QaviraLoan - Line of Credit

Get the freedom to borrow, repay, and borrow again with QaviraLoan’s Line of Credit — a flexible solution designed to help you manage everyday expenses with ease.

Loan Information:

Credit Limit: ₹3,000 to ₹80,000
Duration: 93–120 days
Interest Rate: 0.05% per day, calculated daily
Processing Fees: None – No service or hidden fees!
Max APR (Annual Percentage Rate): 18.25%

How QaviraLoan Line of Credit Works:

Instant Credit Access: Borrow up to ₹80,000 based on your eligibility. Once approved, your credit limit is available for you to withdraw when needed.

Pay as You Go: Interest is charged only on the amount you withdraw. You can repay early without penalties.

Restoring Your Limit: As you repay your outstanding balance, your available credit limit is restored, allowing you to borrow again within your approved limit.

Example Calculation:

Let’s look at a simple example:

Credit Limit: ₹10,000
Daily Interest Rate: ₹10,000 × 0.05% = ₹5 per day
Total Interest for 93 Days: ₹5 × 93 = ₹465
Total Repayment: ₹10,000 + ₹465 = **₹10,465**

Why QaviraLoan Line of Credit Stands Out:

Flexible Borrowing: Borrow what you need within your approved credit limit and repay according to your selected repayment schedule.

Transparent Rates: A daily interest rate of 0.05%, with no processing or hidden fees.

Convenient Access: Once your application is approved, your available credit limit can be accessed when you need funds.

Dedicated Support: Our customer support team is available to assist with questions about your account, credit line, and repayments.

QaviraLoan is designed to provide a flexible way to manage planned and unexpected expenses. With an approved Line of Credit, you can access funds when needed and restore your available limit as you repay.