New and improved home loan process at SBI
Posted on: 04/Jul/2015 11:25:58 AM
The State Bank of India (SBI) has released a press statement stating that a new initiative to make the home loan process simpler has been launched. ‘Project Tatkal’ was launched on July 3rd.
According to the statement, ‘Project Tatkal’ will process relevant documents supporting the request for home loans in 10 days from the time of receipt of application for the same. This initiative will be done in the Bank’s larger branches which have a large home loan business. Total home loan business for SBI amounts to Rs. 16,60,000 crores with over three million customers. Online Customer Acquisition Solution (OCAS) was also recently launched by SBI. With this service, customers can avail instantly approved home loans.
"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," the release said.
State Bank of India is the country’s largest lender.
