Syndicate Bank establishes dedicated Retail and MSME loan Centre

New Delhi, July 15 (KNN) Commercial sector institution Syndicate bank has established a dedicated centre for the Retail and MSME loans in Kharitabad region of Hyderabad. This Centre will provide facilities such as loan processing,, assessment, sanction and recovery for the retail firms as well as the Micro, Small and Medium Enterprises (MSMEs). 

The Retail and MSME Loan Centre (RMLC)  is set up in a bid to reduce the loan processing time  and also to smoothen the entire process. The Centre will act as a hub to the 67 branches of the bank.

The bank expects to expedite the loans for the MSMEs with the dedicated centre in place, enabling the small sector enterprises to approach the bank for loans without fearing the delay in the process.

The bank has also announced simplified application form in case a retail firm or MSME wants to apply for credit. The form comes along with an elaborate checklist to avoid confusions and reduce the probability of rejection of the loan requests. (KNN/ DA)