InCred Launches Hassle-free Two-Wheeler Loans


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Akash1886

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InCred launches hassle-free two-wheeler loans​

27th March 2018: Mumbai-based new-age financial services group InCred has announced the launch of its two-wheeler loan vertical. InCred will leverage its proprietary technology and state-of-the-art data analytics to shorten the turnaround time (TAT) in loan fulfilment enabling swifter, more hassle-free loan disbursals.

This latest development from InCred is aimed at providing easy and convenient two-wheeler loans to borrowers across its offices in 6 states, in line with its long-term vision to make credit more accessible and available to a much larger segment of Indian consumers. The move will also give a tangible boost to sales in the two-wheeler segment, which has been witnessing a significant upsurge in demand post BS-IV upgrades and GST implementation.

Commenting on the launch of its latest vertical, Bhupinder Singh, Founder & CEO – InCred, said, “With the automobile sector having registered a significant growth momentum post GST implementation, the demand for two-wheelers has increased drastically in the last couple of months. Our latest product is designed to fulfil this growing demand by enabling extremely seamless, swift, and hassle-free loans for two-wheeler purchases.”

Our two-wheeler loans extend a superior user experience and convenience to more borrowers across the country. We are confident that our proprietary technological framework and cutting-edge data analytics will assist many aspiring consumers across India in fulfilling their vehicle ownership dreams,” he added.

InCred offers a wide portfolio of products across consumer loans, affordable housing loans, SME loans, and education loans to meet the varied requirements of Indian customers. The company uses technology and data-science to make lending quick and easy for its customers. It leverages a network of a high-performing sales team, channel partnerships, and digital media in a targeted manner to serve customers at various points of need, eliminating the need for them to physically visit a branch at any point during their loan journeys.

About InCred:

Based out of Mumbai, InCred is a new-age financial services group that leverages technology and data-science to make lending quick and easy. The InCred group is currently giving loans across 4 categories: Consumer Loans, Affordable Housing Loans, Education Loans and SME Loans, with the vision of providing credit for Incredible India.

InCred endeavours to disrupt the status quo in traditional lending with its simplified processes and a razor-sharp focus on serving the unique needs and circumstances of borrowers. InCred raised USD 85 million in its first round of investment that included marquee investors like Anshu Jain, the former Co-CEO of Deutsche Bank, Ranjan Pai of Manipal Group, Gaurav Dalmia of Landmark Holdings, IDFC Private Equity and Paragon Partners among others.

For more information, please visit: www.incred.com
Regards

Akash
 

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