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HDFC Bank to offer 10-second loan nod

By Realtynmore Apr 27, 2015

HDFC Bank will offer personal loans disbursed in 10 seconds through net banking, in three weeks as it expands its market share, according to a published report.

The offer is only for existing customers of HDFC Bank, and will be available 24 hours a day. Customers will need to fill an online form and will be directed for a one-time password as additional security.

The report said the offer would be the world’s fastest loan disbursal; M Bank in Poland offers disbursals in 30 seconds.

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