Mumbai, Oct 8 (PTI) 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.

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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.

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The bank has currently waived processing fee on housing and car loans for its customers to benefit them in the ongoing festive seasons.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)