InCred, the Mumbai-based financial services group, launched its two-wheeler loan vertical today, offering to make loan disbursals swifter and hassle-free in shorten turnaround time (TAT).
The company's latest announcement is aimed at providing easy and convenient two-wheeler loans to borrowers in India, a move that is in line with the company’s long-term vision of making credit more accessible to Indian consumers.
The new initiative is aimed at boosting sales in the two-wheeler segment, which has been witnessing a significant upsurge in demand in the aftermath of BS-IV vehicular emission upgrades and GST implementation.
“With the automobile sector having registered a significant growth momentum post GST implementation, the demand for two-wheelers have increased drastically in the last couple of months,’’ said Bhupinder Singh, Founder and CEO of InCred. ‘‘Our latest product is designed to fulfil this growing demand by enabling seamless, swift, and hassle-free loans for two-wheeler purchases.”
“Our two-wheeler loans extend a superior user experience and convenience to borrowers across the country. We are confident that our proprietary technological framework and cutting-edge data analytics will assist aspiring consumers in fulfilling their vehicle ownership dreams,” Singh added.
InCred leverages technology and data science to make lending quick and easy. Its wide portfolio of products include consumer loans, affordable housing loans, SME loans and education loans.