Mega Bank To Provide Loan Facility Up To Rs 2 Lakh For Customers That Apply Through Smartphone

June 20, 2021 | Investopaper

Mega Bank has brought a facility to its customers to receive instant loan through their smartphone. The bank has brought the loan facility in collaboration with F1 Soft International with the objective of providing the required amount to the customers immediately.

Through this facility, various organizations and employees who have their monthly salary account in the bank can consume a maximum of Rs 200,000 for 30 days, the bank said.

Bishwa Singh, head of digital and e-banking at Mega Bank, said that this facility would be very convenient as one can get loan immediately without collateral, without going to the bank and without any documents.

The bank has stated that the loan amount will be credited to the customer’s account through ‘Virtual Credit Card’ within a few minutes of applying online through Mega Smart Banking app.

The bank has stated that the loan will be disbursed immediately if all the necessary procedures for the loan are completed online.

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