Starting a new company is always exciting for founders and directors. 🚀 You’ve built something from scratch, hired a team, and are working towards growth. But while you’re focused on business goals, have you ever thought about the financial challenges your employees face?
One major issue is loan rejection for employees working in newly formed or unlisted companies. Let’s explore why this happens and how Shivafinz can be the game-changer.
Why Employees of New Companies Struggle to Get Loans?
In India, over 7 lakh companies have been formed recently. While this shows the strong startup ecosystem, it also creates challenges:
- 🏦 Unlisted Employers: Banks and NBFCs often hesitate to approve loans if the company is not listed in their systems.
- 📉 Multiple Loan Applications: Employees apply to several banks at once, leading to multiple hard enquiries.
- ❌ CIBIL Score Damage: Repeated rejections and multiple checks pull down their CIBIL score.
- ⏳ Delays in Approval: Even employees with a good salary and stable job face weeks (or months) of delay.
This not only affects employees but also increases financial stress at the workplace.
How Shivafinz Provides the Solution
At Shivafinz, we understand both sides – the banking policies and the employee needs. Here’s how we help:
✅ Guaranteed Loan Approval & Disbursal
We partner with founders and directors to ensure their employees’ loan applications are recognized and approved.
✅ CIBIL Protection
Instead of multiple loan enquiries, we create a direct, smooth channel to avoid unnecessary CIBIL score damage.
✅ Faster Process
No long waiting periods. With Shivafinz, approvals and disbursals happen in a much shorter timeframe.
✅ Trusted Financial Guidance
We also counsel employees on how to manage their credit, EMIs, and loan responsibilities effectively.
Benefits for Founders & Directors
By partnering with Shivafinz, you don’t just help your employees – you also strengthen your company culture:
- 💼 Better employee satisfaction & retention
- 🛡️ Reduced financial stress in your team
- 🤝 Enhanced employer branding (employees feel supported)
- 🚀 Focus on growth while Shivafinz handles employee loan needs
Final Thoughts
Employees are the backbone of any company. If they are struggling financially due to loan rejections, their productivity and trust can be impacted.
With Shivafinz, founders and directors can ensure seamless loan approvals for their workforce, protect their CIBIL scores, and build a stronger employer-employee relationship.
📩 Are you a founder or director? Partner with Shivafinz today and give your employees the financial freedom they deserve!