CredRight is not just your average loan platform. We prioritize your privacy and understand the importance of keeping your personal information secure. That's why we only share your data with registered scheduled banks and NBFCs (Lending Partners) who will handle your information with the utmost care. Rest assured, we never store or share your contacts, login credentials, or access your pictures without your permission. The only time we will ask for pictures is for verification purposes, such as selfies or pictures of your house and business. With it, you can trust that your data is in safe hands.
Features of CredRight:
⭐ Flexible Repayment Tenure: It offers a wide range of repayment tenures, starting from a minimum of 12 months to a maximum of 60 months. This allows borrowers to choose a repayment duration that best suits their financial situation and helps them manage their loan effectively.
⭐ Competitive Interest Rates: With a maximum annual interest rate (reducing) of 30%, it provides borrowers with competitive interest rates. For example, if you borrow INR 4,00,000 at an annual interest rate of 28% for a tenure of 36 months, your monthly installment amount would be INR 8,000. This ensures that borrowers can access funds at affordable rates and minimize their interest payments.
⭐ Secure Data Sharing: It takes privacy and data security seriously. When you use the app, your data is shared only with registered scheduled banks and NBFCs (Lending Partners). The shared information includes personal details, geo location, business data, and financial data. However, it and its Lending Partners never store or share your contacts, credentials, or access your pictures, except for verification purposes where you share selfies, house pictures, and business pictures.
⭐ Quick and Convenient Application Process: It offers a user-friendly and efficient application process. The app streamlines the entire loan application, ensuring that borrowers can complete the process easily and conveniently. This saves valuable time and effort, allowing users to get access to funds quickly when they need it the most.
FAQs:
⭐ Is my data safe with it?
Yes, it takes data security seriously and shares your information only with registered scheduled banks and NBFCs (Lending Partners). Your contacts, credentials, and pictures are never stored or shared, except for the required verification process.
⭐ What is the maximum loan tenure available?
The maximum loan tenure available on it is 60 months. However, borrowers can also choose shorter repayment durations starting from 12 months, depending on their preferences and financial capabilities.
⭐ How long does the application process take?
It offers a quick and convenient application process. Typically, it takes only a few minutes to complete the application, and once submitted, the loan approval and disbursement process are expedited to ensure timely access to funds.
Conclusion:
CredRight offers attractive features such as flexible repayment tenures, competitive interest rates, secure data sharing, and a quick application process. With a wide range of repayment options, borrowers can choose a duration that suits their financial needs. The app ensures privacy and data security by sharing information only with registered scheduled banks and NBFCs, without storing or accessing sensitive details. The user-friendly interface makes the application process efficient, saving time and effort. It provides an accessible and reliable platform for borrowers to meet their financial requirements.
