Here is how the application process for Line of Credit works:
-
Visit the
page.- Enter your mobile number and complete the OTP verification process.
- Enter your name to create an account with Razorpay. You are then redirected to the LOC application form.
- Enter your mobile number and complete the OTP verification process.
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Enter the necessary details required to complete the Line of Credit application.
- Provide business and personal details applicable as per your business type.
- Authorise Razorpay as a representative to conduct a credit check from CIBIL/Experian.
- Submit the form.
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After we receive your details, we perform a credit verification and eligibility check.
- At this stage, you must either:
- Manually upload your bank account statement.
- Upload bank account statement through netbanking via Perfios.
- We process and review your details, and ask you to confirm your email.
- At this stage, you must either:
-
Based on your eligibility, we evaluate an offer for you and show the sanctioned credit limit.
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After you have accepted the offer, submit your KYC details and sign the relevant agreement documents.
Watch Out!
Currently, Line of Credit is only available for registered businesses.
You can now log in to your
and:- from your line, 24/7.
- Choose the tenure within which you want to repay the withdrawn amount, including the interest accumulated.
- in two different ways, or pre-close withdrawal.