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MagicBricks Ties Up With 13 Top Lenders To Offer Home Loan Service


On Wednesday, MagicBricks, a portal for hunting a relevant property said that ahead of the festivities the company has also forayed into home loan service. The portal has partnered with 13 leading financiers of the country. As part of the various services, the company would offer potential property buyers will be able to compare home loan rates as well as will gain access to both offline and online assistance at the time of making a home loan application.

MagicBricks Ties Up With 13 Top Lenders To Offer Home Loan Service

The company's other loan offering includes loan against property as well as balance transfers from companies such as SBI, PNB HFL, HDFC LTD, ICICI Bank, Bank Of Baroda, Cholamandalam, Hero Fincorp, Sundaram Home Finance LTD, L&T Housing Finance LTD, IIFL, IDFC First, Bajaj Finserv and Federal Bank.

How To Apply For Loan On Magicbrick's portal?

One can make an application on the portal in next few weeks and through some novel tools and expert advisory services, consumers will be able to make better decisions. On the basis of the form filled, the company's associates will reach to out to potential customers and help them with most basic of services such as doorstep picking of relevant documents and submitting the same with the banks among others.

Also, homebuyers can avail of pre-approved home loan offers. "With interest rates now at an all-time low our Home Loans service will help home buyers simplify this complex process and manage budgets smartly. We will be adding more services to our Property Services marketplace as we move ahead in our journey of becoming India's first full-stack service provider in the real estate space," he further added.

"Through Magicbricks' home loan borrowers can use calculators for EMI calculations, check eligibility, balance transfer, and also get access to key FAQs and articles to understand the nuances of the loan process. The service also allows loan seekers to view and compare the rates and offers that are available for their loan type, along with the benefits and the eligibility criteria across all banks," the company added.

Read more about: home loan loan against property
Story first published: Thursday, October 15, 2020, 8:12 [IST]
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