New Digital-Lending Platform Is First To Digitise Home Loan Process, Says ICICI Bank
NDTV
ICICI Bank plans to offer other retail loans such as personal, auto, and credit cards on this platform.
ICICI Bank has launched a new digital-lending platform called 'iLens', which is developed by Tata Consultancy Services (TCS).
iLens digitises the entire lending process for borrowers, from loan application to credit disbursement.
Initially, iLens services will be offered to customers seeking to avail of housing loans from ICICI Bank, TCS said in a statement.
"We have aligned mortgage loans to 'iLens' platform making us the first to digitise the entire mortgage lending process. This brings in a significant shift in the industry, as digital journeys for home loan are available only till receiving the sanction letter," said V V Balaji, Chief Technology Officer, ICICI Bank.
