HBL, has made history by disbursing personal loans of over Rs 1 billion through its mobile app. The bank managed to make this happen within five months of launching this digital service, becoming the first commercial bank in Pakistan to offer its highly successful instant personal loan through HBL Mobile.
The online process enables customers to select and apply for a personal loan, of up to PKR 500,000, with just a few taps on their mobile phone. Customers can also avail the service by simply logging in to their HBL Mobile and applying through the loan option in the menu bar.
It is reported that the loan is credited instantly into their account without visiting any branch or submitting any physical documents. However, the service is only available to a select group of customers across Pakistan exclusively through HBL Mobile.
Aamir Kureshi, Head Global Consumer Banking at HBL speaking on the occasion said, “HBL launched instant personal loans via the HBL Mobile app in October 2018 and within months we have disbursed over PKR 1 billion worth of loans to thousands of our customers. The entire process is digital where loans are approved within hours of customer request and disbursed instantly. HBL continuously strives to enhance customer experience and this achievement is an example of how well our customers have received this revolutionary product which makes their life simpler”