
Under this scheme, they will be able to take a loan of up to Rs. 1 million from the bank or 90 percent of their term deposit.
Global IME Bank is providing services to more than 2.8 million customers from around 860 service centers including 287 branches, 252 ATMs, 274 branchless banking services, 50 extensions and revenue collection counters and 3 foreign representative offices abroad.