HDFC Bank teams up with Pennant to offer quicker loan processing

HDFC will be able to quickly launch new loan products, amongst others.

India’s HDFC Bank has implemented Pennant Technologies’ pennApps Lending Factory (PLF) platform to offer quicker loan processing.

Through the new system, HDFC Bank will be able to quickly launch new loan products, offer repayment flexibility, and tailor loan servicing.

It is expected to streamline HDFC Bank’s loan lifecycle, from origination through servicing.

HDFC Bank is India’s largest private sector bank.