October 3, 2020 | Investopaper
NIC Asia Bank has launched online loan application system. The bank has brought this facility keeping in mind the need to make its services and facilities customer friendly in time and to maintain social distance due to COVID-19.
The bank said it launched the facility in line with its long-term strategy of becoming a ‘digital first bank’. The bank claims that the latest introduction of online loan application will replace the existing system of taking and processing loan applications. In addition, the customer will be relieved from the hassle of filling up the physical form for loan application by reaching the bank, the bank said.
Through this, the customer can apply for the loan of his/her choice from any place at any time. The limit of the loan that the customer can take and the ability to borrow according to the source of income can be determined. Similarly, the customer can upload all the documents by filling in all the details online after showing whether he/she is eligible for the loan or not.
After this, the loan representative of the branch office of the bank will contact the customer and the bank will give the loan decision to the applicant within 48 hours of submitting all the required documents.