The Gullakh’s digital LIVE dashboard shows the list of all the offers placed by lenders once Reverse Auction commences.
Once you have placed your loan request, you can sit back and watch as lenders bid with their best home loan rates for you.
You can exit the Gullakh website, return to check the progress of your Loan Search and log in on the homepage to see your digital dashboard. You can end the Reverse Auction at Gullakh.com at any time if you are happy with an offered rate. That deal gets sealed for you.
Lenders receive a masked profile including your occupation, your employer, your salary, your age, your pincode, and your Equifax credit score. This is done so they can offer good consumers the best rates and terms on loans.
Lenders cannot see your name, full address, full date of birth, email or phone number. Your contact details are not provided to the lender until you have declared a winner.
Once Reverse Auction at Gullakh.com has ended, there’s a 24-hour window to declare a winner. The lender will then contact you within 24 hours to further inform you about the documents and seek an appointment for getting the loan application form signed and expedite your new loan processing. Since your credit profile and personal profile is known to the bank it processing your file quickly for the final sanction of your loan. So you get the best rate along with a quick turn-around time. Cheers!!
Want to learn more about Gullakh’s Reverse Auction? Click here.