Introducing KuberX: A tech-driven platform for easy home loans

For many Indians, purchasing a ‘dream home’ tops their bucket list. Whether a modernized penthouse or a sprawling Victorian bungalow, every one of us desires a home that was crafted keeping us and our family in mind. Finding such a dream home is a difficult task. After a painstaking search, you finally find the house of your dreams, but to purchase it, you have to take out a home loan from a bank or any aggregator. Acquiring a home loan in India is an arduous and time-consuming battle itself.

Currently, the home loan market in India is tremendous and has grown exponentially over the years. The home loan interests are at a 16-year low, with several banks and aggregators competing to provide the most lucrative options.

Despite these developments, an average home-loan seeker has to bear a tedious loan approval process that can be demoralizing due to the number of hurdles. To overcome these hurdles, KuberX, a tech-based online loan aggregator platform, has implemented innovative solutions to turn your home loan searching process into an effortless one.

What stands in the way of home loans?

• Long-drawn-out procedure for approval

  Getting to the end of the home loan process requires patience. Even with banks and aggregators offering pre-approved loans, you may find yourself with incomplete documentation, and a prolonged legal and technical verification process that stalls loan approval by weeks.

• Non-transparent payment process

  There is a lack of knowledge in most borrowers, due to which they are not vigilant enough while comparing and scrutinizing interest rates. Legal and technical costs ranging anywhere from 0.25% to 1% of the entire loan are sometimes concealed by banks in the processing charges.

How does KuberX tackle these challenges?

1. Provision of APFs

   An APF or approved project finance is a score significant for any project. To get an APF number, the property developer must submit all legal documentation relevant to the project like NOCs, Sale Deeds, Title Deeds, Approved Plans, etc. KuberX can help facilitate APFs from multiple finance institutions for real estate developers. This provision increases homebuyer purchasing capability and assures a minimum risk of payment on the loan.

2. Financial consultation

   Since purchasing your dream home is a monumental decision, it is advantageous to have an unbiased financial advisor by your side throughout the process. KuberX provides you with sound financial advice, backed by insights, to select the right loan product.

3. Loan disbursements

   KuberX is simplifying the home loan buying journey through loan disbursements. They are working as an aggregator of demand across real estate developers and individual customers for the banking system. Their expert team will coordinate with loan buyers for quicker sanctions and disbursements.

4. End-to-end service

   For an individual, especially a first-time home loan seeker, the loan buying process can be intimidating. KuberX provides complete guidance and support throughout the journey. They have a complete understanding of the pain points of the customers and offer end-to-end support. From APFs to custom-made loans for your projects, they guide you through every step of the process.

How KuberX works

KuberX has made acquiring a loan a straightforward process through their platform.

You only have to:

• Sign up - Sign up or register on the platform in seconds and share your loan requirements.
• Compare offers - Get customised opinions with their proprietary AI-enabled instant tool.
• Select offer - Choose one offer that best suits your home loan requirements.
• Relax - Just relax as they work on getting your home loan processed at the earliest.

The real estate industry in India will continue its exponential growth and is projected to contribute around 18%-20% of the country’s total GDP. Since the home loan market is a part of the industry, it is also expected to boom along with the real estate industry. In a rapidly evolving landscape with complex dynamics, KuberX can be a trusted partner to help you seal the deal on your dream home. With their years of experience and expertise in the FinTech industry, KuberX wants to redefine the online loan aggregator ecosystem. Their associations with private, public banks, and NBFCs will aid them in tackling the prevalent challenges in the lending market.