GNBIndia.com Offers Group Buying On Financial Products

A group buying portal for discounted deals on loan products have been launched by Aim Advisory Services Private Limited as the new services will be promoted through its existed website Gnbindia.com.

The Delhi-based Aim Advisory Services was founded earlier this year by Ashish Jeph, Siddharth Gupta and Chandan Juneja, all of whom have experience in the banking and financial services industry.

The company has partnered with financial institution such as Axis Bank, Barclays Bank, Standard Chartered Bank, Barclays Finance, Citi Bank, Deutsche bank ,  India Bulls, Reliance, Religare, Bajaj Finserv etc.

Through this site, a group of online users can take loans in various categories - home loans, personal loans, business loans and loans against property, etc, and avail of a discount from banks/ financial institutions. When a minimum number of buyers show interest in a deal, the deal becomes live and offers the interested buyers a deal. It also offers deals to corporates.

"Our objective is to help Indians save their hard earned money while taking a loan by providing them discounted deals, both in terms of rate of interest and processing fees. The idea is to leverage the power of group in favour of the consumer and help them save as much as possible," said Ashish Jeph, director, GNBIndia.com.

However, the service is currently available only in Delhi/NCR, Mumbai and Jaipur.

The site claims it has already provided savings of Rs 1.83 crore to customers on deals worth Rs 31 crore.