pratishgandhi

Hi Rajat, thanks for your comment! We are rolling out auto-debit feature to pull money from the borrower's bank account so that you don't have to track it. We also have processes to followup with borrowers automatically before due dates to remind him to pay the installment.

You're absolutely right about the businesses. We are not giving loans to them at the moment, however we plan to expand to that segment soon.

Thanks a lot! We will revert soon :)

Thanks for the comment! Yes, we understand your risk appetite, and we expose borrowers whose risk profile matches yours. We can also filter or limit as per your preferred purpose.

Like we described earlier, it was test data. Here is the dashboard for your reference (https://www.credy.in/investor_Dashboard) Apologies for the confusion.

Here is our updated investor dashboard https://www.credy.in/investor_Dashboard which shows how Credy portfolio is performing. More metrics coming soon!

Thanks for the comment! a) yes correct b) Please check out our investor dashboard https://www.credy.in/investor_Dashboard to see the data. c) You are absolutely right, language is a big barrier. We are also focusing on credit education and plan to expand to other languages. Please reach us at [email protected] to discuss more.

We totally understand your apprehension, this is a new concept in India. We have some risk mitigation strategies in place and rolling out many more soon (which I may add, typical banks do not use). Please reach us at [email protected] in case you would like to try this as an investment opportunity.

Thanks for the comment! Yes, we will pool money from a lender and disburse it to multiple borrowers to reduce exposure per borrower.

Thanks for the comment!

1. Yes, we do the legal documentation so it is not a headache for you. Legal costs associated with non-payment are covered as part of this contract. 2. We have features like post dated checks and auto-debits from bank account to ensure borrowers pay on time, among other things. 3. We are not planning to become a bank, reason why banks have such a large spread is because they have huge operational expenses. We will always aim to be as lean as possible by automating processes.

Thanks for the comment! Yes, new age lending companies like Credy are doing finance processing electronically and with minimal documentation. Please register as a borrower on the website, we will evaluate your profile.

Sorry about that. In case you can't see it, please check out here - https://www.credy.in

Thanks for the comment! We are launching an Android app soon

Thanks for the comment! The loan interests vary as per type, for example home loans are very long tenor, lower rate and collateralized. For personal loans the rates are typically on the higher side. We offer loans starting from 12%

Thanks for the feedback! We are looking into it.

Thanks for the feedback! Just to add to my partner Harshit's point, we are sending personalized reports to lenders which show live stats.