NexusLoan - Credit Line App

NexusLoan is a revolving credit platform that gives you on-demand access to a dedicated credit line — ready when you are, at no cost while it sits unused. A single profile review determines your approved limit, which remains on standby until you choose to draw. Interest applies only to the amount you borrow, only for the days it remains outstanding. You decide how much to take and when to repay.

Key Features

Decisions Without Delay

Submit your application from wherever you are. NexusLoan's automated assessment reviews your profile immediately and returns a credit decision without the extended wait of traditional processes — no branch visits, no long queues.

Borrow the Exact Amount

Select the precise amount this moment requires and leave the rest untouched. Draw what you need, see the full cost upfront, and preserve the remainder of your credit limit for your next need.

No Hidden Charges

Before any draw is confirmed, NexusLoan shows you the complete breakdown — daily rate, total interest, and final repayment amount. Every figure is visible before you tap. Nothing is buried in fine print.

Repay Early, Pay Less

Settling your balance ahead of schedule reduces the total interest you owe. There is no penalty for early repayment — the sooner you clear the balance, the less you pay overall.

Always-On Protection

Your data is protected at every stage — in transit and at rest. End-to-end encryption, role-based access controls, and continuous automated monitoring keep your account secure around the clock.

Instant Limit Restoration

The moment you repay your outstanding balance, your full credit limit is immediately reinstated — no new application, no resubmission, no waiting period required.

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 650Total Repayment: INR 10,650Your actual repayment depends on the amount you draw and the exact number of days it remains outstanding. Repay earlier to reduce your total 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 NexusLoan's eligibility assessment — our consistent, impartial review confirms your profile meets our credit standards before access to the credit line is granted.

Customer Support

Whether you are new to NexusLoan or an existing user, our support team is ready to help — from account setup questions to repayment guidance.

Customer service email: support@nexusloan.co