Deal4loans reaches 50 lakh customers milestone

Posted on Aug 21 2014 - 9:23pm by IBC News

Bangalore, 21st August, 2014: Deal4loans.com, an online loan information and application portal, providing valuable information on all available loans in Indiahas reached the 50 lakh customers milestone. Being an unbiased comparison engine, it providesthe customers quotes across Banks for rates and eligibility. The customer in search for the best deal is served with maximum bank offers. The power to the customer to choose as per his choice after comparison ensures customer faith in the product and delivery. With the customer having the power to choose chances of mis-selling of any financial product becomes nil.

Speaking on the milestone achieved by the company Mr.

Rishi Mehra, co-founder, Deal4loans.com said “Reaching the 50 lakh customer mark is a great achievement for us. Having attained this milestone we plan to keep moving forward and help our customersby offering him maximum choices and reducing the Loan approval time. We have pioneered the concept of providing online comparisons to help the customer to make their choice quickly and efficiently within a time span of 24 to 48 hours.  Our aim is to fill the gap between the loan seeker and loan giver by providing customers with the best prices and services on offer from all leading banks.â€

Moreover with no obligation quote- one can just get to know the rates and eligibility across Banks free of cost and if he still doesn’t want to buy through the referrals of the site, there is no obligation to the customer.

Deal4loans.com has comparison rates from HDFC Ltd,ING, ICICI, HDFC Bank,DHFL, Kotak Bank and Fed Bank among others.

Another innovative product offering from the company’s portfolio is the Save EMI Calculator. It is a smart way to minimize the financial outstanding and save on the current EMI by transferring it to a cheaper option which is available based on the customer’s profile. This kind of application is first of its kind.

The tool can provide comparisons of over 11 banks. The results displayed are of those banks which offer lower charges than the current one, in terms of interest rates, EMIs along with the factors like prepayment charges and remaining tenure of the loan. After comparing all the different offers, the user can select the bank that offers the minimum EMI.

Deal4loans.com has also moved on to get customers a real time quote and 24 hr approval on their loans across 17 Banks. We give him the maximum choice and with technology innovation has improved the time taken to get an approval for the loan applicant.

Deal4loans.com also has an online home loan balance transfer calculator which instantly calculates how much you can save by switching your home loan. All you need to do is insert your existing home loan rate and prepayment charges and based on that it gives you instant quote of four other bank rates and tells you how much you can save. With prepayment charges being reduced to nil- the opportunity for the customer to save by changing the home loan bank is big.

Deal4loans provides quotes for personal loan, car loan, home loan, education loan and loan against property. Additional features like free Credit Card quotes for customers and comparing credit card eligibility process of all Banks has helped Deal4loans to achieve the landmark figure of 50 lakh customers.

Over the years Deal4loans.com has introduced varied services in order to enhance the customer experience. Getting Customer the lowest quote – Giving him Maximum choice- Reducing Loan approval time has been the specialty of Deal4loans.com.

Deal4loans.com is an online loan information and application portal which provides the customer with valuable information on all available loans in India. It has pioneered the concept of online comparison for retail Loans in India.

The company began operations in 2008-09 with the thought of providing the customer ample opportunity to get the best loan deal that would suit their requirement. The portal provides comparison based information on interest rates of different banks nationalized as well as private.

Deal4loans is not a broker or Dsa of any bank nor are they into selling of loans through their team. The company acts as a comparison engine and passes on the request/query of the customer onto the bank. The customer in turn is not charged any fee for the process. This is an endeavor that brings customers and Banks at a same platform and to facilitate responsible credit.

1 Comment so far. Feel free to join this conversation.

  1. Rounak September 2, 2014 at 2:30 am -

    Really Inspiring to reach such a milestone in a short amount of time..Companies like this and bankbazaar are doing very well in the current financial scenario..