Intending to enable an improved and more seamless experience for homebuyers across the country, the State Bank of India and Shapoorji Pallonji Real Estate on Feb 25th, 2021 signed a Memorandum of Understanding.
The agreement includes numerous co-promotional activities and outreach initiatives through which the clients or customers of both the State Bank of India and Shapoorji Pallonji Real Estate will be able to make use of the benefits of
faster processing and approvals of home loans with other unique value add schemes.
The Memorandum of Understanding was signed by the head and Chief General Manager of Real Estate & Housing Business Unit (REHBU) vertical of SBI - Mr. Shreekanth, and Mr. Venkatesh Gopalkrishnan, the CEO of Shapoorji Pallonji Real Estate.
Mr. Shreekanth, CGM, REHBU, SBI said, “This collaboration with Shapoorji Pallonji Real Estate will create win-win business opportunities for all stakeholders. We sanction Home Loan in five days in all our approved projects, which is key benefit for the customers apart from complete waiver of legal and valuation charges. Our tailor-made Home Loan products, dedicated Home Loan processing centers, door-step banking services, robust feet on the street, strong networks, usages of cutting-edge technology among others, have made us the preferred choice amongst Home Loan customers. Bank will roll out Retail Loan Management System (RLMS), a technological platform providing an end-to-end solution for Home loans as early as March 2021 that will further streamline the Home Loan acquiring and processing by significantly reducing turnaround time.”
