Tata Capital launches instant digital sanctions for commercial vehicle loans.
Abonty Banerjee, COO of Digital & Marketing at Tata Capital’s words
“This is in line with our strategy of constantly providing innovative digital products and making the customer journey frictionless and simple.”
Justification
Tata Capital Ltd (TCL), the financial branch of Tata Group, introduced instant digital onboarding for commercial vehicle loans, streamlining the loan approval process.
The company has joined forces with major Original Equipment Manufacturers OEMs to offer customers a broad selection of new commercial vehicles.
The relationship managers of TCL will assist customers.
It will use Vahan APIs for direct customer data retrieval. & will streamline the underwriting process with a scorecard.
Minimal documentation is required & customers will receive loan sanction letters within minutes.
The new digital sanction is an industry-first initiative, adding to the existing bouquet of offerings specially tailored for SME customers.
