State Bank of India (SBI), the largest public sector lender, launched Online Customer Acquisition Solution (OCAS), an online platform to apply for Home Loans, Car Loans, Education Loans and Personal Loans.

The application launched by Arundhati Bhattacharya, Chairman, SBI will help the customers gauge their eligibility and get a quote personalized to their requirement.

The customer will instantly get an e-approval on filling the online form. Thereafter, the Bank officials will contact the customer and complete all the loan formalities. Customers can even upload all necessary documents online. This will help in empowering the customer and also reduce the processing time of their loan. A similar application will shortly also be launched on the mobile platform as well.

Shares of the bank gained Rs 0.65, or 0.23%, to settle at Rs 278.15. The total volume of shares traded was 1,683,864 at the BSE (Friday).