ICICI Bank's new offer: Get a personal loan through ATM in three steps

Pre-selected salaried customers can get up to Rs 15 lakh; No offline interaction needed for approval

India’s largest private sector lender, ICICI Bank, will now offer personal loans of up to Rs 15 lakh to its pre-selected salaried customers through its ATMs.  

After completing transactions such as cash withdrawal or checking balance, the customer will be asked if he needs a personal loan. Multiple loan amounts will be shown based on his eligibility. Next, the ATM will display interest rate, processing fee and EMI (equated monthly installment) amount. Finally, customer will have to give his consent for the terms and conditions of the loan and enter his debit card PIN to complete the transaction. Subsequently,