In this time and age where the Internet is seen as the mother of all information sources, the Indian online loan marketplace is in woeful lack and has plenty of scope to make a world of difference.

Getting personalized rate quotes from multiple banks is a time consuming process and even after getting the quotes, one still needs to bargain hard to get the best deal. Also, given the complexity of loans, it is difficult to determine if one has zeroed in on the best product without reading through the fine print of the loan offers.

The need of the hour in the Indian loan marketplace is an innovative platform that will help the potential loan seeker evaluate the numerous options that are screaming for attention and choose the most ideal loan product that is compatible to his income and budget.

BankBazaar.com realised this urgent need for a website that helps loan applicants make instant but wise choices. BankBazaar.com’s core lies in its innovation that provides the best user experience. On BankBazaar.com, a loan seeker can get competing personalized loan quotes from multiple banks within 2 minutes, can compare these offers using simple tools and can apply directly to the bank.

It takes about 12 minutes to find and apply for a loan on www.BankBazaar.com as compared to hours of rushing from one bank to another bargaining for the best quotes. Also, BankBazaar.com makes it easy to compare the costs of various offers, so banks and NBFCs offer their lowest interest rates on BankBazaar.com as they are competing with each other in order to win the customer’s business.

BankBazaar.com, ‘virtually’ hand holds the applicant right to the loan, best compatible to his needs with real time loan comparisons available instantly for the picking. With the best brains in the business working behind the scenes, the company is paving the way for the much needed change.