Arockia (name changed) is 25 years old and lives in Maduravoyal, Chennai with his family. He had a requirement of ₹16,000 for credit line account. Personal loans are sometimes taken for emergency situations and in such cases, borrowers ask a quick disbursal! An online and hassle-free loan application process may come as a relief to the customers.
Arockia required money urgently but he was new to credit i.e. did not have prior history of loan or credit card. Most banks and lenders want to see credit history before approving a personal loan.
Loan applications at Credy are carefully assessed for multiple factors such as monthly income, home ownership category, banking history, etc. Being new to credit is just one of the many factors. Arockia had a monthly income of ₹26,077 which is decent enough. After careful evaluation of this and several other factors, Arockia's loan was disbursed in just 22 hours!
There are many happy Credy customers like Arockia whom we have helped.