Thyagaraju (name changed) is 28 years old and lives in Bannerghatta Road, 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.
Thyagaraju was looking for a personal loan but had been employed with his company for only 6 months which is considered risky by other lenders.
We at Credy, not just look at the duration of an applicant's employment, but also check other factors like employer quality, banking history, spending patterns, home ownership and credit history. Despite being only recently employed with he current company, we observed Thyagaraju had good spending habits. Thyagaraju's loan was approved and disbursed within 5 hours, after taking into consideration this and several other factors.
We are glad to have offered timely help to Thyagaraju who is just one of our many happy customers.