Axis Bank today said home and auto loan seekers can apply online, which would

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enable the leading lender to bring down the turnaround time in loan processing.

Upon successful submission of the online application form, a service

representative of the bank will reach out to the customer within two working days for further processing, the bank said in a statement here.

The facility is being launched in association with BankBazaar.Com.

Announcing the launch of the new interface, Axis Bank Consumer Lending Head Jairam Sridharan said, "we are confident that a web-based customer acquisition model is going to play a large role in the days to come. We are launching this to reduce the turnaround time for customers apart from offering attractive commercial terms."

The bank has 1,390 branches (including extension counters) in 921 locations and 6,270 ATMs as on March 31, 2011. It also has overseas offices in Singapore, Hong Kong, Shanghai, Dubai and Abu Dhabi.