Online financial marketplace Paisabazaar.com has expanded its loans
portfolio by entering into a strategic partnership with HDFC Bank, ICICI
Bank, Kotak Prime, IndusInd Bank, AU Financiers, and L&T Finance to
offer car loans to private as well as commercial customers.
These partnerships allow Paisabazaar.com to reach out to existing and
potential customers across all segments and offer them car loan products
based on their individual requirements.
While the tie-up with banks
would enable the company to offer loans to the masses, NBFCs provide the
opportunity to reach out to those who seek loans within niche segments,
such as used and commercial car loans.
In addition to getting loans for new cars, customers can also apply for
used-car loans through the website, thereby allowing Paisabazaar.com to
branch out into untapped markets.
Naveen Kukreja, Managing Director of Paisabazaar.com said: “Our decision
to venture into the car loans segment is in sync with our plan to
create a one-stop destination for all kinds of loans. We are excited to
partner with some of India’s largest banks and NBFCs and look forward to
enhancing the value proposition for those looking to buy car loans
through our website.”
The car loan option is available at www.paisabazaar.com.
On selecting the option, the consumer will be directed to a car loan
requirements page.
The applicant will then have to specify his/ her
requirements and proceed to view and compare the loan offers made
available by different banks and NBFCs.
Once the consumer chooses an
offer, it is shared with the bank/ financial institution.
The
Paisabazaar.com team will provide all necessary assistance in the
documentation and application process.
No comments:
Post a Comment