IDBI Bank digitises loan processing system

To ensure standardisation in processing/sanction and disbursements of these loans

Public sector lender IDBI Bank has digitised the loan processing system for the retail loans such as education loans, personal loans and auto loans.

Earlier, the online loan processing fee was available for home loans and loan against property.

The bank believes that the process of digitisation will ensure standardisation in processing/sanction and disbursements of these loans.

Moreover, with the process being online the turnaround time for these loans will also be reduced.