The real estate market is changing at a fast rate across the globe. Moreover, the introduction of technology has made it simpler and time-saving for anyone to find their dream home online and get the required financial support for it.
For e.g., Financial technology (fintech) aims to compete with traditional financial methods of money lending. It is an emerging industry that uses technology to improve financial activities. Fintech allows buyers to easily get in touch with the best lenders and opt for a home loan to finance their purchase. Not only does this technology makes availing home loans convenient and fast, but it also makes a prepayment of home loans an easier and streamlined process. There are many ways in which fintech companies are changing the way financial lending is done, which, in turn, is proving to be beneficial to the real estate sector. Explained below are the different ways in which fintech companies are contributing to the growth of the real estate industry.
1. Endless possibilities
One thing that technology does best is that it opens the door to endless possibilities. This means, in the near future, technology will evolve into an even more powerful tool that will bring the buyers and the lenders closer.
2. Reaching new investors
The real estate industry depends on capital and the more people invest in it, the better it can develop. The use of the internet has made it much easier to reach new investors. Fintech companies have opened new mediums for the real estate industry to earn revenue. This way, new customers can easily find a trustworthy options like the Bajaj Finserv Home Loan available on Finserv MARKETS to finance their new property.
3. Implementation of blockchain
The real estate industry is ever-developing, but it is still far from perfect. Financial transactions in the market take a long time and the processing fees can be quite high. However, fintech companies are working hard to make it more effective by implementing newer technologies like blockchain.
4. Buying and selling has become easier
The real estate industry is always working towards building easier ways to communicate with their customers and making the buying and selling process simpler. The introduction of technology allows customers to enjoy the experience at lower costs, save time on transactions, and easy access. Technology also makes the entire process safer and more transparent. Fintech helps the real estate business to become more effective and trustworthy.
5. Increased adaptability with new technology
Fintech companies are helping the real estate and financial lending industries to become more educated about customers. With the introduction of advanced technologies, it is also allowing customers to adapt to newer processes. For example, if you are looking for an affordable loan, and you find the Bajaj Finance home loan interest rate to be suitable, you can head to Finserv MARKETS and receive the money in no time. When you adapt to newer technologies, the process becomes easier for you.
Getting a housing loan was a time-consuming process a few years ago. However, fintech solves this problem by streamlining the processes.
With the advancement in technology and newer customer-oriented business models within the real estate industry, you can now easily opt for a home loan and buy your new home in no time. Also get to know what are is the difference between registered mortgage & equitable mortgage only at Finserv MARKETS
Looking for a home loan? Connect with us at Finserv MARKETS and enjoy a home loan up to INR 3.5 crore. We require minimal documentation, ensuring that the process is hassle-free. You can get a quick approval with an online loan application. You also get an insurance cover, in case of an unfortunate incident, you can protect your loved ones from the burden of paying off your home loan with customized insurance plans. Home loans at Finserv MARKETS provide complete transparency with no hidden charges, no dubious policies. Their custom made loans make it easier to finance your dream home and meet your specific requirements.
“Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App”.