Government-owned lender State Bank of India (SBI)
launched Online Customer Acquisition Solution (OCAS), an online platform to
apply for housing loans, car loans, education loans and personal loans.
The application will help the customers gauge
their eligibility and get a quote personalised to their requirement. The SBI
customer will instantly get an e-approval on filling the online form.
Thereafter, the Bank officials will contact the customer and complete all the
loan formalities,” SBI said in a statement.
The bank Customers can even upload all necessary
documents online, reducing the processing time of their loan. A similar
application will shortly also be launched on the mobile platform as well.
“India is witnessing one of the highest growth
rates of internet users and to cater to this segment SBI has customised this
platform for an enhanced customer experience,” the statement added.
SBI has been going aggressive on its technology
platform, in an attempt to change the way public sector banking is viewed.
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