WesBank`s new FastApp sysytem allows vehicle buyers to secure provisional loan approval within 15 seconds, when they apply through the WesBank Web site or those of its joint venture motor industry partners.
"To benefit from the technology, all people have to do is go on to the WesBank Web site and fill out an electronic loan application form for finance for a specific vehicle," says Chris de Kock, WesBank`s GM of marketing. "They will have the answer they are looking for within 10-15 seconds. Finance for the vehicle is granted - provided the information they provide on their application form is subsequently validated."
WesBank`s FastApp technology was developed in-house, using existing structures, and is intended to improve efficiency and response time.
The company says vehicle purchasers can establish their credit worthiness and purchasing capacity in private, before embarking on their vehicle search, giving them enhanced purchasing confidence.
All application processing is centralised at WesBank`s Web centre in Gauteng to ensure that personal service delivery is consistent regardless of when or where the initial contact is made.
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