How to Improve Your Loan Approval Chances for an E-Rickshaw Loan
Owning an electric rickshaw can be a game-changer for daily earners. It gives you independence, reduces operational costs, and increases your take-home income. But before you can start earning more on your own terms, there’s a key step—getting your e-rickshaw loan approved.
The good news is that securing a loan doesn’t have to be a long, confusing process. With the right preparation and the right lending partner, your chances of approval can improve significantly, even if you're new to credit.
Here’s what lenders typically look for and how you can put your best foot forward.
1. Prepare the Right Documentation
Lenders need to verify your identity, address, and income to process your loan application. With digital lending platforms like Revfin, the paperwork is minimal, and the process is designed to be inclusive, especially for first-time borrowers.
Source: https://revfin.in/resources/bl....ogs/e-rickshaw-loan-
