SCB's Instant Online personal loan approval

Last Updated: Fri, Dec 14, 2012 05:52 hrs

Standard Chartered Bank India has launched an instant online personal loan approval solution. which will enable a customer to apply for a personal loan online and receive an 'Approval In Principle' (AIP) almost instantly. The press release announcing the launch has been attached and appended below for your reference.

Key takeaways:

  • SCB India is among the first few banks in the country to launch a unique online personal loan approval solution

  • With the digital application process, the customer can apply for

  • personal loan online through the website personal-loan at his or her convenience and get an in principle approval on a loan application within 5 minutes.

The AIP will be followed by a final approval after completion of 'Know Your Customer' and credit approval processes. The online application process involves verification of key customer details such as the Permanent Account Number, mobile number, email ID and credit history through CIBIL and other internal eligibility criteria.

Bienu Verma Vaghela, Chief Editor,

ApnaPaisa is India's leading Online market place for financial products such as loans, credit cards and insurance plans. Author can be reached at

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