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, sbbjbank.com 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.