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Today General Knowledge(GK)
Which Bank launched pre-approved personal loan under Project WAVE?
A)
Indian Bank
B)
Bank of Baroda
C)
Canara Bank
D)
Punjab National Bank

Correct Answer : Option (A) - Indian Bank



Indian Bank has unveiled a pre-approved personal loan (PAPL) product under Project World of Advance Virtual Experience (WAVE) a top official said on Thursday(28th April 2022).
 
Aims : To provide customers with instant loan disbursements.

The loan would carry an interest rate of 10% p.a. with no foreclosure charges.

The service is available for existing customers (regular income and pension accounts) and can be availed of through a mobile application, website, and internet banking facility.

With the flexibility to opt for a loan tenure between 24 and 48 months and the ability to pre-close the loan without any penalties, Indian Bank is offering the loan at the best terms available in the domestic market,” Jain added..

Source : The Print

Published On : May 2, 2022
Category : Banking
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