BankBazaar – comparison shopping for loans
BankBazaar is another another online loan comparison engine for the Indian market. Users can apply for personal and home loans and lenders compete to earn your business and provide you a loan. Within minutes of filling your application, you are presented with offers from various lenders, alongwith what each lender is offering, including a breakup of repayment info.
There are already several players in this market like ApnaLoan, Deals4loans etc. However, unlike its competitors, BankBazaar doesnt redirect you to a sales agent and instead provides you the results instantaneously. The other players mainly act as simply a lead generator for various banks, where your loan request is forwarded to various banks, and then a bank rep contacts you for details. Instead, using BankBazaar, you are contacted by a bank rep only during the final stage, when you’ve made up your decision of which loan offer you’re gonna go with.
The site seems to have focused well on the user experience and with the current ecnomic scenario, might see a surge of folks looking for loan offers.
Similar Posts
- Startup Idea for Indian entrepreneurs
- CATindiaOnline – Online CAT testing with some cool analytics
- Rhydhun – the killer service for Indian music
Comments
6 Responses to “BankBazaar – comparison shopping for loans”
Leave a Reply
Recent Comments
- Selva on EduCell is a startup by IITians for aspiring IITians
- Rajat on MeraMaal – classifieds site for Indian cities
- Ruchir Gupta (Educell Team Member) on EduCell is a startup by IITians for aspiring IITians
- Aanchal on MeraMaal – classifieds site for Indian cities
- analyst on MeraMaal – classifieds site for Indian cities
Recent Posts
Categories
Archives
Most Popular Posts
* Herd mentality and Indian startups* Comparison of payment gateways in India
* Economic Times launches Power of Ideas to promote entrepreneurship
* Comparison of online travel portals in India
* Bangalore gets residential WiMAX from Reliance, enterprise WiMAX from VSNL
* Comparison of online travel portals in India - few observations
* IndyaRocks really rocks
* Web hosting reviews for India
* Entrepreneurship in India - hype or happening ?
* What is your biggest fear about becoming an entrepreneur ?
Wow. That’s great news!
Thats awesome news. Now I can get my home loan easily.
Who’s taking loan’s nowadays in these economic turmoil??? But the site is designed very well. Only glitch is that the information captured in step-I should be automatically preserved if i change from home loan to personal loan or in future to car loan instead of re-entering everything all over again….
expect the site to really shine if banks decrease their interest rates atleast by 3-4 %, then there will be many takers and many comparers…
its difficult times….. with loans so expensive…. bad timing for the website.
There is another comparison shopping site and books search engine
http://www.oxyshopping.com
I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.