Syndicate Bank launches online request for loans

Bangalore, Nov 14 (UNI) Syndicate Bank today announced launching of online request for three loan products--Housing Loans, Loans for professional and self employed and traders for loans above Rs.two lakhs.

The Bank has already introduced, web enabled system of online request for loans from prospective customers for loan amounts Rs.25 lakhs and above under SME sector and for educational loans irrespective of loan amount with effect from October 24. Both the products have received very good response in the market, the Bank said in a release here.

The facility enabled the applicants to access and submit their requests for loan on-line through Banks website www.syndicatebank.in. As soon the loan request is submitted, a unique reference id would be generated, which can be used for further reference. Under the system, the applications would be disposed of within a time bound schedule. This innovative move by the Bank had enabled speedy delivery of credit to its prospective clients.

UNI