Credit Star: Line of Credit

About Credit Star: Line of Credit

Credit Star presents a sophisticated unsecured Line of Credit (LOC) application, meticulously assessing the user's credit limit through a comprehensive evaluation of various determinants. These include geographic location, income levels, financial obligations, employment condition, affiliations with corporations, professional standing, property possession, and other relevant criteria.

Main features:
1. Revolving credit line: Users can use this line for short-term loans as needed. This means that instead of having to reapply for a loan each time, you can borrow and repay over and over again within your credit limit.
2. Flexible repayment options: You can decide how much and when to repay. This enables you to choose a repayment plan that suits you based on your financial situation and preferences, allowing you to achieve better financial management.
3. Settlement at any time: You can settle the loan at any time without waiting for the entire loan cycle to end. This means you can pay off the loan early to reduce interest charges if your finances allow it.
4. Convenient and easy to use: The application interface is simple and intuitive, and the operation is simple. Users can easily apply for loans, manage repayment plans, and stay on top of their financial status.

Example of how Credit Star fees are calculated:
Assume the total available credit limit is Rs 30,000, the withdrawal amount is Rs 4,000, and a withdrawal period of 120 days is selected. According to Credit Star's interest rate regulations, the maximum annual interest rate is 18%.
The interest calculation formula is: withdrawal amount x annual interest rate/365 x withdrawal period.
In this case, the interest is calculated as: Rs. 4,000 x 18%/365 x 120 = Rs. 236.
Therefore, the total repayment you need to make within 120 days is Rs. 4,000 + Rs. 236 = Rs. 4,236.
Note: The calculation in this case only calculates interest when the withdrawal amount is 4,000 rupees. The interest calculation will be different for different withdrawal amounts and withdrawal periods.

Credit Star product advantages:
1. Product period: Users can choose to use the credit limit within a time range of 60 days to 180 days
2. Credit limit range: Rs 3,500 to Rs 60,000 (depending on each person’s credit score)
3. Low interest rate: the highest annual interest rate is 18% (nearly 0.05% per day)
4. Handling fee: The platform needs to charge service fee = contract amount * 0.5%
5. Personalized credit limit: Users can obtain an appropriate credit limit based on their repayment ability and credit history
In short, the Credit Star credit line product provides users with flexible loan terms, diverse cash withdrawal ranges, low interest rates, transparent fee structures and personalized credit lines to meet users' short-term loan needs.


To apply for a line of credit with Credit Star, you must meet the following criteria:
1.Must be over 18 years old
2.Must be a local citizen of India
3. Need a stable source of income
4. Have PAN card and mobile number

Contact Information
Contact online customer service within the APP
Email: [email protected]
Address: J.B. Metal Building, 1st Floor Near Saki Vihar Complex, Sakinaka, Andheri East, Maharashtra 400074 India