Real estate portal Square Yards recently launched a mortgage option on its Square Connect mobile application through which brokers can offer home and other loans to clients at rates chosen from over 90 partner banks and NBFCs.
"Brokers will now be able to provide their clients with the best solution for loans, an important component in property purchase process in most the cases and earn higher commission for themselves as compared to what they would have earned by selling only property," the company said in a statement.
"This will also help Square Capital, the mortgage arm of Square Yards, to achieve multi-fold growth in the current levels of facilitation of around Rs 300 crore (approximately US$41 million) disbursements every month," it added.
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