OpenLimit-Credit Line

About OpenLimit-Credit Line

In life, financial needs often arise suddenly: it could be a temporary household expense, or a short-term cash flow problem at work or in life. Traditional loans typically require users to borrow money immediately after application and repay according to a fixed schedule, which often lacks flexibility. OpenLimit was created to make money management more relaxed and flexible.
OpenLimit is a financial application focused on revolving credit services. Its core concept is "credit first, use later." Through an intelligent risk control system and automated assessment model, the platform comprehensively analyzes your basic information, credit behavior, and multi-dimensional data to provide you with a personalized available credit limit. This limit is not a mandatory loan, but rather a readily available reserve fund.
Unlike traditional loans, once your limit is approved, the funds remain in your account. As long as you do not choose to withdraw, no fees or interest will be incurred. It's more like a readily available "key to funds," which you can access when needed, and will not affect your daily life when not needed.
When you truly need the funds, you can easily withdraw them through a simple operation within the app. Your application will be processed quickly, and funds will be deposited into your account through secure payment channels. Meanwhile, fees will only be calculated based on the actual time you use the funds, making every expenditure more transparent and reasonable.
OpenLimit aims to provide users with more financial options through this flexible credit limit model. Whether dealing with emergency expenses or short-term cash flow needs, you can freely use your credit limit according to your needs without incurring unnecessary costs.

I.Key features of OpenLimit:
Revolving credit line
Flexible fund management
24/7 customer support
Security and privacy protection

II. OpenLimit Credit Limit Explanation
Withdrawal Period: Flexible usage periods are supported, with daily billing available, up to a maximum of 365 days.
Amount Range: Minimum 2,000 INR, maximum 150,000 INR (actual amount subject to system approval).
Daily Interest Rate: Minimum approximately 0.04%/day, equivalent to a maximum annualized interest rate of approximately 14.6%.
Withdrawal Fee: A 3% service fee will be charged on each withdrawal to cover payment channel and operating costs.
Extension Policy: If full repayment is not completed by the due date, the remaining outstanding amount will continue to accrue fees at 0.04%/day until the balance is fully repaid.

Example of Fund Usage:
Assume you withdraw 10,000 INR from OpenLimit for 120 days at a daily interest rate of 0.04%.
1. Actual Amount Received
Withdrawal Fee: 10,000 × 3% = 300 INR
Actual Amount Received: 9,700 INR
2. Interest Calculation
Daily Interest: 10,000 × 0.04% = 4 INR
Total Interest for 120 Days: 4 × 120 = 480 INR
3. Amount Due at Maturity
Principal + Interest = 10,000 + 480 = 10,480 INR
If you repay early within the term, the system will calculate the fee based on the actual number of days used; no interest will be charged for the unused time.

III. Contact Us:
Email:[email protected]
Customer Service Hours: Monday to Friday, 09:30 – 18:30
Contact Address:PL.NO.30, S.NO.79/1A SONCBOLHEGAON AHMEDNAGAR Ahmednagar, Maharashtra, India - 414001