Chennai, India (PressExposure) June 23, 2014 -- To grab more market share in the overall loan marketplace industry, BankBazaar has integrated with two new financial institutes in the month of June, 2014. These loan providers are Tata Capital Limited and Dewan Housing Finance Limited (DHFL), which is the second Housing Finance Company to be established in the country in 1984. Tata Capital Limited, a subsidiary of Tata Sons Limited, will provide only Personal Loans and Home Loans to BankBazaar.com customers. Currently 10 leading Banks and financial institutions of India are integrated electronically with unique and neutral online personal finance technology and service provider. After these new tie ups, it will be advantageous for Loan seekers to connect to BankBazaar.com as more options will be available with relevant information to compare and take well informed decisions.
BankBazaar provides technology for online loan processing to these partners i.e. the backend of online application platform is powered by BankBazaar. Customers interested in the integrated financial institute's offer can directly apply online for loan through BankBazaar website. This will be beneficial for both the applicants as well as for the lenders. Applicants can apply for loans online avoiding long waiting hours and long queues. Bank/financial institute representatives together with BankBazaar's customer support officers will handle their request throughout the loan disbursal process. But the most important benefit is that all these services are at no cost to the customers. Financial institute's benefit is elevated too as they get world class services for their customers resulting in higher customer satisfaction and high disbursal ratio.
"BankBazaar.com is very aggressive in its business at present. With its track-record in personal finance technology and high value services, these tie ups will be another step forward towards spreading confidence about online loan applications. We are happy to announce the integration of Tata Capital and DHFL with BankBazaar.com and welcome these financial institute to BankBazaar family. We, at BankBazaar, always strive to provide hassle free loan process to our customers and in turn save their time and money. These new integrations will enable us to provide more loan options to our customers for better decision making. " - said Mr. Adhil Shetty - Founder and CEO BankBazaar.com.
With the conventional offline loan applications, selecting the right loan product is always a complex and time consuming process for loan seekers. Platforms like BankBazaar.com empower people to compare personal finance products based on various eligibility parameters, so as to know which product is best suited for their requirement.
BankBazaar.com, founded in 2008, is the world's first neutral online marketplace that gives you customized rate quotes and instant e-approvals on personal finance products. You can instantly search for, compare and apply for loans, credit cards and insurance products on the site.