HDFC Bank to sell loans to non-customers through ATMs

HDFC Bank is selling Loans to non –customers through ATMs.

HDFC bank is using its ATM network to clutch new customers by extending its branch services through ATMs.

• Nearly 15% of new personal loans are approved and distributed by the banks without human involvement these are done using online computer system.
• The payment through ATMs is a new challenge for the bank.
• HDFC is providing every kind of loans excluding home loans only.