For those of you that don’t already know, BankBazaar is India’s leading marketplace for financial products. The company was started in 2008 to help customers search for, compare and access the right financial products online through their web and mobile platforms. Be it loans or Credit Cards, or other personal finance products such as insurance or Mutual Funds, we have it all. Before we go into the 10 reasons to choose us, let’s brief you a little bit about us and what we do.
We are an online portal that lets you browse, compare and buy financial products and zero in on the one that best suits you. We also have many partners on board that provide customers with a paperless application process and instant approval on loans and Credit Cards. Our process is simple, and is aligned with our mission which is “to help customers access the right financial products”.
Additional Reading: BankBazaar Goes Paperless! Get Loans In A Day
Imagine a one-stop-shop for all your financial needs? Our portal lets you choose, compare, review and shop for financial products across the spectrum. Here are just some of the products that you can choose from the comfort of your home.
| SI No | Category | Products |
| 1 | Loans | Personal Loan |
| Home Loan | ||
| Car Loan | ||
| Two Wheeler Loan | ||
| Used Car Loan | ||
| Education Loan | ||
| 2 | Cards | Credit Cards |
| Debit Cards | ||
| 3 | Insurance | Term Life Insurance |
| Car Insurance | ||
| Health Insurance | ||
| Two Wheeler Insurance | ||
| Travel Insurance | ||
| Home Insurance | ||
| 4 | Investments | Fixed Deposit |
| Mutual Funds | ||
| Savings Account | ||
| Gold Rate | ||
| Silver Rate | ||
| Best RD Interest Rate | ||
| 5 | Credit Score | Check your Credit Score for FREE |
Now, let’s tell you why it makes sense to get your loan or Credit Card or make an investment through BankBazaar.
1. Easy Accessibility
Today, every Indian has access to a smartphone and internet and that’s all you need to access BankBazaar. It is surely easier and simpler than getting out of your house, waiting long hours in long queues to inquire/research about a potential financial product you want to buy. Mind you, even if you plan to do all your research, online, you’ll find that it’s still quite a tedious process to make a list of all the banks and financial institutions you want to explore and then compare their offerings.
With BankBazaar, all you have to do is log on to our website – www.bankbazaar.com and you’ll see that all our products are systematically listed for your convenience.
2. Easy To Compare
If you’re unsure of what you’re looking for or want to check around some more before making a final decision, then BankBazaar helps you compare products online. You can compare your product (For e.g. Home Loan, Personal Loan, Credit Card, etc.) across different brands/banks and get a clear idea about the features, uses, and charges associated with it. We go two steps further and help you check your eligibility and calculate your EMIs too! Check it out.
3. Customised Offers
At BankBazaar, you not only get to compare products from different banks and financial institutions from the comfort of your home, you also get also get customised offers on loans and Credit Cards based on your eligibility. Not only will it save you a whole lot of time and effort, it will also save you from the disappointment of zeroing in on the perfect product only to find out that you aren’t eligible for it.
Check This: Customised Loan And Credit Card Offers For You
4. Online Application
Now here comes the good part (good because we’re saving the best for last). After you’ve chosen the product you wish to purchase, you don’t have to fill out a hand-written application, make photocopies of your documents and head to the bank. Your application will be stored as a part of your profile. You can fill it out online and revisit it before submitting it should you need to make any changes. So, your application will not get misplaced under huge piles of paper. It will be stored in your account online.
Additional Reading: Tips To Get Your Loan And Credit Card Application Accepted
5. Paperless Process
If you hate the idea of getting a ton of documents photocopied just to get your loan or Credit Card application processed, you’re going to love the paperless process BankBazaar offers. Apart from submitting your application online on our portal, we also have partners that allow you to upload the documents needed to process your loan, Credit Card or investment online. How cool is that? Many of our partners also offer instant approval on your loan or Credit Card. We are working hard towards achieving our vision which is “to be the dominant marketplace for instantly issuing financial products”.
Additional Reading: The Future Is Paperless – More Interesting Takeaways From BankBazaar’s Paperless Finance Conclave 2017
6. Instant Approval
If you thought things couldn’t get any better, you thought wrong. In addition to giving customers the option of not having to submit any physical documents with our paperless application process, many of our partners also offer instant approval on loan and Credit Card applications. If all your documents are in order, you’ll get a decision on your application instantly. Pretty neat, huh?
7. Filling Out The Application
We understand that sometimes a long application form can be confusing. And what if you have questions and need someone to answer them? We have answers to all your questions. Our customer care executives will not only help you fill out your form, but also will explain terminologies that you are unfamiliar with. So, just leave us your number and we’ll do the rest.
Additional Reading: All About One-Click Application
8. Regular Follow-Up
Once your application is submitted our Customer Service team will follow up regularly with you until the bank processes your application and disburses the product of your choice. Yes, you heard that right. You can simply sit back on your couch and enjoy a nice movie while we do all the virtual running around on your behalf.
Additional Reading: How To Contact BankBazaar
9. The BankBazaar Mobile App (Your Personal Finance Buddy)
The BankBazaar Mobile App is the mobile money management genie that everybody needs. Not only does it let you apply for and track your loan and Credit Card applications, you can also open a Fixed Deposit and check your Experian Credit Score for free. It doesn’t stop there. We know that most people find it cumbersome to keep a record of their day-to-day expenses, Credit Card bills and bill payment dates. The BankBazaar app simplifies things for you. It lets users track all their bank balances, Credit Card bills and outstanding all in one place. In addition to this, you get regular gold, silver and fuel rate alerts and if you want to keep yourself up to date and learn all about finance, just check the app’s nifty Finance 101 section. See for yourself – Click here to download the app
Additional Reading: Meet The Ultra Cool BankBazaar Mobile App: The Mobile Management Genie We All Need
10. Reviews On Products
Who doesn’t read reviews before buying anything these days? We all do, and BankBazaar understands that very well. Our customers always leave a review of their experience with both BankBazaar and the bank/financial institution and rate the products they’ve purchased on our review pages. These reviews will help you make an informed decision.
11. Personal Finance Blog And Forum
BankBazaar has an insightful blog that publishes the latest news, opinions and finance-related articles. And if you’re looking to have an in-depth discussion on personal finance, you can check out our Forum where you’ll have the opportunity to interact with our in-house experts.
12. Convenience Is The Name Of The Game
At BankBazaar we’re dedicated to making the process of applying for a financial product as easy as possible. Here are a couple of things we’ve done to make things more convenient for you.
Fetching your bank statements
When applying for a loan or Credit Card, banks need you to provide them with your salary bank statements. We understand that getting them can be a tedious task. That’s why, at BankBazaar, we give you the option to directly fetch your statements from your bank as a part of our paperless application process. We have quite a few partners who offer this option to customers. Just look out for the ‘Paperless Approval Available’ tag when you apply.
Easy Verification Process (eKYC)
When you apply for or invest in a financial product like a loan, Credit Card or Mutual Fund, it’s essential to provide an ID and address proof and complete an eKYC (Electronic Know Your Customer) verification. Doing this on BankBazaar is extremely easy when you opt for a product that has a paperless application process. All you have to do to complete the eKYC is submit your Aadhaar details. You will be sent a One Time Password (OTP) which you need to enter in your application and you’re done! It addition to the eKYC, this takes care of both your ID and address proof and there’s no need to upload separate scanned copies of your IDs.
13. Check Your Experian Credit Score (It’s free)
A loan or a Credit Card is a financial responsibility. Paying your EMIs regularly and on time should be your priority. Moreover, lenders verify your credibility by checking your Credit Score. Did you know a Credit Score of above 750 increases your chances of getting a loan or Credit Card? So, it’s always a good idea to know what your Credit Score is. Now here is the best part (like we promised). If you’re curious about your score, you can check your Experian Credit Score for FREE on our website on our website in three minutes! .
Now that you know all these things about us, why not check us out for yourself. We sure won’t disappoint you.