State Bank of India (SBI), the India's Largest
Lender, on July 2015 launched an
initiative to expedite its housing loan application process and provide
doorstep services.
The initiative, known as 'Project Tatkal',
will help get the loan within ten days after receipt of the application form
and relevant supporting documents, the bank said in a release.
"It will bring down the average time taken
for delivery of home loan to within 10 days from the date of receipt of
completed home loan application form and relevant supporting documents from the
customer," it said.
The implementation will be done at large centres
with sizable home loan business.
The bank has also recently introduced an online
customer acquisition solution (OCAS) for instant e-approval of home loan
applications.
The bank has over 30 lakh housing loan customers
with a portfolio of over Rs. 16,60,000 crore.
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