Magicbricks scales up its AI-Powered ‘Bank Recommendation Engine’ to identify best Home Loan partners

New Delhi, June 13, 2023: Magicbricks, announced its AI-powered Bank Recommendation Engine (RBE), a tool designed to assist customers to identify the best home loan partners.

Leveraging the potential of advanced AI technology, the Bank Recommendation Engine scans and evaluates home loan products and offerings from over 40 renowned financial institutions. This comprehensive analysis enables the tool to recommend the ideal home loan partner for prospective home-buyers. 

The Right Bank Recommendation Engine utilizes the power of AI to match each customer’s unique profile with the offerings of Magicbricks’ extensive network of home loan partners. By intelligently analyzing various parameters such as customer preferences, financial history, and loan requirements, the tool precisely identifies the most suitable home loan partnership for every individual.

Talking about the Tool, Nimesh Bhandari, Category Head- Home Loans, Magicbricks shared “According to Magicbricks PropIndex Report (January -March 2023), the residential demand across 13 cities has experienced a growth of 14.3% YoY and is expected to continue increasing. With over 80% of homes being financed through home-loans, customers face the daunting task of sifting through numerous loan products available. Recognizing these challenges, Magicbricks has developed its proprietary Bank Recommendation Engine, which streamlines the selection process and provides personalized recommendations with exceptional accuracy to customers.”