ICICI Bank has launched a facility through which its existing employee clients can take out personal loans at ATMs. These clients can instantly get prequalified personal loans up to 15 lakhs in their savings account.
In a statement, the country’s largest private sector bank in terms of consolidated assets, said the facility offers a feature set – quick application in a few simple steps, multiple options from eligible loan amount up to Rs.15 lakh based on pre-verified CIBIL scores and instant money transfer to customer account.
The installation also incorporates an additional level of authentication to strengthen the security of the offer. Through this offer, a client can get personal loans up to Rs. 15 lakh for a fixed term of 60 months.
At the end of a balance request or cash withdrawal transaction, customers will have the option of taking advantage of the loan (at the ICICI Bank ATM).
Customers can avail this loan at any ICICI Bank ATM in four steps: select the required pre-approved loan offer; multiple amounts can be displayed depending on customer eligibility; accept the automatically entered interest rate, processing fees and EMI (Equated Monthly Payment) amount; confirm on the terms and conditions posted. Finally, enter the PIN code of the debit card.
The press release states that the money will be instantly transferred to the customer’s account at the end of this process. Customers can also avail personal loans through the Bank’s website, iMobile – its mobile banking app as well as its branches.