Mumbai, Sep 12 (UNI) BankBazaar.com, India’s leading financial marketplace, has launched the world’s first multi-brand, paperless e-KYC platform for instant loan approval. This eliminates the need for physical document submission for loan approvals through the company’s online platform. Currently launched for personal loans and car loans, customers can now choose Instant Approval products with one business day approval from different lenders. Speaking about the launch, Adhil Shetty, CEO, BankBazaar.com said, '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. This is the first step in moving away from paper-based documentation to a more inclusive, convenient digital setup. This pioneering step promises to increase customer satisfaction and decrease operational costs for the banks.'Shetty added. BankBazaar has the widest range of financial products under its umbrella from over 50+ of the biggest public and private sector banks and NBFCs in India. It gets an average of 7,000,000 visitors per month. The company raised USD 80M through its funding from investors like Amazon, Fidelity Growth Partners, Mousse Partners, Sequoia India and Walden International. UNI JS SM1620