Indiabulls Housing ties up with Paisabazaar for e-Home Loans

Indiabulls Housing Finance Ltd. (IBHFL) has entered into a strategic partnership with Paisabazaar.com, India's leading online financial marketplace, to offer online home loans to consumers. With the partnership in place, customers will now be able to avail home loan offerings by IBHFL, through the Paisabazaar.com platform. The loan process would be completely digital from application to disbursal via e-KYC verification and self-attestation of documents, and does not require customers to visit the lender's office.

Both IBHFL and Paisabazaar.com are the first players within their industries to offer completely digital processes.

"This association with Paisabazaar marks one of the first such tie-ups in the industry. What gladdens me even more about this tie-up is the fact that the biggest beneficiaries will eventually be our dear customers. Indiabulls Housing Finance having launched India's first completely online mortgage, will synergize the online home loan experience with the scale of Paisabazaar to eventually reach and service customers in the most convenient way possible," said Executive Director Indiabulls Housing Finance Ltd., Sachin Chaudhary.

Home loan seekers can now get a wholesome experience which ranges from comparing home loan product offerings to actually completing the entire home loan process online.

As early adopters of digitally revolutionary practices, it is imperative for organizations like ours to continuously explore newer options to better customer delight. I look forward to a healthy association with paisa bazaar and in the course evolve more such solutions to provide superior customer experiences.

"Customers, today, are buying everything online - from pizza to phones to plane tickets. Even in financial services, the preference is fast shifting from branch services towards DIY digital platforms. Comparatively, the housing sector has been conservative and slow to adapt digitization. However, with IBHFL offering an end-to-end digitized home loan products, customers can now expect paperless and presence-less processes, something which we at Paisabazaar.com strongly believe in. We are immensely happy to tie up with IBHFL. Together, we aim to offer home buyers a never-before experience through a completely digitized home loan packages that will come with a speedy, convenient and transparent processes," said CEO and co-founder Paisabazaar.com, Naveen Kukreja.

Paisabazaar.com currently offers retail customers all types of lending and investment products including loans, credit cards, savings account, mutual funds and fixed deposits on its platform.