Satish (name changed) is 27 years old and lives in Pragathinagar, Hyderabad with his family. He had a requirement of ₹1,00,000 for debt refinance. Loans may be helpful in emergency situations but sometimes heavy interest rates levied by the lenders might make it difficult for the borrower to pay off the amount.
Satish was in an urgent need of money but he was working in a relatively new company which is just 1 year old. Most banks and lenders prefer customers from large, established companies.
At Credy, we assess the applicant's profile carefully and look at many factors such as monthly income, employer quality, banking history, payment history of previous loans, cibil score, etc. Size of the company is just one of the many factors. Satish had a good monthly income of ₹52,965 which allowed us to evaluate his loan application despite being employed at a small company. Considering this and many other factors, Satish's loan was approved and disbursed.
There are many happy customers like Satish who are impressed by our fast online loan process.