Bank of Maharashtra Launches Digital Lending Platform for Home and Auto Loans

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Maharashtra State Bank announced on Friday that it has launched a digital lending platform for its home and auto loan clients.

The platform will allow potential personal loan applicants to obtain loans digitally through a paperless process at the convenience of their location and time of choice, the bank said in a statement.

The platform is able to validate KYC, CIBIL and applicant’s financial data and provide hassle-free in-principle approval, he said.

The main goal is to provide exceptional customer experience and premium lending through digitization, said AS Rajeev, Managing Director and CEO of Bank of Maharashtra.

The bank has currently waived processing fees on home and car loans for its customers to pass them along during the current festive seasons.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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