CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
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Unemployment has been a major problem in India for many decades. It has even snowballed into other socio-economic issues like a spike in crime rates and the rate of suicide. According to recent reports, nearly 31 million people across India are unemployed.
Availing a personal loan is easy if there is a steady source of income for the applicant. This is one of the most important decisive factors since a loan can be repaid only when there is a steady source of income with the applicant.
Unemployment data is a frequently used measure to indicate the health of an economy. The general rule of thumb is that in a fast-growing economy, the unemployment rates decrease steadily. On the other hand, when an economy enters a recession, the unemployment rate increases drastically. Besides, indicating the performance of the economy, unemployment rates are also used to gauge consumer confidence levels and investor sentiment.
To avail car loans in India, proof of steady income is the most deciding factor. After all, the bank or other lender wants to be assured that you have a steady stream of revenue so that you can repay the loan regularly. Does that mean it is not possible to avail an auto loan if you are unemployed?
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application