HDFC Bank launches first Digital Loans against Securities

HDFC Bank launches first Digital Loans against Securities

HDFC Bank launched digital Loan against Securities (LAS) allowing customers to avail loans in less than 3 minutes. It is first of its king initiative in Indian baking industry. The facility will offer 10.5% interest rate on the product. The service will also be available to customers with no credit history. Under this facility, customers can avail a minimum loan of Rs 1 lakh and maximum loan up to Rs 20 lakh. To seamlessly deliver this product, bank has collaborated with National Securities Depository Ltd (NSDL).

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