API ReferenceIntegrationsKnowledge Base

Capital FAQs

Find answers to some Frequently Asked Questions (FAQs) on Razorpay Capital.

Cash AdvanceπŸ”—

1. What is Cash Advance?πŸ”—

Razorpay Capital Cash Advance is a self-serve short-term loan portal that gives you an unsecured line of credit. You can withdraw an amount of your choice from this line of credit as per your needs and is converted to a short-term loan.

2. How do I apply for a Line of Credit?πŸ”—

To apply for a line of credit, log into your Razorpay Dashboard, navigate to Cash Advance, fill in a few details and submit your application. Know more about Line of Credits.

3. What is the interest on the Cash Advance loans?πŸ”—

The interest rates start at 0.05% per day.

4. How do I make withdrawals?πŸ”—

You can make withdrawals from the Dashboard at your convenience. Know more about Withdrawals.

5. Can I withdraw my entire line of credit in a single transaction?πŸ”—

No. There is a limit to how much you can withdraw in a single withdrawal. This is defined by the Available Withdrawable Amount parameter. Refer to the Credit Details section for more details.

6. Is there a limit to how much I can withdraw in a single withdrawal?πŸ”—

Yes. There is a limit to how much you can withdraw in a single withdrawal. This is defined by the Available Withdrawable Amount parameter. Refer to the Credit Details section for more details.

7. How often can I make withdrawals?πŸ”—

You can make as many withdrawals as you wish provided:

  • You have sufficient balance.
  • You withdraw less than your Available Withdrawable Amount.

8. How do I repayments the money I withdrew?πŸ”—

There are two types of repayments.

  • Daily deductions from your settlement amount.
  • Manual repayments made by you. This is in addition to the daily deductions from your settlement amount. Refer to the Make Repayments section for more details.

Working Capital LoansπŸ”—

1. What is a Working Capital Loan?πŸ”—

A working capital loan is a short term business loan, typically 3 to 12 months, that can be used for day-to-day operations, purchasing inventory, paying salaries, rent or vendors, maintaining essential services and so on.

2. How do I apply for a Working Capital loan?πŸ”—

To apply for a working capital loan with Razorpay, log into your Razorpay Dashboard, navigate to Loans and apply for a loan. All you need to do is upload a few documents and you will receive an offer within 3 working days from the time of application.

3. What is the interest on the working capital loan?πŸ”—

The interest rates start at 1.25% per month.

4. How do I pay back working capital loan?πŸ”—

Razorpay helps you pay your loans in installments of daily, weekly or monthly amounts according to your convenience. You can pay them automatically as a percentage of your settlements.

5. How can I increase my CIBIL (credit) score?πŸ”—

One way to improve your CIBIL (credit score) score is to pay your EMIs on time. Razorpay Capital can help you improve your credit score by getting loans that you can pay back on time automatically.

6. Will my credit score be affected if I generate a credit report?πŸ”—

No, your credit report won’t be affected if you generate a credit report.

7. I have already submitted bank details when I signed up with Razorpay. Should I submit them again?πŸ”—

Yes, as we will need the last 6 months’ bank statement (till date) for processing your loan application.

8. The loan is approved, but I have not received the amount in my account as yet?πŸ”—

Reach out to Razorpay Support, If you have not received the loan amount after approval.

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