Customers can easily get approval on credit within few minutes. LoanTap has served around 32,000 customers through its platform till date. The bank is offering a loan from Rs 1 lakh to Rs 10 lakh on 48 installments.
New Delhi. Money can be needed at any time. In such a situation, the good news is that a bank has talked about giving a personal loan of ten lakh rupees in a few minutes, that too on easy monthly installments. It is being talked about Ujjivan Small Finance Bank, on whose behalf it was announced on Tuesday that it will provide personal loan up to Rs 10 lakh to customers in easy monthly installments within a few minutes. For this, the bank will enter into a strategic partnership with a leading digital lender and fintech platform, LoanTap.
More than 150 APIs to be made available
The move comes as part of Ujjivan’s Small Finance Bank’s API (Application Programming Interface) banking initiative. More than 150 APIs will be made available through this initiative, offering fast and secure tie-ups for digital lending, digital liabilities and fintech payment purposes. The move also serves the twin objective of expanding the bank’s financial services to a wider range of customers through LoanTap’s platform, which will make these activities easier and more convenient for their salaried class customers who are looking for loans. are asking.
Personal loan from 1 lakh to 10 lakh rupees
The advantage here is that this partnership is completely digital and completely technology driven. Customers can easily get approval on credit within few minutes. LoanTap has served around 32,000 customers through its platform till date. Add to this the fact that Ujjivan Small Finance Bank offers personal loans ranging from Rs 1 lakh to Rs 10 lakh on LoanTap’s platform with a maximum tenure of 48 months.
