SamvitLoan - Credit Line App

SamvitLoan brings a dependable revolving credit line to your fingertips. One straightforward application, a fast decision, and funds available the moment you need them — no branch visits, no stacks of paperwork.

Every charge is laid out clearly before you confirm. Repay whenever suits you — there is no penalty for settling early, and your credit limit resets the instant your payment lands, keeping the door open for whatever comes next.

Key Features

Decisions in Minutes, Not Days

SamvitLoan's assessment engine reviews your application the moment you submit it. No queues, no callbacks — a clear credit decision reaches you in minutes so you can move forward right away.

Your Amount, Your Choice

You decide exactly how much to borrow — any figure within your approved limit, not a fixed package. Draw what this moment calls for and keep the remainder ready for whenever you need it next.

Complete Transparency, Zero Surprises

The full cost — draw amount, daily interest, and total repayment — is shown in plain figures before you confirm. No hidden charges, no fine-print traps. What you see is exactly what you pay.

Settle Early, Save More

Interest accrues only while your balance is outstanding. Pay off your draw ahead of schedule — with zero early repayment penalty — and the interest stops the same day. Faster settlement means lower total cost.

Security You Can Count On, Around the Clock

Every layer of SamvitLoan — data storage, transmission, and account access — is protected by enterprise-grade encryption and monitored continuously. Your information is treated with the care you expect from a trusted financial partner, every single day.

Instant Limit Restoration

Clear any outstanding balance at any time and your full credit limit is reinstated without delay — no new application, no repeat identity checks. Your SamvitLoan credit is ready again from the moment your repayment clears.

Credit Line Details

- Credit Line Range: INR 3,000 – INR 50,000

- Maximum Usage Period: up to 365 days

- Daily Usage Rate: up to 0.065% per day

- Maximum Annualized Rate (APR): up to 23.73%

Once you repay your outstanding balance, your credit limit resets automatically to the full approved amount — immediately available again, subject to your current account standing.

Cost Illustration

The example below is purely illustrative — it shows how daily-rate interest accumulates over a typical borrowing period.

- Amount Drawn: INR 10,000

- Daily Rate: 0.065%

- Usage Period: 100 days

Cost Breakdown

INR 10,000 × 0.065% × 100 days = INR 650

Total Repayment: INR 10,650

Interest is calculated daily on the outstanding balance. Drawing a smaller amount, repaying ahead of schedule, or making part-payments all reduce your final cost.

Eligibility Requirements

- Be at least 18 years of age — you must be legally of adult age to enter into a credit agreement under Indian law.

- Hold a valid government-issued ID document — a current, verifiable identity document issued by Indian authorities (Aadhaar, PAN, Passport, or equivalent) is required to confirm your identity.

- Pass SamvitLoan's eligibility assessment — our swift, automated, and impartial review confirms your profile meets our credit standards before access to the credit line is granted.

Customer Support

From your very first application to your final repayment, our support team is on hand to help. Every message reaches a real person who knows our product — and we respond promptly, without exception.

Customer service email: support@samvitloan.com