Siddhartha Bank Launches Online Application for Share-Backed Loans
Siddhartha Bank Limited (SBL) has introduced an online application facility for loans against shares, allowing customers to apply for financing through its BankSmart XP mobile banking app and access loans of up to 70% of the assessed value of pledged shares.
Siddhartha Bank Limited (SBL) has launched an online application service for loans against shares to make it easier and faster for customers to meet their financial needs. Through this facility, customers can apply for loans by pledging their shares as collateral using the bank’s mobile banking application, BankSmart XP. To apply, customers need to navigate to Easy Loan > Loan Services > Loan Against Share in the app. According to the bank, customers can obtain loans of up to 70% of the assessed value of their pledged shares. The facility is expected to help customers access funds for both personal and business purposes. The service is available through all Siddhartha Bank branches. For further information and assistance, customers can contact Siddhartha Care, the bank’s 24-hour customer service centre.