Federal Bank has launched Digital Personal Loans which will facilitate customers to avail personal loans immediately without going through the hassles of paper work. This facility neither requires the customer to visit the branch nor does he have to put his manual signature on any document. The facility can be accessed round the clock.
Digital personal loans comes as third in the series of BYOM (Be Your Own Master) digital retail loans the bank has rolled out, previous offerings being digital car loans and loan against term deposit.