Online financial marketplace Bank Bazaar has officially launched a new program that will assist the flood victims in Chennai. Dubbed as the "One Loan Two Homes" program, the company, through the program, will give Rs.1000 to Habitat For Humanity India for each home loan that was disbursed from Jan. 1 until March 31 this year, a report from ET Realty said.
"The money thus collected would be donated to Habitat for Humanity --- non-profit organization that builds homes and provides housing-related services to low-income, marginalized families across India - to build disaster-resilient homes for people affected by the floods. BankBazaar also arranged for doctors to visit all its offices in Chennai to provide free medical checkup and reimburse all outpatient medical bills of flood-affected employees and their immediate families in December," the report said.
According to the report, the "One Loan Two Homes" program is part of the company's effort to extend assistance, especially to the flood victims in Tamil Nadu. It can be recalled that the flood has caused severe damage to the lives and properties of the people in Chennai and nearby areas.
The company has expressed hope that by working collaboratively with a non-government organization like the Habitat For Humanity India, the assistance that will be given to the flood victims in Chennai will temporarily bring a short reprieve. Earlier this month, the company has also distributed 10,000 food packs, emergency supplies and other personal supplies to the displaced residents of Chennai.
"BankBazaar.com gives customers instant customized rate quotes on loans, credit cards or any other personal finance products. It simplifies the loan application process. Anyone can instantly search for tailor-made offers, compare, customize it as per his or her need or profile and apply for their finance products on BankBazaar.com as well as the BankBazaar app for Android & iOS," The Economic Times said.