UCO Bank launches 'Pre-approved Personal Loans' scheme

IMPHAL, Jun 1
UCO Bank has launched Pre-approved Personal Loans (PAPL) today as a part of its continuous endeavour to meet the changing preferences of customers.
In this offer, all eligible customers will get their loans sanctioned and disbursed in just five minutes through mobile without visiting any branch of the bank or the office, said a press release by UCO Bank.
UCO Bank customers who are in need of urgent funds can avail PAPL instantly on 24X7 basis and the loan will carry 10 percent ROI without any pre-closure charges.
With the aim to register 15 percent Loan Book Growth and to onboard new age customers, UCO Bank is ushering an era of digital transformation in the Bank and PAPL is one such initiative.
UCO Bank is streamlining the process and products to bring more digital offerings in days to come, added the release.