UdaanLoan - Credit Assistant

UdaanLoan keeps an approved revolving credit facility available in your app whenever a permitted need arises. One profile review sets the usable limit, and the unused portion remains on standby without any cost until you choose to draw. You decide the amount to take and the repayment timing instead of accepting a preset package. Before each draw moves forward, the app lays out the daily rate, expected interest, and repayment total in clear numbers. Charges apply only to the amount taken and only while it remains unpaid; once repayment is completed, the limit is restored for future use, subject to your current account standing.
Key Features
Decision Returned Without Waiting
Apply from any location and let UdaanLoan begin the automated profile review at once. The process avoids branch visits, long queues, and the extended delay of traditional checks, returning a clear credit decision in minutes.
Choose the Draw Precisely
Pick the exact amount needed for the present situation while leaving the remaining approved limit untouched. You can draw what is required, review the payable cost first, and keep the rest available for a later need.
Charges Displayed Before You Tap
Before a draw is confirmed, UdaanLoan presents the daily rate, total interest, and final repayment amount. Each figure is shown upfront, with no hidden charge and no fine-print cost added after confirmation.
Early Settlement Lowers Cost
Clearing the balance before the planned date reduces the interest payable. UdaanLoan does not charge an early repayment penalty, so closing the draw sooner means the total amount you pay can be lower.
Safeguards Running Every Hour
Your information is protected while it moves, while it is stored, and whenever the account is accessed. End-to-end encryption, role-based permissions, and continuous automated checks help guard the account day and night.
Limit Restored After Repayment
As soon as the outstanding balance is repaid, the full credit limit is reinstated immediately. No new application, resubmission, or waiting period is required before the approved limit becomes available again.
Credit Facility 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%

After you repay your outstanding balance, your credit limit resets automatically to the full approved amount and becomes available again immediately, subject to your current account standing.
Cost Illustration
This example is for illustration only and shows how interest at a daily rate may build during a typical usage 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
The actual amount payable depends on the sum you draw and the exact number of days the balance remains outstanding. Repaying earlier can reduce your 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

For identity confirmation, provide a current and verifiable government-issued document from Indian authorities, such as Aadhaar, PAN, Passport, or an accepted equivalent.

Pass UdaanLoan's eligibility assessment

UdaanLoan's consistent and impartial review checks whether your profile meets our credit standards before access to the credit line is granted.
Customer Support
Whether you are opening UdaanLoan for the first time or already using the service, our support team can help with account setup questions and repayment guidance.
Customer service email: support@udaanloan.com