State Bank of India (SBI), the largest bank in India, has entered into a Tripartite memorandum of understandingn with bankbazaar.com and SBI CAP Securities Ltd to provide one more online platform for applying for SBI Home Loans.
“This partnership will help the Bank Under this arrangement, the Bank will be able to display its Home Loan Products on bankbazaar.com, generate leads and provide door-step delivery, thus improving the response time,” SBI said.
Bankbazaar.com offers end to end solutions to the Home Loan seekers from getting the customized quotes, comparison of the offers and submission of online application to SBI.
The tie up with bankbazaar.com also highlights SBI’s strategy to augment its Home Loan portfolio by leveraging digital channels and increasing its presence in the digital/online space.