Bank of Maharashtra launches digital lending platform for home, car loans

Bank Of Maharashtra Launches Digital Lending Platform For Home, Car Loans

State-owned Bank of Maharashtra on Friday said it has launched a digital lending platform for its home and car loan customers. The platform will enable prospective retail loan seekers to get loans digitally through a paperless process at the convenience of their place and time of choice, the bank said in a release.

The platform is capable of validating KYC, CIBIL, and financials of the applicant and provide in-principle approval in hassle-free manner, it said.

“The primary objective is to provide exceptional customer experience, and upscale lending through digitization,” Bank of Maharashtra Managing Director and CEO A S Rajeev said.

The bank has currently waived processing fee on housing and car loans for its customers to benefit them in the ongoing festive seasons.

Source: Economic Times

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