Bank of Maharashtra online lending platform for home, car loans launched

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.