NBFCs, prime lending platforms, to get a home loan. Whether it is an organised or unorganised sector, NBFCs welcome customers from all segments. There are several other reasons why people opt for home loans from some of the best NBFCs in India.
2. INTRODUCTION
If you take a closer look at the home loan advancement data in 2022,
which is in trillion Indian rupees, you can clearly understand that there
has been a growing number of home buyers in the market. However,
the point to be noted here is in the number of people knocking on the
doors of NBFCs, prime lending platforms, to get a home loan. Whether
it is an organised or unorganised sector, NBFCs welcome customers
from all segments. There are several other reasons why people opt for
home loans from some of the best NBFCs in India.
3. TOP REASONS WHY NBFCS ARE THE GO-TO PLATFORMS FOR
GETTING HOME LOANS
• Affordability
• Minimal documentation
• Lenient eligibility criteria
• Easy Loan Approval
In the upcoming slides, we will discuss these points.
4. AFFORDABILITY
NBFCs have competitive interest rates
that make home loans accessible to
borrowers from different backgrounds.
Some of the top NBFCs in India for home
loans maintain complete transparency
about additional charges such as
platform fees, processing fees, and
others.
5. MINIMAL DOCUMENTATION
As NBFCs do strong, on-ground research and aim to make financial services
accessible for people from diverse backgrounds, they have a minimal
documentation requirement.
Many NBFCs accept scanned copies of the documents that need to be
attached with the application form online.
6. LENIENT ELIGIBILITY CRITERIA
As many factors affect the home loan approval process, such as
income, home valuation, and credit score, many home buyers face
difficulty getting a home loan.
Comparatively NBFCs have a lenient eligibility criteria that makes it
easy for home buyers to get a home loan.
7. QUICK LOAN APPROVAL
NBFCs have a very efficient team that
ensures fast loan processing.so home
buyers that are in need of immediate
funds to book their dream house go to
NBFCs to get quick loan approval.
8. Conclusion
NBFCs have established themselves as a platforms that offer flexibility,
convenience, and affordability to their customers.
