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BASIC Home Loan and ApnaComplex Partner to Enable Direct Access to Home Loan Advice and Disbursement

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BASIC Home Loan and ApnaComplex Partner to Enable Direct Access to Home Loan Advice and Disbursement

Published on February 8, 2022

Residential communities of over 6,00,000 households in over 80 cities will now have quick access to the best possible home loan products, from the comfort of their homes. Fintech start-up, BASIC Home Loan & ApnaComplex, a digital company and community management proptech platform, part of ANAROCK Group, has entered into a partnership to provide existing and new residents using their apps and services with free home loan advisory services.

Under this strategic deal, BASIC Home Loan will bring home loan offers from a plethora of over 35 banks and NBFCs to ApnaComplex residents dotting the Indian landscape. At its core, the proprietary matchmaking tool used by BASIC allows for the highest connection-to-penalty ratio. This effectively means that 70% of customers receive a sanction, which is the highest on the market.

The partnership aims to improve the experience by leveraging a technology-driven customer approach. As a Proptech SaaS organization, ApnaComplex deploys the best and latest technology in order to automate all Community Management services. ApnaComplex residents can now generate queries directly from the ApnaComplex application, which is integrated with BASIC Home Loan’s technology systems. Additionally, for a smooth and easy experience for residents, all track, application, sanction, and disbursement tracking can be tracked through the app or from the BASIC website.

Speaking on the occasion, Devashish Dalmiya, Business Development Manager of BASIC Home Loans said: “We are delighted to partner with ApnaComplex, which is the pioneer in community and resident automation services. We are convinced that this partnership will certainly bring ease and transparency to potential borrowers. This brings us one step closer to becoming a one stop shop for all home finance offerings i.e. home loans, balance transfer, loan against property (LAP) and construction loans for a much wider customer base. in India “.

He further added that with ApnaComplex becoming India’s largest and fastest growing apartment management platform, we expect a successful and long-term business relationship.

A person in a suit and tie Auto-generated description with medium trust levelCommenting on the partnership, Shajai Jacob, MD & Country Head – ApnaComplex & CEO-GCC – ANAROCK said, “As millions of people work from home around the post -Covid, residents are averse to going out to go through the whole tedious home loan application process.To solve this problem, we are happy to partner with BASIC to bring smart home loans to our residents in the most convenient way Hundreds of thousands of households powered by ApnaComplex will now benefit from and have access to technology-enabled home loan advisory services, as well as end-to-end digital fulfillment.

The Basic Home Loan has achieved an annualized disbursement rate of Rs 2,000 since its inception in August 2020 and plans to reach an annualized rate of Rs 10,000 crore by the end of calendar year 2022.

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