Get Instant Access to 24x7 Personal Loans for New to Bank Customers

5 Mins Feb 15, 2022

Customer needs have undergone a sea change over the years. No longer are customers satisfied with just a strong value proposition. Ease of operability and instant delivery are also among their top demands.

And service providers, such as banks, are now focusing on delivering on these fronts. It has become easier thanks to massive digitization (including automation), which has helped traditional banks transform and become financially and technologically savvy.

One such customer-friendly and technologically savvy proposition is Axis Bank’s 24x7 Personal Loans for New to Bank (NTB) customers.It offers the modern-day consumer a straight-through experience that leads to the disbursal of the loan amount into the applicant’s salary bank account.

How is Axis Bank 24x7 Personal Loans different?

The need for additional funds could crop up at any time. For instance, you may have to pay for your daughter’s tuition fees and find yourself short of money. Or there may be a wedding in the family and you need funds urgently. It could also be a planned expense, such as an annual vacation. Whatever the need, it can be met easily with a Personal Loan since it is a collateral-free loan for personal use.

Earlier, the best option for availing of a Personal Loan was the bank you have an existing relationship with, as that would ensure faster service. But what if the interest rates were not to your liking? Then you would have to scout for better interest rates elsewhere and apply again. But this meant the loan application would be delayed.

Now you have another option to get instant funds at competitive rates – Axis Bank 24x7 Personal Loans.

[Also Read: Personal Loans: A backup for your emergency needs]

You can apply from anywhere - sitting in your home or office, or even while on the move. The journey - from applying for the loan to getting it approved and sanctioned—is entirely digital.

You can apply through Axis Bank’s official website. Since you are applying for the loan yourself, the scope for any error or misrepresentation of information is minimised.

The entire process is paperless. All you must do is provide your KYC, get the income assessment done seamlessly, and complete the verification process through vKYC. Therefore, it is equally easy for a non-Axis Bank customer to avail of 24x7 Personal Loans as it is for an existing Axis Bank customer.

Since the processing and vetting of the application and subsequent approval also rely on algorithms and technology, the chances of human bias or error are minimized. This also ensures transparency in decision-making. Despite the entirely digital process, you are also ensured of physical support from the bank’s personnel, if required, at any step during the entire application process.