Pennant launches Letzbank Portal to Simplify Banking

By May 12, 2016 No Comments
Letzbank is a One stop portal where consumers can search, select and apply for the bank products by leveraging a wealth of information that is made available in one place to make decision making as easy and as simple as possible..

May 12, 2016 Hyderabad – Pennant Fin Services, a group company of Pennant Technologies announced the launch of – an innovative and user friendly banking product portal with comprehensive information of the banking products from leading banks and financial companies across India.

Letzbank aims to simplify the search of the right-fit banking product be it a simple personal loan, auto loan or complicated home loan and business loan. Bringing wide variety of loan types that include Personal Loans, Home Loans, Car Loans, Business Loans, Professional Loans, Construction Equipment Loan, Education Loan, Commercial Vehicle Loan, Farm Equipment Loan, Loan against securities, Gold Loan, Loan against Property, etc., onto its platform through partnerships with leading banks and financial companies across the country enable Letzbank to offer widest possible range of products all at one place.

The portal provides all the critical information including interest, tenure, processing fee, fore-closure charges, advance part-payment, document charges, processing fee, etc., all in one place in a comparative mode to make decision making easier and quicker with minimal information from the consumer. Further to the typical bank product portals, the field staff and the back office staff make the bank’s life easier by owning the initial customer acquisition process and taking the laborious paper handling process.

Tagorji, CEO of Pennant Fin Services says “In the current era, where consumers want simple and easy options to identify the right loan product in minimal timelines, we are sure our letzbank offers the right platform by bringing the right-fit products that are being offered by wide spectrum of banks. We do not want to limit ourselves as just lead generators and we are aiming see ourselves as one stop portal for all the banking needs of the consumers especially on selecting the product and also supporting the consumer in their journey throughout the life cycle.”

Our sales and field staff across the major cities duly supported by the back-office team at our corporate office in Hyderabad enables us to achieve the economy of scale while being a trusted partner to all our partner banks.

He further says “the free to use Letzbank aims to offer right value proposition to both the consumers and banks by bridging the gap leveraging our technology leadership coming from Pennant Technologies.”

The differentiating features of Letzbank includes online document locker capability to securely store the consumer documents including identity documents and the capability to track the progress of the product for the entire life cycle will surely entice the consumer.

Rama Krishna Raju, CEO of Pennant Technologies says “The right blend of business leadership team with years of experience across Banking and Financial service companies in India and decades of proven technological leadership of Pennant paves the way to Pennant Fin Services. We are confident that our letzbank portal has the right ingredients to make the banking as simple and as easy as possible for the consumers. “

About Pennant Fin Services:
Pennant Fin Services is a group company of Pennant Technologies that was founded in 2014 with the core team having years of business experience in Banking and Financial Services sector. Pennant Fin Services aims to simplify the search and selection of the right-fit banking products via its portal

Its parent company, Pennant Technologies offers comprehensive suite of end-to-end business driven technology services and next generation software products covering all the functional areas of BFSI vertical. Pennant offers the right-fit and next generation products that address the unique requirements of banking. The suite of offerings includes Islamic Finance Factory, Cross Sell, Customer Communication Manager, Notification Manager, Retail Lending Factory, Direct Debit, Host Integrator, Utility Bill Pay, Social Media and Business Continuity.

Pennant’s suite of solutions and services encompasses Enterprise Application Integration Services, Application Services comprising Application design, development, maintenance services and Consulting services comprising IT consulting and Business Continuity Management services.

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