Dubizzle Collaborates with Bayzat for Launch of Mortgage Application Widget

New application will allow UAE residents to calculate preliminary eligibility, search, compare and apply for mortgages using bayzat’s technology on dubizzle’s platform

Dubai, UAE, 14 April, 2014 – dubizzle, the leading classifieds website, has partnered with home-grown online portal bazyat to add its renowned mortgage application as a widget on the ‘Properties for Sale’ section of dubizzle UAE. Visitors to the website will now be able to search, compare and apply for the best mortgage deals.

“What makes this collaboration beneficial to our users is the fact that they can now also apply for a mortgage on dubizzle, through the widget. bayzat provides up-to-date information and statistics from several banks in the UAE which also highlights current interest rates and ranks best opportunities on an ongoing basis. Collaborations like these enable us to enhance our service portfolio as it remains our goal to give our users the best experience possible on dubizzle,” explained Ann Boothello, Property Product Marketing Manager at dubizzle.

bayzat launched its unique mortgage and DBR (Debt Burden Ratio) application in 2013, introducing it after the Central Bank announced the new UAE mortgage law that specified a borrower’s DBR should not exceed 50 percent of their monthly income. Since then, property investors have been utilizing the fast and effective service.

“When we launched bayzat it was our aim to help the community make the most of their finances and through collaborations like these, we can take our content and technology to partners like dubizzle, where users can find the best deals on home loans while searching for properties.  This has allowed us to jointly provide a one-stop shop for purchasing a home,” commented Talal Bayaa, Co-founder and CEO of bayzat.

The new widget on dubizzle will provide real-time information on preliminary eligibility and will also give an estimate of the maximum loan amount the individual could possibly receive under the Central Bank’s new mortgage law. Getting a home loan is not a simple process, and the new widget provides much needed transparency for consumers on the approval process.

“dubizzle and bayzat have worked closely to ensure that the widget is easy to use; it provides the full functionality that currently exists on bayzat’s own platform. Partnering with dubizzle was an obvious choice, both of us are absolutely focused on providing the best user experience possible on our platforms, and we’ve now provided a seamless solution for purchasing a property,” added Talal.

“We believe strongly in empowering people to make the best possible value-driven decisions they can by driving transparency in the market. Introducing a feature such as the Home Loans widget is an innovation in support of our beliefs. Integrating Bayzat’s technology on dubizzle, is a step in the right direction to helping people have a more convenient, richer home buying experience through a single platform,” concludes Ann Boothello, Property Product Marketing Manager at dubizzle.

The Home Loans widget is currently live on dubizzle UAE, Properties for Sale section, ready for use by all UAE residents.

Visit dubizzle to explore the new property widget on dubizzle.com – located in the drop down menu of the Property for Sale tab. To find ways on how you can change your banking products to suit your needs and to learn more about other products that may help you increase your wallet’s worth visit bayzat on www.bayzat.com.

About dubizzle:
dubizzle.com is the leading free classifieds website for users in the Middle East and North Africa. Since its launch in 2005, dubizzle.com has become the number one portal for users to buy, sell, or find anything in their community. dubizzle.com is headquartered in the UAE, and is available in Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Tunisia, and the United Arab Emirates

About bayzat:
bayzat is an online platform that provides a fast and easy way to find a banking product. The home-grown company provides accurate information on everything to do banking, allows for personalized searches and an interactive platform to answer banking queries.

More than 30 banks’ product information can be found on bayzat and includes special promotions, best interest rates, comparison charts and rankings to make the decision making process simpler. An interactive platform is also available where users can ask any banking related questions and the team provides factual feedback and info.