Public sector lender State Bank of Bikaner and Jaipur has set up online facility for providing car loans to customers at ease.

The facility named 'Instant Online Car Loan Service' was inaugurated on October 12, 2011.

The facility will allow easier and faster loan approval process for customers at a time frame of only 10 minutes.

The customer wanting a car loan now has to just visit the bank's website, www.sbbjbank.com. On applying for instant online car loan, the loan gets sanctioned in just 10 minutes if all eligibility criteria and KYC requirements are properly met by the customer.

The new facility was launched by MD of the bank, Mr Shiva Kumar.