new delhi indian ecommerce platform for used automobiles droom has launched droom credit countrys first marketplace to get auto loan for used automobiles on thursday droom credit aims to capitalise on its technological and data science capabilities to make the loan assessment process fully dynamic hasslefree and paperless droom leverages a proprietary algorithmbased credit risk management engine as the fulcrum of its consumer credit marketplace the platform conducts comprehensive loan assessment through its algorithm which computes multiple raw data points to analyse the creditworthiness of an applicant sandeep aggarwal founder and ceo droom said getting auto loan for used vehicles in india has been full of pain points because it takes forever high rejection rate lots of paperwork and unaffordable credit terms hence we wanted to make auto loan process very smooth affordable efficient and paperless the centre of droom credit is a proprietary credit risk engine combined with obv eco history seller transaction history and buyer credit profile we have built a highly advanced completely paperless and instant decision marketplace apart from the assessment report droom credit comes equipped with store manager a lenders dashboard ratings and reviews lenderbuyer kyc and selfconfigurable credit risk panel store manager allows lenders to modify profile settings set credit terms post document requirements and set or manage credit risk profiles along with other vital features etauto published on apr 13 2017 at 0311 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app droom auto loan sandeep aggarwal used vehicles droom credit homenewsaftermarketnow get loan for used automobiles with droom credit