Chandra (name changed) is 43 years old and lives in Whitefield, Bengaluru 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.
Chandra 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. Chandra had a good monthly income of ₹1,17,000 which allowed us to evaluate his loan application despite being employed at a small company. After careful evaluation of this and several other factors, Chandra's loan was disbursed in just 24 hours!
There are many happy customers like Chandra who are impressed by our fast online loan process.