Tab capital has launched a 10 minutes 2 wheeler loan disbursal product

Pune based online lending platform TAB Capital, has launched a “Two-WheelerLoan" product that can be approved in just 10 minutes mainly aimed at wooing youngsters.

In a statement to the media the company said that the initiative will use biometric technology, linked with a customer’s Aadhar details and finger print, to approve loans in just 10 minutes. The customer details will be obtained immediately, authenticating the customer profile thereafter. If the customer is eligible for the loan, he must provide minimal documentation, resulting in an instant loan disbursal.

“Our responsiveness to changes and potential challenges in future keeps us ideating new solutions. Adhering to the same, our two-wheeler loans have been designed keeping in mind our customer’s quick financial requirements”, says CA Abhay Bhutada, founder of TAB Capital.