Better short-term loans with Line of Credit

Get collateral free credit line, access cash up to 25 lakhs with 24*7 withdrawals for your business.

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Use, Repay, Repeat

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Credit Limit up to ₹25 Lakhs

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100% flexibility - No preclosure charges

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Low interest rates - Starting from 1.5% per month

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Reduce interest flow - Pay as you use

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Why should you take Line of Credit vs short-term business loans?

Processing fee

Withdrawal flexibility

Daily interest

Reduce interest flow

Easy to re-withdraw

Line of Credit

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No processing fee

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Withdraw as per need

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Pay as you use

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Pay early to save

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One-click draw

Business Loan

Processing fee

3-4% upfront

Withdrawal flexibility

Full disbursal

Daily interest

Interest on full amount

Reduce interest flow

Fixed interest

Easy to re-withdraw

New application

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Pricing

Starting at
1.5%

interest rate per month, with
no other charges. Pay as you use.

Eg: If you withdraw ₹1 lakh at 1.5% pm and repay in
20 days, you pay only Rs 1,000 as interest.

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APR (Annual percentage rate) ranges from 18% to 32%

Eligibility

Registered business with annual turnover of ₹20 lakhs and operating for at least 12 months

Calculate your EMI

How much capital do you want?

₹ 2,00,000

Rate of interest (monthly)

2.5%

Tenure

3 months

₹ 70,027

Monthly EMI

₹ 10,082

Total Interest

₹ 2,10,082

Total payable

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Apply for Line of Credit in just 3 simple steps

Submit an application

STEP 1

Submit an application

Provide basic business details, credit report and primary bank account statements

Share KYC documents

STEP 2

Share KYC documents

Get approved in one business day, and submit business KYC documents on email

Use, Repay, Repeat

STEP 3

Use, Repay, Repeat

Once active, withdraw funds as per your need, repay and reuse your line for any future requirement

Frequently Asked Questions

FAQs

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Get Line of Credit up to ₹25 lakhs for your business

Don’t pause your business growth due to a cash crunch. Activate Line of Credit for all your planned & unplanned business expenses. Withdraw funds from your Credit Line to manage your cash flow better & grow your business

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Terms & Conditions

For any application and active account-related query on your Line of Credit Facility, please log in to your account and raise a support ticket from the Help menu. Our team will reach out to you within 1-2 business days.

Grivence Process For Line of Credit merchants

If the resolution provided in the above step is not satisfactory, and you want to raise a complaint, you can approach our Grievance Redressal Officer via email. Please share your account ID and Ticket ID of the complaint in the email. We will respond to your complaint within 30 business days. In case of any delay in response, we will communicate the reasons for the same.

Grievance officer details

Mr. Vijay Thakral,
Senior Director - Compliance
nodal-officer@razorpay.com
+91 98860 23388

(Monday to Friday- 10.30AM to 6.00PM,
except public Holidays)

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Gromor Finance Private Limited - Lending Parter (NBFC)

If the resolution provided in the second step is not satisfactory, you can reach out to our Lending partner’s Nodal officer via email. Please forward the first email with more details. The Lending Partner’s team will respond to your complaint within 30 business days. In case of any delay in response, we will communicate the reasons for the same.

Nodal Officer Details

Ms. Rashi Kataria,
AVP Operations
info@gromor.in
+91 95890 78309

(Monday to Friday- 10.30AM to 6.00PM,
except public Holidays)

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Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.

RazorpayX supercharges your business banking experience, bringing effectiveness, efficiency, and excellence to all financial processes. With RazorpayX, businesses can get access to fully-functional current accounts, supercharge their payouts and automate payroll compliance.

Manage your marketplace, automate bank transfers, collect recurring payments, share invoices with customers and avail working capital loans - all from a single platform. Fast forward your business with Razorpay.

Disclaimer: The RazorpayX powered Current Account and VISA corporate credit card are provided by RBI licensed banks. Your RazorpayX powered account is provided by our partner bank, in accordance with RBI regulations. RazorpayX itself is not a bank and doesn't hold or claim to hold a banking license.

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RZPX PRIVATE LIMITED,
Ground Floor, SJR Cyber,
22 Laskar Hosur Road, Adugodi,
Bengaluru, 560030,
Karnataka, India
CIN: U72900KA2020PTC139072

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