Karnataka Vikas Grameena Bank opens Retail Loan Processing Cell

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Karnataka Vikas Grameen Bank (KVGB) inaugurated the Retail Loan Processing Cell (RLPC) in Dharwad on Wednesday.

Inaugurating the cell, Shrikant M Bhandiwad, Chairman of the Bank, said the RLPC will cater to the needs of the city branches in Dharwad district in processing and sanctioning retail loan products such as housing loans, mortgage loans, vehicle loans and education loans.

The branches collect the required documents and send them to this center for processing and prompt penalties. RLPC will speed up the appraisal, sanctioning, and retail loan disbursement process, and will significantly reduce response time.

He said that the bank plans to establish a greater number of limited liability companies in its area of ​​operations in the coming days.

Noting that the interest rate on the bank’s retail loan products is very competitive, Bhandiwad asked the general public to avail themselves of the bank’s products.