Applying Personal Loan through ATM

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Applying Personal Loan through ATM
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Guess whatnow apply loan from ATM

• ATMs are generally used for
• To withdraw cash
• Generate the PIN to your debit/credit card
• Check balance amount
• Transfer money
• You will be surprised to know that now you can
  apply for a personal loan through an ATM.
• When you complete any transactions in ATM, you
  can see a pre-approved personal loan offer on the
  ATM screen.
• However, it is generally offered to pre-selected
  eligible customers.
• These days almost all ATMS have been designed to
  provide the loan offer based on the customers
  eligibility, such as income, work profile, and
  other personal details.

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Popular Banks providing instant personal loan
from ATM

1. Instant personal loan from ICICI Bank ATM
2. Instant Personal Loan from HDFC Bank ATM
3. Instant Personal Loan from SBI ATM

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Instant personal loan from ICICI Bank ATM

• Customers need to take the following steps to get
  a personal loan on ICICI Bank ATM
• Complete the transactions (like Balance
  inquiry/Cash withdrawal) at the ATM.
• A pre-qualified personal loan offer notification
  will be displayed on ATM screen to the customer
  with maximum loan amount the customer is eligible
  for. Click on Apply Now to proceed further.
• All offers will be shown on the screen according
  to your eligibility. Select any offers.
• Accept the terms and conditions displayed on the
  screen.
• For a 2-factor authentication to initiate the
  loan disbursement process, you need to
  authenticate it through your ATM Card PIN.
• Post authentication, the loan amount will be
  credited into your bank account.

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Features Benefits of Personal Loan from ICICI
Bank ATM

1. No need to visit the bank.
2. Availed at all ICICI Bank ATMs.
3. Completely paperless and digital process.
4. Extra layer authentication for secure and robust
   loan application.
5. Loan amount up to ? 15 Lakhs.
6. Interest rates starting from 11.25.

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Instant personal loan from HDFC Bank ATM

• HDFC Bank has started to offer an instant
  personal loan to its pre-qualified customers at
  its ATMs across the country.
• Loans are provided based on big data analytics by
  the bank that captures the customers income
  detail, employment status, credit rating, daily
  withdrawals, and the customers repayment
  history.
• ATMs can provide a 10-second approval and an
  instant disbursal. 

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Instant personal loan from SBI ATM

• SBI offers a personal loan and insurance products
  through ATMs to its customers.
• Based on customers data such as income,
  repayment history, withdrawals and credit rating,
  pre-approved personal loan offers are displayed
  on ATM screen during times when a customer
  performs any transactions.
• Interested customers can apply for an instant
  personal loan on SBI ATM.
• They are required to agree to the terms and
  conditions to get the loan.
• After the mobile number verification, the loan
  amount will be sent to the customers account. 
• Interest rates starting from 10.90.

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In the end

• A personal loan through ATMs is an unconventional
  way of loan disbursement.
• Paperless.
• Digital.
• Especially offered to a pre-qualified customer of
  the bank who has a good track record of income,
  employment, and credit history.
• Getting a personal loan from ATM can be most
  helpful when a customer is in urgent need of
  funds and banks are closed.

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Thank You !!!