Is online loan market advantageous?
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.
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