An online platform of customized solutions for unique home loan requirements
New Delhi,16th March 2015: 99acres.com, India’s largest onlinereal estate portal, has launched a home loans platform in partnership with Info Edge’s investee company- Paisabazaar.com, a PolicyBazaar venture. This will make 99acres.com a single destination for both finding homes and financing it. The platformwill helphome seekers find a home loan that is customized to finance their purchases with the widest choice in terms of number of home loans partners.
The platformcurrently has 12 major banks and financial institutions as partners, including State Bank of India, Axis Bank, ICICI Bank, HDFC, India Bulls, DHFL, PNB Housing, IDBI Bank, Bajaj Finserv, Dhanlakshmi Bank, Kotak Mahindra Bank and Reliance Finance.More institutions will be added to this list in the coming months.
Not only does the newly launched platform provide a wide range of choices to customers,it empowers the customers to avail customized offers from multiple loan providers based on their requirements and eligibility.The customers will have the choice of comparing and analyzing home loans based on rate of interest, processing fees, sanction time and other key parameters across providers.
In addition to this, theywill get free assistance throughout the process of procuring a home loan – this assistance will be provided by Paisabazaar’s well-trained servicing team that catersto consumers across 150 cities in India.The platform has established a 24×7 helpline along with a dedicated home loan expert team to answer all queries.
Speaking on the occasion, Mr.NarasimhaJayakumar, Chief Business Officer, 99acres.com said, “Property search and home financing are intimately connected. We have seen two types of property buyers – first who look for a home loan as soon as they decide to buy a property; second who first scout for a home loan and then look for a property based on the loan that gets approved. Our partnership with Paisabazaar.com will cater to both the types of buyers. We are striving to intertwine the search for property and home loan into our overall research experience on 99acres.com.”
Speaking on the partnership with 99acres.com, Mr. Naveen Kukreja, Group CMO & MD, Paisabazaar.com said, “We are excited to partner with 99acres.com and feel that this partnership will enhance value proposition for potential home buyers who are looking at one-stop shop destination for their housing needs. Through this association with 99acres, we want to reduce the typical anxiety that a home buyer goes through to finance the property.”
The home loan option is available on 99acres.com.On selecting the option the consumer will be directed to a loanrequirements page. The applicantwill then specify his/her requirements and proceed to view and compare the loan offers available by different banks and financial institutions. Once the consumer chooses an offer, it is shared with the bank/ financial institution.The Paisabazaar team will provide all necessary assistance in the documentation and application process.
Launched by Info Edge, in September 2005, 99acres.com is a gateway to the one of the fastest growing property markets of the world, an information ‘exchange’ for buying, renting and selling of all types of residential and commercial properties anywhere in India. The website enables easy access to a huge property bank and allows direct connect with brokers/builders in cities as well as remote parts of the country. With over 6 million visitors visiting the website every month looking for real estate solutions, 99acres.com regularly enjoys the highest traffic share, time spent on site and maximum page views, making it the most popular real estate portal in the country. Backed by a strong team and a network across 17 cities in India, 99acres.com has garnered faith and support of the real estate community in India within a very short time span.
PaisaBazaar – a PolicyBazaar.com venture – is India’s largest online destination for home loans, personal loans, education loans, credit cards, and other financial products. Since its inception in early 2014, the company has marked a staggering growth and now has over 7.5 million visitors coming to its website each year.
Policybazaar.com, the flagship brand of the group, is the destination site for online insurance in India and hosts over 30 million visitors each year. The group is funded and backed by Intel Capital, Inventus Capital Partners, Tiger Global, Naukri, &Ribbit Capital.
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