Get Yes Bank loan in seconds! Digital ‘Loan against Securities' launched

Yes Bank on Monday launched digital ‘Loan against Securities’ scheme, a unique solution enabling customers to mark their mutual funds digitally and avail quick and hassle-free loans.

This digital solution has been launched under YES BANK’s ‘Loan in Seconds’ platform, allowing customers to set an instant credit limit against securities held. Photo: Reuters

Yes Bank on Monday launched digital ‘Loan against Securities’ scheme, a unique solution enabling customers to mark their mutual funds digitally and avail quick and hassle-free loans. This digital solution has been launched under YES BANK’s ‘Loan in Seconds’ platform, allowing customers to set an instant credit limit against securities held. Customers can now avail a loan digitally without any additional documentation from the safety and comfort of their homes.

Speaking on the launch, Rajan Pental, Global Head – Retail Banking, YES BANK said, “This launch is a testament to YES BANK’s digital innovation and technology capabilities, aimed at offering convenient, fast and easy-to-use solutions and products to customers. This solution provides a differentiated banking experience to customers as the limit is set-up instantly in a completely paperless and hassle-free manner. We are pleased to be the first Bank to partner with KFin Technologies to provide a completely digital loan against mutual funds to our customers.”

Sreekanth Nadella, CEO, KFin Technologies, said, “It gives us immense pleasure to partner with YES BANK and provide a unique experience to customers by providing instant loan against Mutual Funds. This is a truly digital offering without any paperwork. Customer convenience has always been the core of our organisation and this digital offering is another step in that direction. We look forward to a long and mutually beneficial relationship with YES BANK.”