Q. Which bank has launched an instant digital Loan Against Securities (LAS) facility?
Answer: HDFC Bank
Notes: The HDFC bank has launched an instant digital Loan Against Securities (LAS) facility in collaboration with the National Securities Depository (NSDL), which allows customers to avail loans in less than 3 minutes. The service will also be available to customers with no credit history. The bank will offer 10.5% interest rate on the product and will soon expand the offering to other securities such as mutual funds, bonds and insurance policies. Under this facility, customers can avail a minimum loan of Rs 1 lakh and maximum loan up to Rs 20 lakh.
This question is part of Current Affairs Daily 20 MCQ Series Course on GKToday Android app.
