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HDFC Bank to offer 10-second loan nod

HDFC Bank will offer personal loans disbursed in 10 seconds through net banking, in three weeks as it expands its market share, according to a published report.

The offer is only for existing customers of HDFC Bank, and will be available 24 hours a day. Customers will need to fill an online form and will be directed for a one-time password as additional security.

The report said the offer would be the world’s fastest loan disbursal; M Bank in Poland offers disbursals in 30 seconds.