KOCHI:
Federal Bank rolls out the first digital car loan, BYOM Car. Without making a single visit to the Bank branch, customers can avail themselves a car loan through this online platform. A Customer can now select t
he car online, decide the dealer, decide the loan amount, get the loan sanctioned online and take delivery of the car directly from the dealer.
This product is launched under the Digital initiative of the Bank, ‘BYOM’ (Be Your Own Master). In the first phase, the facility is made available to pre-approved customers of the Bank at Ernakulam and Mumbai. Online Car loan is second in the series of digital offering from the Bank under BYOM, the earlier one being Fed-E- Credit, which is an online loan against deposit.
“We at Federal Bank are committed to deliver unmatched experience to our customers through our host of digital products and seamless processes, and BYOM is a significant step in this direction. As there is no need to visit the branch to avail a car loan, BYOM Car is sure to excite our customers. We will be extending this facility Pan India soon. The Bank will also be launching its paper less Online Personal loans shortly” said Babu K A, Head – Digital Banking.
more recommended stories
KSUM to Facilitate Business for StartupsTHIRUVANANTHAPURAM:Kerala Startup Mission (KSUM) has invited.
Greenply Introduces India’s First 20-Year Warranty on 710 HDMR HDF BoardsMUMBAI:Greenply Industries Limited has introduced India’s.
Airtel Launches Priority Postpaid – delivering Superior Network ExperienceTHIRUVANANTHAPURAM:Bharti Airtel today announced the launch.
Key Trends Driving Increased Credit Cards Usage in IndiaNEW DELHI:India’s consumption landscape is evolving.
KTM Calls for Comprehensive Development of Tourism SectorKOCHI:Welcoming the installation of the new.
Motorola Launches “moto g37” and “moto g37 POWER”NEW DELHI:Motorola, a global leader in.
Tata AIA Life Insurance Declares Its Highest-Ever Bonus of ₹2,173 CroreKOCHI:Tata AIA Life Insurance, one of.
Frost & Sullivan Awards Tata Technologies 2026 Company of the YearPUNE:Tata Technologies Limited (BSE: 544028, NSE:.
AU Small Finance Bank Concludes 500+ Hyperlocal Community ActivationsMUMBAI:AU Small Finance Bank (AU SFB),.
JSW Centre of Excellence in Smart Grid and Automation Launched at MSRITBENGALURU:The JSW Centre of Excellence (CoE).
Leave a Comment