Razorpay Credit Line make withdrawals and repayments | Razorpay Capital

Make Withdrawals

To make withdrawals:

1. Log in to the

   RazorpayX Dashboard

   .
2. Navigate to Line of Credit from the left menu.
3. On the Overview page, click Withdraw Funds.
   
4. On the funds withdrawal screen:

   1. Enter your withdrawal amount and click Proceed.

   2. Choose the EMI tenure for repayment. You can either:

      • Select from the available tenures shown.
      • Click Custom Tenure to customise your repayment tenure in months.
        
      Watch Out!

      Some tenure options are unavailable when the withdrawal amount is too large. Change the preferred tenure or select from the suggested tenures to proceed.

   3. Click Proceed.

5. In the EMI Details screen, you can preview some of the

   withdrawal details

   .
   1. Click See complete EMI schedule → to view the repayment details and schedule. Following is a sample EMI schedule.
   
6. After reviewing the EMI details, click Confirm & withdraw to proceed with the withdrawal request.

When the Withdrawal Initiated success message appears, you have successfully made a withdrawal.

View Withdrawal Summary

The withdrawal summary is available in the Withdrawals section on the Dashboard, as shown.

Make Repayments

You make EMI repayments in two ways from the RazorpayX Dashboard:

• Autopay using NACH

  .

• Make manual EMI Repayments

  .

Autopay Using NACH

By default, EMI repayments are automated. On the 5th of every month, the EMI due amount is automatically debited from your account balance via NACH. You need to ensure there is sufficient balance in your account for the NACH to debit.

• In case of insufficient balance, the automatic collection fails and you incur delayed interest. RazorpayX sends you reminders via email as you near the due date. View your upcoming dues on the Line of Credit Overview page.
  
• When the NACH is created, you can view that information on your LOC Dashboard.
• Once the amount is debited, the withdrawal status is updated as per the

  withdrawal workflow

  .

Manual EMI Payments

You can pay your EMIs manually the following ways:

• Pay from the Overview page.
• Pay from the Withdrawal tab.

Pre-close Withdrawal

When you have the funds to pay off a withdrawal completely, you can choose to pre-close that withdrawal from the Dashboard.

• There are no pre-closure charges when you do so.
• This is a manual process.

To pre-close withdrawal:

1. Log in to the

   RazorpayX Dashboard

   → Line of Credit.
2. Select the withdrawal EMI you want to pre-close from the Withdrawals section. The withdrawal summary pane opens to the right.
3. Click Pre-close withdrawal to the bottom-right.
   
4. In the pre-closure summary pop-up page, review the total amount and interest payable. Click Preclose Withdrawal.
5. Enter your contact details and make a successful payment.

Once we receive your payment, the instalment history gets updated as per the

Related Information

• Razorpay Capital Use Cases

• Top 10 Advantages of a Business Line of Credit

• Capital Partnerships:

  Become a Razorpay Partner & Refer Line of Credit

• Line of Credit FAQs