On Thursday, April 28, 2022, public sector lender Indian Bank unveiled its first digital product, the Pre-Approved Personal Loan (PAPL). This digital product, launched under its Wave (World of Advanced Virtual Experience) programme, would enable customers with rapid loan disbursement in three simple stages, according to a statement.
It is now offered to existing bank clients aged 21 and up who have a monthly income and pension account.
This loan is available through the ‘IndOASIS mobile app, the bank’s website, and internet banking. The loan now has a ten percent annual interest rate, with the option of a loan term of 10 to 48 months and no foreclosure fees.
Indian Bank PAPL Loan 2022 Details
Recently the Chennai-based bank launched its first digital product, the Pre-Approved Personal Loan (PAPL), which promises to give consumers with rapid loan disbursements.
Indian Bank PAPL Loan Eligibility 2022
This loan is available to existing account holders who are 21 years old or older and have a regular income and pension account.
Interest Rate of Indian Bank PAPL Loan
The loan would have a ten percent annual interest rate. Indian Bank is giving the loan at the finest conditions available in the local market, with the option to choose a loan tenure between 24 and 48 months and the ability to pre-close the transaction without penalty.
Indian Bank Pre Approved Personal Loan Registration 2022
If you want to apply for an Indian Bank PAPL Loan and register online, simply follow the guidelines in this section.
- To begin, go to the official website of Indian Bank i.e https://www.indianbank.in/
- Your browser will now display the home page.
- In home page right side, Pre-Approved Personal Loan (PAPL) link is available.
- Please click on that link.
- Enter your account number and click on proceed button.
Direct link for apply Indian Bank PAPL Loan 2022