Get the funds you need exactly when you need them. That's what INDIE's My Credit Line is all about. With this financial cushion, you are always prepared to tackle any of life's surprises or opportunities without the stress of a tight budget. What's more, you only pay interest on the amount you use. So go ahead, dream big, and do not let financial barriers hold you back from achieving those dreams.
Features
INDIE's My Credit Line is packed with features to give you financial ease and control.
1. Enjoy a seamless process, instant approval, and quick access to funds up to ₹5 Lakh.
2. Get the facility of multiple withdrawals.
3. Pay interest only on the amount you withdraw.
4. Choose a flexible loan tenure and pay through convenient EMIs ranging from 1 to 36 months.
A line of credit or a traditional loan, which one is better? Here are key points to help clarify your confusion.
Borrow anytime and enjoy multiple withdrawals: Need a bit now and maybe some later? With INDIE's Credit Line, you get instant approval and can withdraw funds multiple times within your set limit. Traditional loans offered by financial institutions are a large lump-sum deal. You borrow a large, fixed amount in one go and then pay off your debt, month by month.
Pay only on the amount you withdraw: With INDIE's credit line, you only pay interest on what you use, not the whole amount. Traditional loans charge interest on the total borrowed amount from day one.
Choose your own repayment terms: An instant credit line lets you choose a flexible loan tenure and manageable loan EMI options. Traditional loans have fixed repayment schedules, which might not always align with your cash flow.
Have accessible emergency funds: A line of credit loan can act as a reliable source of emergency funds. You don't pay interest unless you borrow, yet it's always there if needed. With a traditional loan, interest accrues on the full amount upfront, whether you use all the funds immediately or not.
INDIE's My Credit Line offers easy-to-meet eligibility criteria. The major requirement is holding an INDIE savings account which you can quickly set up with your Aadhaar and PAN card details. Once done, you can access a tailored credit line based on your credit score. Download the app now and complete the basic eligibility criteria yourself to find out how much you qualify for.
