Learn how to withdraw funds from your credit limit quickly and easily
Access your CreditLoop account using your registered mobile number or email address and password.
Choose your withdrawal amount between 1,000 INR (minimum) and 50,000 INR (maximum). Make sure the amount doesn't exceed your available credit limit.
Select your repayment period, up to 365 days. Choose a period that works best for your financial situation.
Review all details including withdrawal amount, fees, and repayment schedule. Confirm and submit your withdrawal request.
The minimum withdrawal amount is 1,000 INR per transaction.
The maximum withdrawal amount is 50,000 INR per transaction, subject to your available credit limit.
Your withdrawal amount cannot exceed your available credit limit.
You can choose any repayment period from 1 day to 365 days. Select a period that aligns with your financial planning.
Interest is calculated daily at 0.05% per day. Longer periods mean more interest, but you have the flexibility to repay early.
You can repay early at any time. Interest will be calculated based on the actual number of days you used the funds.
Withdrawal requests are typically processed within 24 hours. Most requests are approved and processed quickly.
Once approved, funds are transferred to your registered bank account. Transfer time depends on your bank's processing.
You'll receive notifications at each stage: when your request is received, approved, and when funds are transferred.
A withdrawal fee of 3% of the withdrawal amount is charged for each withdrawal. This fee is deducted from the withdrawal amount.
You can make multiple withdrawals as long as the total amount doesn't exceed your available credit limit.
All withdrawal requests are subject to security verification. Ensure your account information is up to date.
If you encounter any issues with withdrawals, contact our customer service team for assistance.