State Bank of Bikaner and Jaipur has launched instant car loans online

By | September 24, 2011

According to a recent press report State Bank of Bikaner and Jaipur, has planned to offer instant car loans online for customers with clean financial record.

Reports said that borrowers interested in the offer can login the website, and apply online. If the applicant is eligible for the loan a sanction letter will be issued within seconds.

Mr. Shiv Kumar, Managing Director State Bank of Bikaner and Jaipur said that bank holds the credit of introducing this kind of instant car loan. He said that no other Public or Private bank has this facility in India. On speaking about the benefits of the loan scheme he said that it was customer friendly and that the applicants can make use of the sanction letter or reference number in any Branch to get the loan. He said that the officials in the Bank will confirm the inputs, customer norms, credit history and Pan card Details and the Loan will be disbursed once the formalities are done.

Reports also said that the bank has setup an Online Business Centre which will contact the customer for whom the loan has been sanctioned and provide them with the website address for further Assistance.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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