CreditPaisaSetu

CreditPaisaSetu — Unlock Your Credit Limit Wondering how much you actually qualify to borrow? CreditPaisaSetu assesses the information you provide and gives you a clear, honest answer: a credit limit — the maximum amount you are approved to borrow, up to ₹2,00,000. It is not a loan, and simply holding it costs you nothing. You decide whether to use it, how much of it to use, and when. No hidden charges. No fee for holding a limit. No guesswork. ━━━━━━━━━━━━━━━━━━━━━━━ HOW IT WORKS ① Sign In With Your Mobile Number Quick OTP-based login. No passwords, no endless forms. ② Fill In Your Basic Information Occupation, monthly income, education level, marital status, work tenure and a few other essentials. This builds your personal stability profile. ③ Add Your Contact References Select up to 5 contacts as social references. Only the contacts you pick are submitted — your full contact list is never uploaded. ④ Authorise SMS Data (Optional) Only messages from banks, payment platforms and lending institutions are read — never your personal chats. They show how you handle money: regular income, disciplined spending, on-time repayments. Decline the permission and you can still continue; your limit is simply less precise. ⑤ Upload Your ID Card A photo of your Aadhaar or PAN card (front side). Our OCR system checks it against official records, and it is AES-encrypted during upload. ⑥ Get Your Credit Limit Within moments our risk model processes your data and returns your approved limit, along with a breakdown of what drove it. ━━━━━━━━━━━━━━━━━━━━━━━ BORROWING, IN PLAIN TERMS • Interest is charged per day at a flat 0.05%. No processing fee, no handling charge. • Interest = Principal × 0.05% × Days. Total Repayment = Principal + Interest. • Choose any repayment date between 91 and 365 days out. • Repay early and interest is charged only for the days you actually used. • Settle in full and your credit limit is restored, ready to use again. • Repay after your chosen date and a penalty applies: 0.01% per day for the first month of delay, 0.02% per day from one month to one year, and 0.03% per day beyond one year. The full terms are shown on the withdrawal screen before you confirm. ━━━━━━━━━━━━━━━━━━━━━━━ REAL COST EXAMPLE Approved limit: ₹1,00,000 | Withdrawal: ₹40,000 | Tenure: 120 days Daily interest: ₹40,000 × 0.05% = ₹20.00 Total interest over 120 days: ₹20.00 × 120 = ₹2,400 Total repayment: ₹40,000 + ₹2,400 = ₹42,400 ━━━━━━━━━━━━━━━━━━━━━━━ YOUR DATA, YOUR CONTROL • AES encryption protects everything in transit and at rest • Your limit, loan records and repayment dates are visible in the app at any time • You can delete your account and all associated data from within the app • We never sell or share your personal information with third parties • Full privacy policy available in-app and on our website ━━━━━━━━━━━━━━━━━━━━━━━ WHO CAN USE IT For individual users aged 18 and above in India. ━━━━━━━━━━━━━━━━━━━━━━━ GET IN TOUCH We read every message. Seriously. Mail to: [email protected]