BUSINESS

RHB PARTNERS FINOLOGY TO DEVELOP ONLINE APPROVAL OF MORTGAGE APPLICATIONS

10/08/2020 01:21 PM

KUALA LUMPUR, Aug 10 – RHB Banking Group (RHB) is partnering with Finology Sdn.Bhd to enable instant online approval for mortgage loan applications through Loanplus.

RHB head of group retail banking Rakesh Kaul said with Loanplus, RHB could speed up pre-approval mortgage and the processing times in real estate purchase transactions, while empowering homeowners across digital channels within the RHB Homeowners Ecosystem

“The collaboration with Finology allows RHB to enhance the customisation and personalisation of services to the customers, and offer them added flexibility, especially in light of social distancing requirements due to the COVID-19 pandemic,” he added.

In a statement today, he said about 6,400 applications for mortgages, lodged for the first six months ended 30 June 2020, were received from RHB MyHome App with more than RM700 million worth of mortgage applications approved and accepted by close to 1,700 applicants.

Besides the end-to-end mortgage application solution, the MyHome website of RHB links homeowners on a single forum with leading service providers, providing unique products and exclusive incentives for various stages of homeownership.

-- BERNAMA

 

 


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