About CredRight

90% of 50 mn Micro & Small Entrepreneurs (MSEs) in India do not have access to formal institutional credit & depend on informal sources with a debt gap of $500 bn. As most MSEs serve in the Services industry they also lack collaterals which banks seek to extend credit to MSEs and due to limited or no visibility of the cash flows, low ticket sizes, high transactional costs, traditional lenders like NBFCs also find the sector unattractive.

2.5 mn MSEs subscribe to ROSCAs/Chit Funds and use them as a primary source of working capital/inventory purchase capital. There are 10,000 plus registered Chit Funds with more than $10 bn of collections & disbursement each. However, it takes subscribers an average of 5 months to receive their chit prize from Chit Funds and the interest rates are highly variable. To meet the short term demand most MSEs, who also subscribe to chit, either go to money lenders or friends/families which affect their businesses due to high cost of capital or remain unserved/underserved.

CredRight facilitates formal institutional credit to MSEs who are also active subscribers to ROSCAs/Chit Funds. Using Machine Learning and state of the art analytics, CredRight’s unique credit model assess more than 800 data points and is able to build a highly accurate credit profile of the applicant(s) and realistic cash flows. Loans are sanctioned within 24 hours and money is disbursed to customer’s account within 3 days. The entire lending process is highly digitized making it very easy for the customers to avail credit.



Apply online from anywhere

Apply in 10-15 mins

Loan approval within 24 hours

Loan disbursal within 3 days

Flexible repayment option

No collateral or lien

No prepayment penalty


Multiple visits to Branch

Takes days to apply for a loan

Loan approval takes weeks

Loan disbursal takes months

Fixed EMI collection

Collateral, Lien etc.

Significant Penalty

Core Values


Trust is the foundation of our institution. We believe that collaborating transparently requires a healthy balance between honesty and authenticity while respecting one another.


Innovation is our core. We embrace technology and apply that to unlock the future, today. We dream big and we innovate ways to achieve it. We practice an anti-herd mentality and challenge the way the world thinks.

Customer Centricity

We create extraordinary experiences, with customer-first mind set. We turn negatives into positives and think outside the box to deliver solutions. We go to exceptional lengths to amaze our customers & partners.

Management Team

neeraj credright

Neeraj Bansal

Co-Founder & CEO

In the past:

Head of Strategy, Banking & FS : Tech Mahindra

Head of Benelux : Syntel

IIM Lucknow & BIT Durg

manish credright

Manish Muralidharan

Head Credit & Operations

In the past:

Branch Head : Federal Bank

SME Credit Risk : Federal Bank

IIBF (2012) & NSS CoE

Venkanna credright

Venkanna Babu

Head IT

In the past:

Tech Lead : Univariety

Also worked at Qualminds,GMI

MSC(C.S) (2002) & Andhra Uni

Board of Directors & Advisors

Subhasri credright

Subhasri Sriram


Served as CFO and Exec Director of Shriram City Union Finance Ltd

Sivaramkrishnan credright

TS Sivaramkrishnan

Non Exec Director

Chit Fund Industry Veteran

All India Association of Chit Funds - General Secretary

Vineet credright

Vineet Jawa

Non Exec Director

Serial Entrepreneur

LendingKart, Idfy, Gaboli

Frequently asked questions

What is the typical tenor of loans?
CredRight Loans usually have a tenor in line with short financing requirements of your business. The tenor is commonly from 1 month to 12 months.
What are the loan amounts of CredRight?
CredRight loan amounts range from 50,000 to 10 lacs.
What are the interest rates?
CredRight generally have competitive interest rates and rates are linked to the creditworthiness of the borrowing entity.
What are the repayment terms?
The interest is repayable monthly/quarterly. The principal amount is repayable at maturity or on the date of receiving chit prize whichever is earlier. Borrowers also have flexibility to prepay the entire loan. Partial prepayments are also allowed.
How can I pay the Interest?
Interest can be paid through hassle free NACH/ECS services via any bank or PDCs.
Do I need to be a Chit Fund customer to get loan?
Yes, we only provide loans to Chit Fund customers. We are happy to refer you to one of our respected Chit Partners.
Is your Loan product interest only or do I need to pay EMI?
Our loan is Interest only loan with principle payable at maturity or on the date of receiving chit prize whichever is earlier.
What are CredRight business solutions to SMEs?
Decided to avail a business loan to expand your business or meeting working capital requirements? Make a request on our website and wait for response to e-mail within 15-30 minutes from the time of the request during business hours.
How to apply?
You need to fill out the CredRight online application on the website and CredRight would contact you within 4 hours during business hours. Submit documents online andCredRight processes your loan with minimal documentation.
Do I need to upload any documents online at the time of application?
At the time of application, you need to upload KYC documents of the business, KYC documents of the proprietor/partners/directors, bank statements of the last six months, last two years IT returns and VAT returns for the last 12 months. The documents can be also sent to us using whatsapp.
In how many days can I expect decision on my loan application?
Once you submit the required documents, we would process your loan in 24 hours and provide you the quote. The loan amount would be credited within 72 hours from the submission of all documents.
Do I need to provide any security for the loan?
Our loans are unsecured. We do not take any security/collateral for the loan. However, we do require sureties for the loan.
How do I repay the interest and principal amount?
Interest is to be paid using NACH/ECS/PDCs. Principal amount would be collected after you winning the chit prize or on date of maturity whichever is earlier.

Registered Address:

CredRight Pvt. Ltd.

No 19, Shivdarshan Apartment,

80 Infantry Road ,

Bengaluru, Karnataka, 560001

Office Address:

CredRight Pvt. Ltd.

Uptown Cyberabad, Level 4C,

Eternal Corporate Services,

100 Feet Rd, Ayyappa Society

Hyderabad, Telangana, 500081