HBL is the largest bank of Pakistan, has become the first bank in the country to offer instant personal loan through mobile application. This is the biggest achievement of the HBL bank of its brand promise of allowing dreams, as a customer would now be able to choose and apply for a loan of their choice from the comfort of their home, in just a few taps.
The new offering pursues to provide the fastest turnaround time of loan processing seen in the financial industry as HBL reforms how customers loans are applied for and disbursed to the customer.
Aamir Kureshi, Head Global Consumer Banking at HBL stated that “HBL is pleased to give unparalleled convenience to its customers by digitizing loan approval and disbursal. The entire process is paperless, and the loan can even be disbursed within minutes. The customer response has been extremely encouraging so far and we have disbursed over 1,000 loans in less than 30 days of the launch.”
The product is at available to select salaried customers across Pakistan, exclusively through HBL mobile. Customers can avail the service by logging into their HBL Mobile and applying through the loan option in the menu bar.
Ishtiaq Ahmed, one of the first customer to take an instant loan through HBL Mobile, stated his experience, “It took me less than an hour to go through the process, and I had my desired loan amount in my account promptly.” This inventive series empowers the customers to apply for and avail a loan without visiting any branch or filling out lengthy forms.