ZTBL initiates on-spot loan approving application for rural areas

According to ZTBL, farmers would not be required to even visit the bank for this purpose.

ZTBL initiates on-spot loan approving application for rural areas

Zarai Taraqiati Bank Limited (ZTBL) has initiated a ‘fast loan-approving application.’ The app would use an Electronic Credit Information Bureau (E-CIB) report to approve loans on the spot.

According to ZTBL, farmers would not be required to even visit the bank for this purpose. The loan would be approved no matter what the location of the applicant would be. An individual can apply for the loan from their homes or farms and get the money.

In addition to this, an on-sport biometric facility would also be provided to the applicants The ZTBL staff is equipped with the data and they would be able to verify the details. They would cross-check the details, previous record and other information rather than verifying it in the office.

This development is specifically beneficial in rural areas. The bank staff would also add the circumstatial information and the surrounding data of the crop along with the borrower.

They would also be provided with biometric tools to confirm the borrower and its details. Moreover, the staff would also be allowd to give receipts at the person’s doorstep.

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