Customers can now apply online for home, car, education and personal loans from the State Bank of India (SBI).
Customers will instantly get an e-approval on filling the online form after which the bank officials will contact them to complete all the formalities, SBI Chairperson Arundhati Bhattacharya said in atatement.
The customers can also upload all necessary documents online, reducing the loan processing time.
SBI plans to launch a similar application on the mobile platform, soon.
