We carry the world in our pockets today. There’s nothing that you can’t do with a phone in your hand – you name it and there’s an app for it. Even purchasing your dream home! Since the beginning of time, people have always yearned for a place to call home, a sanctuary of their own, if you may. The BankBazaar app aims at making this journey towards getting a home seamless and tension free. You can search for various home loan options, find one that’s tailor made for you, apply and keep a track of it – all of this on the go and right at your fingertips.
How the app helps you
Do you remember how tiresome applying for a loan was even a few years ago? Approaching a bank, finding out details about how much you can borrow, the interest rate and EMI and then repeating the entire process several times at other banks till you found a suitable offer – a tiresome and time consuming process indeed. This is where the BankBazaar Android app comes in and sweeps you off your feet! You no longer have to speak to multiple creditors and there’s no need to spend time searching for the best quotes and rates. You get all that and much more somewhere that most of your attention is anyway – your smartphone. And all those calls you had to make to check the status of your loan? Great news, those end too as you can track your loan right from the app.
How it works
It is actually incredibly simple. All you need to do is enter some basic information about yourself which will take just a few minutes.
Once the app is installed and running on your phone, all you have to do is:
- Open the app and select “Loan”. The option is visible at the top of the circle.
- Choose the type of loan you want to take – home loan, in this case.
- Enter your gross monthly salary (we mean your monthly salary without any deduction).
- Enter the price of your property. You need to enter the actual cost of the property and not the amount you want to borrow.
- Select the city where your property is located. If you don’t see your city listed among the top 4 cities, don’t panic. Just click on others and find your city.
- Enter the amount that you are currently paying as EMI towards any other loans you may have.
- Enter a number where the BankBazaar customer support can reach you and you’re all set!
Once you have entered all this information, the app calculates the maximum amount that you can borrow and shows you quotes from various banks and financial institutions.
Why choose the BankBazaar Android app?
The BankBazaar app is all about your convenience and comfort, here’s how:
- You don’t need to speak to multiple banks to get quotes.
- You get all the offers from all the lenders in one place.
- You can find a loan that is perfect for you in mere minutes as all related information like the interest rates and processing fees are right there on your mobile screen.
- You don’t have to waste your time calling agents or banks to check on the status of your application because you can track it through the app.
Additional reading: Make your life easier with a banking app
We live in a world where technology is making possible, things which were unimagined even a few years ago. Ride the wave and let the BankBazaar android app enhance your journey home.