BankBazaar Goes Paperless! Get Loans In A Day

By | September 13, 2016

BankBazaar Goes Paperless! Get Loans In A Day

Yes, we have gone paperless! No more coping with truckloads of documents or long periods of waiting after you apply for a Personal Loan or a Car Loan with us. It’s all online now without the need to physically submit documents. Just apply for a loan on our website, digitally submit your documents online and have your loan approved by the chosen bank in just a day. Yes, a day. It’s as simple as that!

It’s as quick and simple as borrowing money from a friend. You get your money right when you need it. Isn’t that the purpose of a loan, anyway?

Want to know more? Here’s what our Chief Executive, Adhil Shetty, has to say about BankBazaar going paperless.

“We are happy to present BankBazaar Paperless stack, the world’s first multi-brand, and paperless e-KYC platform for instant loan approval. We, along with our partners, have been working towards this moment where we take the loan application process completely online and paperless. Today, BankBazaar is the only platform that provides customers with instant approval from multiple brands at the fastest speed.”

Our paperless stack initiative is designed to fast track your Personal Loan and Car Loan applications as it allows you to upload your bank statements through net banking. This makes the documentation process completely paperless and pulls down the loan sanction time to as little as one business day. Getting a loan just got cooler.

Our investors are thrilled too. This is what they had to say about the launch.

Gautam Mago, Managing Director, Sequoia Capital India Advisors Pvt. Ltd. says, “This launch is yet another proof of the world-class technology BankBazaar is developing. It is not only pioneering but also adaptable and globally scalable. We are delighted that the company has brought about a number of technology breakthroughs in the Indian financial services industry.”

The launch of paperless platform for loans is a great example of how the management is focused on building strong technologies for the long term. This product is a first in India. BankBazaar is well poised to launch a single-destination digital platform that will cater to its customer’s needs for a range of all financial services”, says Abhijeet Muzumdar, Head of Corporate Development, Amazon India.

“BankBazaar’s Paperless stack technology will greatly improve the customer’s online journey when applying for a loan. The initiative is in line with Tata Capital’s own vision of going digital. Tata Capital has been focusing on optimising its digital processes, and this technology through our partnership with BankBazaar, will be a boost to this endeavour,” says Veetika Deoras, COO – Digital Vertical, Tata Capital.

How are we celebrating this amazing feat? Well, we are going to celebrate Going Paperless with all the fanfare we can muster and we are super excited to make you a part of it. To this end, we unveiled a flash sale on 8th September which will last until 5th October, 2016. The sale covers Personal Loan and Car Loan products exclusively from our Go Paperless partner banks. Who are our partners? Tata Capital and IndusInd Bank, to name a few. Check our website for more details. This is not all. You also get Goibibo goCash worth Rs. 5,000 on the successful disbursal of your loan.

So don’t delay anymore. Check out our flash sale today and get your loan sans a pile of paper.

Long live the trees.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.

4 thoughts on “BankBazaar Goes Paperless! Get Loans In A Day

  1. Rohit

    How are you fetching the bank statement when I have two accounts mapped to same customer id in net banking. I entered my HDFC credentials to fetch statement but did not get any option to select an account. which of the accounts’ statement got uploaded?

    1. Team BankBazaar

      Hi Rohit, Please get in touch with our customer care where the process will be explained to you. You can contact our customer care on +91 44 66511800 (Monday-Saturday from 9AM to 6PM) or send us a WhatsApp message on +91 98848 08231. We are always happy to help you.

  2. Sourav Bagchi

    I was approached by your executive on chat and she convinced me to enter my HDFC net banking credentials in your system on 19th Jan 2017. After entering the credentials only and submitting without any account number I received an email saying that my statement has been successfully uploaded and i will receive an update in 24 hours. Today is 23rd Jan 2017 and I have neither received any update nor call. I have followed up with 2 emails but no response. I am now wondering whether it is a fraudulent activity. Can someone get back to me at the earliest before I start spreading the word around???

    1. Team BankBazaar

      Hi Sourav, We’re sorry to hear about this. We believe that you have been contacted by our Customer Service and your issue has been resolved. If you have any further queries, please feel free to contact our customer care on +91 44 66511800 (Monday-Saturday from 9AM to 6PM) or send us a WhatsApp message on +91 98848 08231. You can also email us at We’ll help you out for sure. Cheers, Team BankBazaar


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