Loan applications worth Rs 250 crore have been received in two days at the loan fair organized by the State Bank of India Jaipur (SBI) board. Bank’s Chief General Manager Ravindra Pandey said that the bank has arranged an online loan application, under this, there is no need to present any documents to the borrowers. All their details will also be acquired from the details shown in their bank account. Under this arrangement, loans are being approved on the spot. Due to this, loan processing time, paper expenses and inconvenience to the customer are being avoided.
In this, the customer is getting the facilities of bringing home at one place, car loan, MSE, Mudra, etc. and the option of all banks and financial institutions under one roof is available with the customer. He informed us that the approval of all loans is being sent to the customer on mobile-only through online verification.
Pandey said that in order to give impetus to the market and economy in the festive season, the Government of India’s Financial Services Department organized the campaign under ‘Customer Connection-Pahal’. He informed that all the nationalized banks, private banks, and microfinance institutions participated in this loan fair under one roof. All the management of this event is being handled by SBI.