Showing posts with label eForms. Show all posts
Showing posts with label eForms. Show all posts

Wednesday, December 8, 2010

eForms speed approval even when physical documents are needed

Malaysia's Housing Loan Division is embarking on a 'eForms' project to take applications online. They estimate it will reduce approval time from 14 days to 2 hours. However, physical documents will still be needed:

"although the application was made full on-line, the borrowers were required to submit physical documents such as salary slip, employers' endorsement, sale and purchase agreement and other relevant documents"

Good to see a government agency automating their processes AND using a 'approval with conditions' to speed up the loan approval process. I find it surprising that more private business are not doing the same.

Source: bernama.com