Fintech start-up, BASIC Home Loan has entered into a partnership with Bangalore-based realty firm, Vaishnavi Group to offer its technology platform for their customers to seek real-time lending deals from 25+ banks and housing finance companies.
The partnership marks BASIC's journey towards digitizing the home loan process for the customers of real estate developers across the country. BASIC intends to use its phygital approach, through a B2B2C model, to increase penetration of easy & accessible home loans, which is part of its larger vision to help India reach its goal of 'Housing for All'.
Speaking on this partnership, Devashish Dalmiya, Director of Business Development, BASIC Home Loans, said “From day one of our operations, our goal has been to automate the home loan process for consumers, for which we are developing a strong network with the real estate developers who are consumer-centric in their approach, and want to be future-ready as a one-stop-shop fulfilling all needs around their housing dream. We are really happy and thrilled with Vaishnavi Group, coming on board, as they carry strong goodwill and reputation in the South market."
Adding to this Darshan Govindaraju, Director- Vaishnavi Group, said, “Most of the time when a customer approaches us to buy a home, they ask us to help them finance it as well. With BASIC Home Loan’s eligibility matrix and technology that helps us track a home loan application in real-time, we will also be able to match them with the right lender. Through this partnership, we will be able to build stronger relationships with our customers.”
BASIC Home Loan is Co-founded by Atul Monga and Kalyan Josyula. The duo carries experience in building ventures in the fintech space and has worked with companies such as PolicyBazaar, Ola, Lazada, Credit Suisse, and Wadi.com in the past.