Gurgaon, August 30: Ambak, a leading fintech home loan aggregator, is poised to revolutionize the home loan industry with its innovative platform; which is designed to digitally transform and streamline the often opaque and frustrating process of securing best options for both customers and home loan distributors in India.
Ambak, the pioneering home loan aggregator in the fintech industry, is set to transform the home loan sector with its innovative, efficient, and secure platform. Recognising the often opaque and frustrating process of obtaining the best home loan, Ambak is making the journey faster, simpler, and transparent for both customers and the agents alike.
With over 150 housing finance companies in India, it can be challenging for home loan distribution agents, property buyers/sellers and even financial advisors to identify the best financiers for their client’s home loan needs. This often results in lengthy application processes with multiple banks and a lack of clarity on the next steps.
Ambak’s launch comes after extensive integration with major banks and financial institutions, as well as a thorough testing and validation phase. It addresses key market needs such as lack of transparency, high turnaround times and unclear commission structures, providing users with a powerful tool to assist customers in getting the best home loan options through its online platform.
Since its inception six months ago, Ambak has facilitated significant savings for over 1,000 customers and enabled its partners to earn more than ₹5 crores. The platform ensures users receive the best home loan interest rates and loan-to-value ratios available in the market, enabling home loan distributor agents to triple their earnings through enhanced efficiency and cross-selling opportunities.
Raghuveer Malik, Co-Founder & CEO of Ambak, said, “Ambak is revolutionizing the home loan process by providing unmatched transparency, efficiency and security. We have introduced several pioneering features that address the various challenges associated with home loan application and disbursal processes. Our platform ensures that both customers and agents receive the best possible service and support throughout the loan journey.”
The platform’s unique features, such as access to 50+ lending partners, a fully digital process, simplified search, matchmaking for customers, automated invoices with OTP verification, and providing a free soft CIBIL report without affecting credit scores, set it apart from existing offerings.
For the customer, Ambak aims to save on average 15 days in loan processing and to save 0.2% of the RoI which amounts to over ₹5 Lakhs in interest savings. This is over and above the processing fees & login charges, which Ambak negotiates on behalf of their customers.
For the distributors, Ambak has a simple mission of creating ₹1 Lakh in monthly income for over 1 Lakh Indians by simplifying home loans and other loan products. In the coming years, Ambak aims to not only speed up the process but also enhance the professionalism of those assisting home buyers, ultimately improving the overall home-buying experience.
