Answer: HDFC
Notes: HDFC launched a ‘Spot Offer’ on WhatsApp, to provide in-principle home loan approval to home buyers within two minutes. The platform, which has been built by HDFC and Cogno AI, will offer a conditional home loan approval. Over 91% of new loan applications received by HDFC are through digital channels. In the new facility provided to salaried resident Indians, there is no waiting time for the approval letter.
