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Come September 1, Oriental Bank of Commerce (OBC) will offer home loans and personal loans through the ‘psbloansin59minutes’ portal, according to a top official.
This will be in addition to the MSME loans provided by OBC through this portal, Mukesh Kumar Jain, Managing Director and CEO, told BusinessLine .
The bank also plans to offer vehicle loans through the same portal in the coming days, he added. OBC has been offering in-principle approval for MSME loans up to ₹5 crore through the same portal.
The whole effort would be to grant in-principle approval for personal loans in one to two days and home loans in seven to 10 days, Jain added.
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