TapStart Credit Line is designed with in-built flexibility. You can borrow up to Rs 5 Lakhs and tailor your withdrawals according to your needs. You can withdraw as low or Rs 3000 to as high as your credit limit.
TapStart Credit Lines start at an interest rate of 1.08% per month (13% per annum* ). The maximum Annual Interest Rate can go up to 42% (However, only a fraction of our customers get an interest rate higher than 30% per annum). You pay interest only on the amount you withdraw, and not on the entire credit line. If you decide not to use the line of credit, you do not have to pay any interest on it.
Notes:
*Interest Rate varies based on your risk profile.
TapStart Credit Line | |
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Type of credit | Revolving |
Loan limits | Up to Rs 5 Lakhs |
Starting interest rate | Variable-rate - 1.08% per month |
Fees | Processing fees, Line activation fees, Usage fees and Late fees |
Tenure | 3 months to 36 months |
Repayment | Monthly |
Funding Method | Ongoing access |