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Our Bureau

Kolkata, May 26

SBI-MUL Online Application, the online facility for processing of car loan applications on real time basis, was launched here on Saturday. The new initiative envisages online connectivity between the Retail Assets Central Processing Centre of State Bank of India and major dealers of Maruti Udyog Ltd for instant transmission of car loan application details from the dealers to the processing centre. With this facility in place, it should be possible to complete the entire process of sanction and disbursement of loans within a maximum period of 48 hours, according to a statement issued by the bank.

More Stories on : Consumer Finance | Cars | State Bank of India | Maruti Udyog Ltd

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