Indian Bank is all set to organise an all-India mega loan mela on September 17 and 18 for home, plot, vehicle, mortgage, MSME and Mudra financing. The loan mela will cover all the 2,200 branches of the bank.
In addition, special camps have been arranged at various places. Hitherto, such melas were held at specific locations and different dates. Lawyers and valuers will also participate in the mela to check the documents and provide valuations.
On the spot loan sanction will be provided at the mela, and the entire process will be closed in two-three days as against the usual norm of around a week.