2 min read
25 May 2021

Owning a home is among the basic needs of any individual. A place to rest after a hard day’s work, a shelter for your family and a house to call your own is also the definition of success for a working individual. Purchasing a home, although a necessity, has become somewhat of a luxury thanks to spiralling real-estate prices and rising cost of living.

The housing scenario is exacerbated in metro cities, where population is dense and people from all over the country come in search of employment. It has become challenging for an individual to buy a home outright with only his savings.

This is where home loans come to the rescue. Home loans allow you to purchase a house by giving you a large sum of money which has to be repaid in Equated Monthly Instalments (EMIs) over a long period of time. Nowadays, you can apply for a home loan online and from the comfort of your home, along with the traditional offline medium which requires you to visit the outlet or branch.

In this article, we’ll compare these two ways of availing home loans on the below parameters.


If you’re short on time, then online is the way forward. This is because, with an online loan application, you won’t need to visit the branch or outlet and spend time, travelling. All the details of the home loan will also be available on the website and this will further save time, as you won’t need to undergo all the pre-application procedures at the branch.


Home loans are an in-demand product which is required by every household. Banks and financial institutions face a heavy load of loan applications on a daily basis, and due to this, it might be possible that an application might be misplaced by a branch. Long queues are also another issue that is faced by customers visiting the branch for a loan application.

When applying online, there is no chance of a misplaced application as the forms are filled online and stored digitally. Moreover, the form application and submission are done immediately without any waiting time. So, online service is more prompt and comes with a lot less hassle.


Comparison is another area where online home loans score over offline ones. Any individual before finalising on a loan would like to compare the various products on offer. When offline, this would mean visiting each branch and painstakingly comparing the marketing material to find out which one is better.

Online plans have an edge here as there are a large number of comparison sites on the internet that make choosing the best plan a breeze. Here, you can compare the different aspects such as interest rate, pre-payment charges, processing fees etc., to make the most informed decision.

From the above, we can easily conclude that online loans are much better and easier than offline loans. Home loans from Bajaj Finserv offer a substantial loan amount at competitive interest rates along with a host of benefits such as 3-EMI holiday, doorstep service and an additional top-up loan. We also offer pre-approved offers on home loan and other loans which make it easy to avail finance. Share your basic details and know your pre-approved offer within seconds.

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