RupeeLoop Loan-Line of credit

RupeeLoop – Your Reusable Line of Credit

Access a Flexible, Reusable Credit Line – 100% Online, No Collateral

RupeeLoop provides a revolving line of credit designed for ongoing financial flexibility. Once approved, you receive a reusable credit limit that remains available for eligible draws without submitting a new application each time.

Draw only the amount you need from your available credit. As you repay your outstanding balance, the corresponding credit becomes available again for future use, subject to your account status and applicable terms.

The entire process—from credit-line application and eligibility assessment to drawing funds and making repayments—is completed digitally.

Credit Line Details & Disclosures

Approved Credit Limit: ₹5,000 – ₹3,00,000
Credit Line Type: Revolving Line of Credit
Maximum Repayment Period for Each Draw: Up to 365 days
Daily Interest Rate: Up to 0.045% per day
Maximum Annual Percentage Rate (APR): Up to 16.43%
Collateral: Not required

Reusable Credit Feature:
Your approved credit limit is reusable. When you repay an outstanding amount, the corresponding portion of your credit limit becomes available again for future draws, subject to your account status and applicable terms.

There is no need to submit a new credit-line application each time you access available credit.

Cost Example

The following example illustrates the cost of using ₹10,000 from an approved revolving credit line for 100 days.

Amount Drawn: ₹10,000
Daily Interest Rate: 0.045%
Usage Period: 100 days
Interest Calculation:
₹10,000 × 0.045% × 100 days = ₹450
Total Amount Payable: ₹10,450

Interest is calculated based on the actual outstanding amount and the applicable usage period. You may make early or partial repayments without prepayment penalties. Early repayment reduces the period for which interest accrues and therefore may reduce the total interest payable.

How RupeeLoop Works

1. Get Your Credit Line
Complete a digital application and eligibility assessment. Eligible users receive an approved reusable credit limit.

2. Draw Only What You Need
Choose how much to draw from your available credit, up to your approved limit. You do not need to use the entire credit limit at once.

3. Interest Applies to the Amount Used
Interest is calculated on the actual outstanding amount rather than the unused portion of your available credit.

4. Repay Flexibly
Make repayments according to the applicable terms. Early and partial repayments are permitted without prepayment penalties.

5. Your Available Credit Is Restored
As outstanding amounts are repaid, the corresponding credit becomes available again.

6. Reuse Your Available Credit
Access your restored available credit for future draws without submitting a new credit-line application, subject to account status and applicable terms.

Why Choose RupeeLoop?

Reusable Credit Line
Access available credit when needed instead of applying for a new credit facility each time.

Flexible Draw Amounts
Draw only the amount you need within your available credit limit.

Pay Only for Credit Used
Interest is calculated based on your actual outstanding amount and applicable usage period.

No Prepayment Penalty
Repay early or make partial repayments without prepayment penalties.

100% Digital Experience
Apply, access available credit, manage outstanding balances, and make repayments digitally.

Secure Account Protection
We use appropriate security measures to protect personal and financial information.

Eligibility Requirements
Minimum Age: 18 years
Valid Identification: Aadhaar, PAN, Passport, or other accepted identification
Eligibility Assessment: Applicants must successfully complete RupeeLoop's credit-line eligibility assessment
Contact Us

Email: [email protected]
Phone: +91 80928 74742
Address: C/O KULDEEP SINGH KHURD NAJAFGARH NR POLE NO LINE VILL NEW, New Delhi, 110071, India