In an attempt to help customers meet their financial requirements from the comfort of their homes, Indusland Bank has launched ‘IndusEasyCredit’. Here, the customers can digitally avail personal loans or credit cards on a single platform.
The stack leverages more than 35 interfaces to digitally verify KYC and employment information as well as analyse bank statements. It then leverages advanced analytics and machine learning-based models to assess eligibility in real-time. Post this, the customer can conduct video KYC and get the loan disbursed into his or her account after executing the agreement digitally; without having to visit a branch or do any lengthy documentation. The stack will also be leveraged by various partners of the bank.
“Over the past few months, we have been constantly working towards creating a comprehensive solution that enables customers with easy access to credit from the comfort and safety of their homes. ‘IndusEasyCredit’ is a testament to that effort which provides customers with the flexibility to avail a personal loan or a credit card on a single platform, in a completely seamless, paperless, and digital manner. Backed by IndusInd Bank’s strong technological prowess, we believe, that this proposition will offer customers a differentiated banking experience,” Charu Mathur, Chief Digital Officer & Head-Business Strategy, IndusInd Bank said.
To avail of an instant personal loan in Indusland Bank, firstly the customer must complete e-KYC and provide basic details to check eligibility.
Secondly, select the amount from pre-approved loan offer as required. Accept the auto populated interest rate, processing fee and EMI amount. Thirdly, make sure to complete the video KYC. After digitally, signing the agreement, authenticate the request for enabling instant money credit into their account. Your money will get transferred to your account on completion of this procedure.
To avail credit card, customers must first complete the e-KYC and provide details for eligibility. After they get the pre-approved offer, they can select the desired Indusland Bank Credit product. The card will be dispatched to the customer on completion of his/her video KYC.
Currently, customers can only apply for the 'IndusEasyCredit' facility through the bank’s website. It will also be made available shortly on IndusMobile.
