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How CreditLoop Works

Four simple steps to get your credit limit and start using flexible funds

01

Register & Credit Assessment

Complete your registration with basic information and identity verification. Our big data risk control model will analyze your identity information, consumption behavior, and historical credit records to assess your credit value.

  • Simple registration process
  • Identity verification
  • Credit assessment using advanced algorithms
02

Get Your Credit Limit

After assessment, you'll receive your available credit limit. No fees are incurred if you don't withdraw or use the funds. This is equivalent to reserving readily available backup funds for you.

  • Instant credit limit approval
  • No fees until you withdraw
  • Available whenever you need it
03

Withdraw as Needed

Choose your withdrawal amount (1,000 to 50,000 INR) and period (up to 365 days) flexibly according to your needs. Interest is only charged when you choose to withdraw and use the credit limit.

  • Flexible withdrawal amounts
  • Choose your repayment period
  • Quick processing
04

Flexible Repayment

Repay on your schedule. If you repay early, the bill will be calculated based on the actual number of days the withdrawal was made. This provides you with greater flexibility and security.

  • Flexible repayment schedule
  • Early repayment option
  • Transparent fee calculation

Detailed Application Process

1

Create Account

Download the CreditLoop app or visit our website. Create your account with your mobile number and email address.

2

Identity Verification

Upload a clear photo of your valid ID card. Our system will verify your identity automatically.

3

Credit Assessment

Our big data risk control model analyzes your information. This process usually takes just a few minutes.

4

Get Credit Limit

Once approved, you'll receive your credit limit notification. You can start using it immediately.

Withdrawal Guide

Select Amount

Choose your withdrawal amount between 1,000 INR (minimum) and 50,000 INR (maximum).

Choose Period

Select your repayment period, up to 365 days. You have full flexibility to choose what works for you.

Quick Processing

Your withdrawal request is processed quickly. Funds are typically available within 24 hours.

Repayment & Calculation Example

Example Calculation

Withdrawal Amount: 10,000 INR
Period: 120 days
Daily Interest Rate: 0.05%
Withdrawal Fee (3%): 300 INR
Amount Received: 9,700 INR
Total Interest: 600 INR
Total Repayment: 10,600 INR

If you repay early, the bill will be calculated based on the actual number of days.

Frequently Asked Questions

How long does the credit assessment take?

The credit assessment process usually takes just a few minutes. Our big data risk control model analyzes your information quickly and efficiently.

Can I withdraw multiple times?

Yes, you can make multiple withdrawals as long as the total amount doesn't exceed your credit limit. Each withdrawal has a 3% processing fee.

What happens if I don't use my credit limit?

If you don't withdraw or use the funds, no fees are incurred. Your credit limit remains available for whenever you need it.

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