Bengaluru: Who doesn’t dream of buying their ideal home? One of the biggest challenges in chasing that dream is getting it financed. Home Loans are an essential part of that step, with over 75% of Homes being Financed through Loans in India. The Home Loan Market in India, currently valued at approximately USD 300 Billion, is expected to grow at a CAGR of 22.5% over the next 5 years, boosted by favourable tailwinds in the Real Estate Sector and the play of technology in Secured Financing.
Home Loans, however, remain to be one of the most complex credit products offered by Banks inherently limiting choices & making it difficult for users to secure the right home loan. Financial Institutions are now starting to embrace technology in this sector and leading that charge is a young Bengaluru based Fintech Startup – Credit Dharma.
Founded with a vision to transform the home loan landscape in India, Credit Dharma is setting new standards in the mortgage industry. Founded by serial fintech entrepreneurs—Rishu Garg and Akul Aggarwal—Credit Dharma is driven by the ethos of being hassle-free, transparent, spam-free, and cost-effective.
Backed by notable investors including Kalaari Capital, Better, 10x Founders, and iSeed, the company has secured funding amounting to $4M, which together highlight the market’s confidence in Credit Dharma’s mission to redefine home financing in India.
Traditionally, India’s mortgage sector has predominantly catered to high-income individuals, offering preferential treatment to those pursuing substantial loan amounts and marginalising others with limited choices and unsatisfactory service. Credit Dharma confronts this entrenched bias, questioning the rationale behind reserving premier financial services exclusively for the affluent. They are committed to levelling the playing field, making sure that every individual has equal access to home loans.
So, how does Credit Dharma change the game? By eliminating the dreaded multiple bank visits and mountains of paperwork. “Our platform simplifies the entire loan process, from application to disbursement, all online,” explains Rishu Garg. This means faster approvals, less human error, and personalised loan options that fit your financial profile like a glove. Their innovative approach doesn’t stop at just streamlining processes. Credit Dharma has developed powerful, user-friendly tools that act like a financial advisor in your pocket. These
tools use real-time data to provide tailored advice, helping you understand exactly what you can afford and how to best manage your payments.
“It’s about empowering our customers with knowledge and choices,” says Akul Aggarwal, detailing the bespoke tools that calculate everything from eligibility to prepayment. Partnerships with all the major banks, NBFCs, and HFCs have allowed Credit Dharma to offer a variety of loan options all on one platform, simplifying the comparison and application process.
As a definitive advantage, Credit Dharma offers dedicated support throughout the entire home loan journey—from selecting the most suitable financing option to navigating the complexities of the process and managing the loan for its full tenure.
As Credit Dharma continues to grow and reshape the home loan landscape, it’s clear they are not just offering loans—they’re building trust and forging paths to homeownership for a broader segment of Indians than ever before.
