What is it?
It’s an online financial marketplace, called www.bankbazaar.com, which individuals can visit for home loans and personal loans.
What’s so special about it?
It’s the first and, according to its promoters, the world’s only online marketplace where you can get instant, and best, quotes from India’s top banks, compare offers and apply online for loans, at no cost.
Are there any other advantages?
The CEO of bankbazaar.com claims that the site gives you the complete break-up of all charges and interests that the bank will charge upfront—something, he says, most banks and DSAs don’t disclose unless you know the right questions to ask.
Which banks or NBFCs can you reach through this site?
It has been launched in partnership with HDFC Bank, ING Vysya, Deutsche Bank, ABN AMRO, Kotak Mahindra Bank and Reliance Consumer Finance.
Is it any good?
Be your own judge and check out if the home loan rate you get on this site is better than what you get from same bank’s branch near your home.