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CreditMate Receives Investment from PayTM

Read all about us in the news !

 

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/paytm-invests-in-lending-startup-creditmate/articleshow/61739843.cms

 

http://www.business-standard.com/article/companies/paytm-s-investment-in-creditmate-can-give-you-an-emergency-loan-in-a-jiffy-117112200335_1.html

Some supportive words from our new investor.

Featured

Diwali Offer

Buy Yourself a  2nd Hand Two Wheeler this Diwali With Only 10% Down Payment 

Why spend months saving up for a second hand two wheeler when you can have one now with a loan and only 10% down payment?

Treat yourself this Diwali and take advantage of this offer.

We have a stress free application process along with low EMIs and instant pre-approval.

Infact, apply now online on http://www.creditmate.in and get pre- approved in 30seconds.

Only 10% down payment
Special Diwali Offer
Featured

Special loan offer on second hand bikes for Navratri (Gujarat only)

 

Have you always thought that your wife, sister or mother would benefit from their own scooter so that their daily travel is less stressful?

Then look no further.

This Navratri season we are offering customers in Gujarat the chance to avail a two wheeler loan for used scooters or motorbikes at 0% down payment only.

Bring home something special this Navratri with the help of CreditMate.
*For a limited period only * Offer ends on the 30th September 2017.
For more details call us on 022 49244563.  Get Credit and get moving with CreditMate.

Featured

India Runs on Two Wheels!

India is the Worlds largest two wheeler market. With nearly 20 Crore motorbikes on our roads and 2 Crore new bikes sold a year.

Two wheelers are used as daily transport for hundreds of millions of us riding bikes and scooters to work and back, on days out and to deliver goods.

Whilst the New Bike market is well catered for with Loans, the used two-wheeler market has had no formal lenders until now. Did you know that nearly 65% of all new two wheelers are sold on finance?

CreditMate is a specialised second hand two-wheeler lender. We operate in Maharashtra, Gujarat and Rajasthan and are busy adding new markets every day.

Our website makes it easy to get approved for a loan and understand the EMI and interest rates you will be paying. We aim to make owning a great value used motorbike easy and affordable. We have a network of over 100 approved used bike dealers and every one of our vehicles is VAHAN / RTO checked and comes with registration certificates.

Whether you’ve already found your dream ride on OLX or you have one in mind we can help you calculate your EMIs and get moving. It takes only a few seconds to get approved in principle and our loans are disbursed in less than a day!

We cover all bikes from Superbikes, Royal Enfield Bullets to urban Scooters such as the Honda Activa. We lend to customers from all walks of life and backgrounds ‚Äď more than half of our customers have never taken finance before and are self-employed.

We believe that Indian’s deserve a choice and with low down payments and EMIs we aim to make the value of a quality used vehicle available to all.

Get Credit. Get Moving.

Team CreditMate

IVM Podcast Mumbai

IVM Podcasts
Building Out of Bombay

       Shunya One is completing 50 episodes, and to celebrate this, we will be recording the podcast live for the first time at WeWork BKC with a panel discussion featuring Zishaan Hayath (Co-Founder, Toppr.com), Naiyya Saggi (Founder, BabyChakra) and Jonathan Bill (CEO & Co-Founder, CreditMate), along with hosts Shiladitya and Amit.

The topic of discussion is ‘Building out of Bombay’ – an in-depth conversation about startups in Mumbai and stories from startup-founders who have set¬†up businesses in the city and the challenges they’ve faced.

For more detail click here- https://www.facebook.com/ivmpodcasts/

RSVP here: https://goo.gl/forms/mxL9iSPLGa939Dkp2

New Hero Super Splendor with Super New Features

Hero Super Splendor

Hero Motorbikes are the 1St choice of Indian Professionals. Do you know every other bike sold in India is a Hero. That’s why Hero is the world’s largest automaker. Hero MotoCorp is a dominant leader in the 125cc segment with more than 55% market share.

And now, the company has launched the 2018 Super Splendor in India.

The major highlight of the much awaited motorbike is the 125 cc carbureted single- cylinder motor. This new engine is predicted to be more fuel efficient because of Hero’s i3S start-stop technology.

The model comes with exciting body graphics and new colour options like CB Red, Heavy Grey, Black with Fiery Red, Black with Electric Purple, and Graphite Black.

 Hero Super Splendor has a mileage of 75 kmpl and a top speed of 95 kmph.

The Hero Super Splendor starts from price Rs66,000/-(Approx).

This would cost you only 530/- per week* with a loan from CreditMate. We make owning a 2 wheeler affordable.

Take India’s most reliable and affordable motorbike home. We make it simple with easy EMLs, less paperwork and quick pre-approval.  For further information log on to www.creditmate.in or call us on 022-42122222.

Get Credit. Get Moving.

#CreditMate  #CreditMateloans #Bikeonloan #Loanforbike #Bikeloan  #twowheelers #Splendor

#Herobikes #Heromotorbike

*Based on 15 % downpayment and loan tenure of 36 months.

Buy India’s Favorite Two Wheeler on Loan with CreditMate

 

Bike on Loan
Honda Activa 5G on CreditMate Loan

 

 

When it comes to automatic scooters in India, the 1st name that comes to our mind is the Honda Activa. Honda launched the Activa model in 2001. It has become the bestselling scooter in the country.

Did you know that Honda sells one Activa every ten seconds??

The new Honda Activa 5G is available in some fantastic new colours such as Dazzle Yellow Metalic, Trance Blue Metalic, Matte Selene Silver Metalic and many more.

Compared to the  Honda Activa 4G, the Activa 5G includes updated features like the 4 in 1 Lock system, a Seat Opening Switch, 18L  of under Seat Storage and LED Head Lights. These features make your ride more comfortable.

The Honda Activa 5G starts from price Rs. 59,515/-(Approx).

This would cost you only 480/- per week with a loan from CreditMate.  We make owning a 2 wheeler affordable. Apply online or call us on 022-42122222

Now you are just one step away from taking India’s favorite bike at home.  Simply apply online now on www.creditmate.in. Get Credit Get Moving.

#CreditMate  #CreditMateloans #Bikeonloan #Loanforbike #Bikeloan  #twowheelers

What We Do

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What CreditMate Does

We help find your desired bike while providing you the best loan plan to purchase it.

 

Here’s how we can help you:

Loan For Bike

With our extensive network of bikes, we help you find and finance the bike you desire. In case you have already found a bike from OLX/ Quikr/ Dealer/ Other sources, we can help facilitate a loan. We provide an excellent VIP service for those who have a bike in mind but are still searching for a credible source to purchase it from.

Loan Against Bike

We all have times where we require financial help. For those times, we offer you a loan against your bike, during which we keep your bike secure so you can attend the pressing matters in your life.

Frequently Asked Questions

Does CreditMate provide bikes as well or only loan?
CreditMate helps you get your desired bike by helping you with the finance necessary to buy it. If you’ve already selected a bike, we provide you with the most reliable loan you can get. If you don’t know where to get a bike from, we help you through our extended network of bikes.

Are you flexible with preselected bikes or do we have to select from CreditMate Dealers only?
We are flexible when it comes to your bike selection. While we can definitely help you with our extensive network of dealers, we also accept second-hand bikes you may have from OLX/ Quikr/ A Friend/ Others.

How old should a bike be to qualify for a loan by CreditMate?
Your bike shouldn’t be older than 5 years old to qualify for a loan from us. We prefer to have bikes from 2013-2017.

What’s the Downpayment I have to make?
We have a unique structure to calculate a suitable down-payment value based on your comfort and the value of the bike. The best way to know is to apply for a loan.

What will be the Rate of Interest?
The Rate of Interest is dependent on various factors and can differ depending on your bike. We ensure to give you the best rates and the best way to find out the rate is to apply for a loan.

What is the EMI per month?
We offer flexible EMIs and also help you customize your EMI amount on the basis of Tenure and Downpayment. In order to find the EMI range, check our EMI Calculator.

How much time will take to complete the process?
The online loan application process takes 5 minutes. Once we have your documents in place and they’re verified Рwe can disburse the same day.

Whose Account will the loan amount be transferred to?
The loan amount will be transferred to the account of the RC holder.

What documents will CreditMate require from me for a 2-wheeler loan?
PAN Card, Aadhaar Card, House Electricity Bill, Registered Rental Agreement, 3 months bank statement, 3 months salary slip (for Salaried)/ 3 Year IT returns (for self-employed professionals). We may need additional details basis our credit norms.

Depreciation in 2 Wheelers in India

Buying a brand new two-wheeler is a great feeling. However, it can be expensive. In this short article CredtiMate looks at the depreciation modelling of average bikes in India and explains the process.

Like anything Brand New and un registered has a different price to used. Unfortunately, this is the case especially in vehicles where as soon as you drive the bike away from the dealer your new bike is now considered Used. Typically, this means a whopping 15% straight off the value should you need to trade it in.

On average, this value reduction happens fastest in years 0 to 2 then slows down. The rate of the decrease in value can be mapped on a depreciation curve:

Some bike models depreciate faster than others, and some keep their for value longer. So if buying a new two wheeler consider the resale or trade in value for that particular model unless you are planning to keep it for decades until it becomes a classic!

The advent of GST which means that on the road price variations across the country have reduced. In addition, a recent increase in supply of new stock the depreciation from brand new to 1st owner is accelerating. Previously used prices for nearly new bikes were kept high because of limited or delayed availability of the new model (buyers were not prepared to wait for delivery). Now with new stock available for popular models the pricing

This is good news for used bike buyers who want a great quality nearly new bike. You can often save yourself upwards of 25% of the price of new for a less than two year old bike.

Smart Buyers save more!