Banks have different methods and policies for the loan application process. But now, you can be an applicant for a loan through a simple ‘hi’ on WhatsApp.
IIFL Finance has released a statement about the loan application that now users can subscribe for a loan of 10 Lakh through Whatsapp.
No documentation is needed for a business loan application and the process will take only 5 minutes.
AI has evolved in the banking industry with this, the bots will scan the details of applicants, type of loan, KYC verification, Bank Details verification, and other important details.
- Type Hi and send on 9019702184.
- The Details will be verified who’s the applicant, individual or business partner.
- Establishment year of Business
- Submit information, Bot will ask you to confirm the details and other credit history.
- Once the details are verified, based on your eligibility criteria, you will see the offers for the loan amount, EMI and interest rates.
- Account Number & IFSC code is needed here to get the sanctioned loan amount in your account.
In a while, you’ll get the confirmation.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.