CreditPaisaSetu

CreditPaisaSetu — Unlock Your Credit Limit

Wondering how much you actually qualify to borrow? CreditPaisaSetu assesses the information you provide and gives you a clear, honest answer: a credit limit — the maximum amount you are approved to borrow, up to ₹2,00,000. It is not a loan, and simply holding it costs you nothing. You decide whether to use it, how much of it to use, and when.

No hidden charges. No fee for holding a limit. No guesswork.

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HOW IT WORKS

① Sign In With Your Mobile Number
Quick OTP-based login. No passwords, no endless forms.

② Fill In Your Basic Information
Occupation, monthly income, education level, marital status, work tenure and a few other essentials. This builds your personal stability profile.

③ Add Your Contact References
Select up to 5 contacts as social references. Only the contacts you pick are submitted — your full contact list is never uploaded.

④ Authorise SMS Data (Optional)
Only messages from banks, payment platforms and lending institutions are read — never your personal chats. They show how you handle money: regular income, disciplined spending, on-time repayments. Decline the permission and you can still continue; your limit is simply less precise.

⑤ Upload Your ID Card
A photo of your Aadhaar or PAN card (front side). Our OCR system checks it against official records, and it is AES-encrypted during upload.

⑥ Get Your Credit Limit
Within moments our risk model processes your data and returns your approved limit, along with a breakdown of what drove it.

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BORROWING, IN PLAIN TERMS

• Interest is charged per day at a flat 0.05%. No processing fee, no handling charge.
• Interest = Principal × 0.05% × Days. Total Repayment = Principal + Interest.
• Choose any repayment date between 91 and 365 days out.
• Repay early and interest is charged only for the days you actually used.
• Settle in full and your credit limit is restored, ready to use again.
• Repay after your chosen date and a penalty applies: 0.01% per day for the first month of delay, 0.02% per day from one month to one year, and 0.03% per day beyond one year. The full terms are shown on the withdrawal screen before you confirm.

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REAL COST EXAMPLE

Approved limit: ₹1,00,000 | Withdrawal: ₹40,000 | Tenure: 120 days

Daily interest: ₹40,000 × 0.05% = ₹20.00
Total interest over 120 days: ₹20.00 × 120 = ₹2,400
Total repayment: ₹40,000 + ₹2,400 = ₹42,400

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YOUR DATA, YOUR CONTROL

• AES encryption protects everything in transit and at rest
• Your limit, loan records and repayment dates are visible in the app at any time
• You can delete your account and all associated data from within the app
• We never sell or share your personal information with third parties
• Full privacy policy available in-app and on our website

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WHO CAN USE IT
For individual users aged 18 and above in India.

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GET IN TOUCH
We read every message. Seriously.
Mail to: [email protected]