Question

Which bank has launched a digital solution, "Loan in Seconds" for instant disbursement of retail loans?

• A. HDFC Bank
• B. SBI Bank
• C. YES Bank
• D. ICICI Bank

Hint:

Always link the name of a banking product to its branding — “Loan in Seconds” is directly tied to YES Bank.

Answer 1

The Correct Option is C

Step 1: "Loan in Seconds" is a digital banking initiative designed to provide instant approval and disbursement of retail loans using online platforms and mobile banking apps.
Step 2: This service uses pre-approved customer data, credit history, and AI-based processing to eliminate the need for lengthy documentation and manual verification.
Step 3: YES Bank introduced this service to enhance customer convenience, particularly for personal loans, consumer durables, and other retail financial products.
Step 4: The service reflects the growing trend of digital transformation in the banking sector, enabling faster and paperless loan processing.
Step 5: Other options:
- HDFC Bank and ICICI Bank also have instant loan services but under different brand names.
- SBI Bank has quick loan schemes but does not use the "Loan in Seconds" branding.
Thus, the correct answer is $\mathbfYES\ Bank$.