Sourav (name changed) is 31 years old and lives in Bannerghatta Road, Bengaluru with his family. He had a requirement of ₹1,00,000 for two wheeler. Buying a vehicle sometimes comes with an additional purchase of equipment for its maintenance. A fast vehicle loan becomes a requirement if such expenses are not under budget.
Sourav 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 just don't look at the size of the company but also consider other factors such as employer quality, monthly income, spending patterns, cibil score, credit history, etc. among others. Sourav had a good monthly income of ₹91,000 which allowed us to evaluate his loan application despite being employed at a small company. Considering this and many other factors, Sourav's loan was approved and disbursed.
There are many happy Credy customers like Sourav whom we have helped.