LoanChalo - Credit Line App

LoanChalo puts a flexible revolving credit line in your hands — ready whenever you need it, for whatever you need it for. One application is all it takes. Get a decision fast, withdraw the exact amount you want, and manage everything from your phone.
No guesswork on costs. Every rupee of interest is shown to you before you confirm. Repay ahead of time and your balance resets — so your credit is always working for you, not against you.

Key Features
Approvals That Don't Keep You Waiting
Our automated engine processes your application in real time. No waiting days for a call-back — you get a clear credit decision within minutes, so you can act while the moment is still there.
Draw the Amount You Actually Need
You choose the figure — not us. Pick any amount within your approved limit, draw it to your account, and leave the rest available for another time. No bundled amounts, no pressure to borrow more than you want.
Every Cost Shown Upfront
Before you tap confirm, LoanChalo displays the full breakdown — the amount drawn, the interest, and the total you will repay. Nothing is hidden. Nothing appears after the fact. What you see is what you pay.
Repay Early, Owe Less
Interest stops the moment your balance clears. There is no penalty for settling ahead of schedule — the earlier you repay, the less you pay in total. Your discipline is rewarded, not penalised.
Your Data, Always Protected
End-to-end encryption, role-based access controls, and round-the-clock threat monitoring keep your personal and financial data safe at every stage — in transit and at rest, every single day.
Instant Limit Restoration
Settle your outstanding balance whenever you're ready and your full credit limit is restored at once — no fresh application, no repeat verification, no delay. LoanChalo credit stays live and available from the moment your repayment clears.

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 650
Total Repayment: INR 10,650
One day's interest is charged for every calendar day . The balance remains outstanding. Drawing less, repaying sooner, or making partial payments all reduce the 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 LoanChalo's eligibility assessment — our consistent, impartial review confirms your profile meets our credit standards before access to the credit line is granted.

Customer Support
From your first application to your last repayment, our support team is here to help. Every message is read by a real person who knows the product — and we reply promptly, every time.
Customer service email: support@loanchalo.com