Pune, July 15: State of Bank of India tied up with an online portal Bankbazar.com to provide one more online platform for applying SBI Home loans.
India’s largest bank State Bank of India (SBI) has entered into a tripartite memorandum of understanding (MOU) with the support of online financial product aggregator bankbazar.com and bank’s subsidiary SBI CAP Securities Ltd (SSL) to provided online platform to apply for SBI Home loans.
SBI officials said that, “this partnership will help the bank to provide more details about SBI home loans through online platform. With this online portal home loan borrowers can apply for SBI Home loans online. Under this agreement bank will provide details of home loan products, generate leads and provide door-step delivery which improves responding time”.
Online portal Bankbazar.com offers end to end solutions to the home loan borrowers along with modified quotes, comparison offers. Borrowers can send online application to SBI for home load. The tie up with online portal bankbazar.com will also highlights SBI’s policies which expand its home loan portfolio with the power of digital channels and also increase its presence in online or digital space.
Chief General Manager of Real Estate & Housing Business Unit of SBI, Adhil Shetty who is a Managing Director and Chief Executive Officer of bankbazaar.com and Mani Palvesan, Managing Director of SBICAP Securities Ltd. and J. Lakshmi were presented in the occasion of tie up.