CreditLoop-Revolving Credit

CreditLoop is not a traditional lending app, but a financial tool centered on credit limit assessment.

We use a big data risk control model to comprehensively analyze a user's identity information, consumption behavior, and historical credit records to assess the user's credit value and provide an available credit limit.

Unlike traditional loan apps, CreditLoop does not require users to borrow money from the outset.

After completing the credit assessment and obtaining a credit limit, no fees are incurred if the user does not withdraw or use the funds. This is equivalent to reserving readily available backup funds for the user, rather than forcing debt.

Interest is only charged when the user chooses to withdraw and use the credit limit according to their needs.

This "assess first, use later, pay as needed" model provides users with greater flexibility and security.

CreditLoop is better suited to modern people's financial needs, helping users manage cash flow pressures when needed while avoiding unnecessary borrowing burdens and providing ample buffer space for personal financial management.

CreditLoop Highlights:

* Simple Application Materials: Only identification is required for application.

* Efficient and Convenient: Simple approval process.

* Flexible and Convenient: Withdrawals as needed, flexible amounts.

* Full Support: Professional customer service team provides assistance.

* Information Security: Strict data encryption protects user privacy.

CreditLoop Credit Limit Introduction:

* Flexible withdrawal period, users can choose themselves, with a maximum of 365 days.

Withdrawal Amount: Minimum 1,000 INR, Maximum 50,000 INR

Daily Interest: 0.05%/day, equivalent to a maximum of 18.25%/year

Withdrawal Fee: 3% of the withdrawal amount, charged for each withdrawal due to payment needs.

If the loan is not repaid by the due date, for example, if a user originally planned to withdraw for 30 days but needs to extend it to 45 days, the extra days will still be charged an extension fee of 0.05%/day.

Example Withdrawal Calculation:

If withdrawing 10,000 INR for 120 days, with an annual interest rate of 18.25%:

Daily Interest Rate: 18.25%/365 = 0.05%

Daily Interest Payable: 10,000 * 0.05% = 5 INR

Monthly Interest Payment: 10,000 * 0.05% * 30 = 150 INR. Monthly payment: 10,000 * 0.05% * 30 + 10,000 / 120 * 30 = 2,650 INR.

Total interest: 10,000 * 0.05% * 120 = 600 INR.

Total payment: 10,000 + 600 = 10,600 INR.

Withdrawal fee: 10,000 INR * 3% = 300 INR.

User's received amount: 10,000 INR - 10,000 INR * 3% = 9700 INR

The user will receive a credit withdrawal amount of 9700 INR, which will be repaid in 120 days, amounting to 10,600 INR.

If the user repays the amount early, the bill will be calculated based on the actual number of days the withdrawal was made.

Age and Identity Requirements: 18 years of age or older (minors cannot apply), must hold a valid ID card.

Contact Us:

Our working hours: Monday to Sunday 08:00-18:00

EKSOTIC TRAVELEM LLP

Web:https://eksotictravel.com/

Email:assist@eksotictravel.com

Address:535, S/F, JJ Colony, Raghubir Nagar, Delhi, New Delhi, Delhi, 110027