6 Mins March 25, 2022
Thanks to digital technology, banking is now largely viewed as a one-stop shop for almost all the major needs of a customer. From getting groceries home to purchasing your home, a bank’s digital platform is expected to now offer an end-to-end
recipe today. In fact, one of the latest buzzwords in banking today is "marketplace banking."
Consumer expectations, too, seem to be changing in tandem with the way banking technology is evolving. And Axis Bank’s 24x7 Two Wheeler Loans—now
Dil Se Open for all New to Bank (NTB) customers is an answer to this evolving world. Multiple advancements in its digital foothold over time have now empowered the bank to dish out innovative products.
Unique feature of 24x7 Two Wheeler Loans
Axis Bank’s 24x7 Two Wheeler Loans for NTB customers go beyond merely banking (loan application/approval). It is a one-stop shop for any customer who is looking to buy a two-wheeler. This omnichannel proposition seamlessly connects the four
most important pillars of a two-wheeler loan application journey – the front end (customer), credit (automated real-time credit functions),
operations (loan processing) and partners (dealers).
System will intelligently select the most suitable credit option for decision making. Customer can also, now, avail additional amount in real time by providing house ownership proof while availing loan. All this is made possible with our real
time income assessment with frameworks like account aggregator, Net Banking fetch etc.
More than just financial assistance
With the help of this process, customers, apart from getting their loans approved, are also able to choose the model and preferred dealer for their vehicle. The bank also supports the customer in getting the vehicle at a mutually agreed price
with up to 100% on road funding
The 24x7 Two Wheeler Loans is a lot more than a mere value proposition. It offers a secure and quick transaction that brings down error rates substantially. This ensures that the loan approval time is considerably reduced and that the entire process
is a breeze for the loan seeker. Of course, this is provided all the KYC, credit and regulatory requirements are intact.
[Also Read: Checklist for Buying Your Dream Vehicle This Festive Season]
Digital framework plus physical support
- The new 24x7 Two Wheeler Loans process is backed up by a robust digital framework which enables the back-end tech to approve the loan almost instantly like real time income assessment. The backend process tries to understand every customer
differently. While offering the utmost security to the customer’s confidentiality, it also remembers to remind the customer in case he decides to fall off owing to an unforeseen engagement.
- The automated customer connect facility onboards the customer on its priority list, tries to re-establish the lost bridge, helps to restart the journey from the same point of disconnect, and then handholds the customer to complete the application
The seamless and end-to-end digital process makes 24x7 Two Wheeler Loans easy to apply for both new and existing customers. Apply for the loan from the comfort of your home and get it sanctioned in no time with a few clicks.
Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.