CredR goes pocket friendly with ‘Loan-on-Bikes’ Facility


With the continuous endeavour of making a customer’s buying process hassle free, CredR, one of India’s leading, most trusted, online marketplace for pre-owned two-wheelers, announced a unique bike loan facility for its customers, starting 25th November 2015.

With a minimal income as low as Rs.7,500 per month, customers can now avail the loan facility valid on any bike worth Rs.20,000 and above purchased on CredR. To provide complete assistance to customers, CredR has tied up with Banks, Aggregators and NBFCs to make loan facility available for all customers with an option of installment based payment, thus making the entire purchase process convenient and stress free.

The used automobile market is plagued with lack of credibility and trust which discourages financial bodies from issuing loans on used automobiles. However, by bringing quality assurance through its proprietary inspection mechanism, CredR aims at bringing about standardisation, quality consciousness and trust in this market.

Commenting on the announcement, Sumit Chhazed, Co-Founder, CredR said, “We would like to reach out to every household in the country, thereby making it possible for customers falling across all income brackets, to own a vehicle. In fact we came up with this idea basis repeated feedback from many of our prospective customers. We have partnered with various Banks, Aggregators and NBFCs to help us make the process smooth and beneficial for our buyers.”

He further continues, “Through this offering we will be able to reach consumer clusters such as local business owners, last mile delivery personnel, lower income households, where an asset such as a bike adds immense value. Adding the EMI option will definitely ease the financial burden for these buyers, while still allowing the purchase of a verified, quality vehicle.”

While convenience forms the crux of its offerings, this easy bike loan feature along with the existing benefits such as Free Roadside Assistance, Warranty and Test Ride service on pre-owned two-wheelers are aimed towards making the buying experience of a customer seamless and delightful.

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