Loangranted is a loan offering from Vivifi India Finance Private Limited, a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI)*

Line Of Credit Loan in India from Loan Granted provides quick and prompt solutions for individuals dealing with the unexpected financial crisis. It is hard to make ends meet before the salary is actually credited to the account, and sometimes it even becomes harder to acquire access to immediate cash in crisis time. Loan Granted helps in addressing such issues and provides line of credit loans to meet the immediate needs of people in financial trouble.

These days, traditional lending is not considered flexible, hence the need of the hour is well served by the line of credit loans. Loan Granted comprehends the monetary demands of an individual and approves the maximum amount of money as a line of credit loan which is referred to as credit limit, thereby providing an option to choose and withdraw any amount up to the maximum credit limit. For any unplanned emergencies, managing the expenses can be solved through line of credit loans. A line of credit is a predetermined amount of money where the maximum amount can be withdrawn from the credit limit and the interest will only be paid on the amount borrowed, against a set period of time.

Line of Credit Loan In India: Features and Benefits

Loan Granted is a loan offering from Vivifi India Finance Private Limited, a non-banking finance company (NBFC) registered with the Reserve Bank of India (RBI). It offers India’s quickest online line of credit loans with disbursal in just 24 hours and a loan up to INR 5,00,000 by not compromising on any guarantees. The loan can be processed further with certain eligibility criteria and the submission of basic documents. Loan Granted is offering a line of credit loan with appealing benefits mentioned below:

  • No collateral - Line of credit loans at Loan Granted are collateral-free. As the applicant is not required to submit his assets as a security for the loan, he is even subjected free from risk in case of non-payment.
  • Quick verification - The loan application is quickly verified and the loan eligibility of the applicant is promptly determined at Loan Granted.
  • Complete digital process - An online application form will be provided to the borrower to fill in the details along with the submission of some necessary documents.
  • Minimal documentation - You don’t have to submit so many documents for the approval of your loan. We just need a few basic documents to approve your loan.
  • Speedy disbursal of funds - At Loan Granted, once your loan is approved, the cash gets paid into the applicant’s account instantly, with less wait time.
  • Options for all credit ratings - Loan Granted offers a line of credit loan to borrowers even with less than perfect credit history.
  • Flexible EMIs - As the Equated Monthly Instalments (EMIs) are not fixed, borrowers can choose to pay either the minimum amount or full amount at a time. However, individuals are required to pay a minimum amount every month.

Line of Credit Loan in India: Eligibility

Loan Granted understands that an individual might face any financial emergency in his/her life and we serve as an immediate rescuer to help solve their financial related troubles very easily; by providing a line of credit loan for salaried professionals. This loan helps in affording the costs of car repairs, home maintenance, credit card debts or medical bills. No compelling reasons to check on the line of credit loan eligibility. Listed below are the eligibility criteria that are required to get line of credit loan approval online.

  • Must be of Indian nationality
  • Should be a salaried individual
  • Minimum eligible age is 18 years
  • Income should be at least INR 8000

Documents Required to Apply for a Line of Credit Loan in India

Listed below are the documents required to get line of credit loan approved online at Loan Granted:

  • Identity proof such as Passport, Voter’s Id, Aadhaar card, Driving Licence, etc.
  • Address proof such as Electricity Bill, Telephone Bill, Gas Bill, Rental Agreement, Passport, Ration Card, etc.
  • PAN card
  • Income proof such as Bank Statement
  • Last 3 months Payslips.
  • Passport size photographs

Loan Amount

Avail line of credit loans from INR 4,000 to INR 5,00,000 with Loan Granted. The applicants utilize the loan amount for reasons such as day-to-day living expenses, debt consolidation, credit building, vacations, professional or any other medical emergencies.

Loan Tenure

The tenure of a Loan Granted line of credit loan is up to 3 years.

How to Apply for a Line of Credit Loan in India at Loan Granted?

Here is the step-by-step procedure to get line of credit loan in a day:

  • Go to Loan Granted website and click apply now. You will be redirected to the online loan application page.
  • Fill in your personal details, employment details, and income details.
  • Submit the loan application form along with the mandatory documents.
  • The funds will be transferred to your account within 24 hours.

A Line of Credit loan through Loan Granted offers huge benefits to the salaried professionals to meet their financial needs. The best part is the applicant will only be charged for the amount that is withdrawn regardless of the amount sanctioned to the applicant, thereby making the repayment easier for the borrower with their selected repayment period and flexible monthly payments. These finances can serve uncertain and immediate requirements in the family, kid’s education, home repairs, etc. The company does not impose restrictions on the usage of the loan amount but advises to utilize the loan amount in a wise manner and make regular monthly payments to improve creditworthiness.

FAQs


You can quickly apply for a personal loan with Loan Granted using our simple online application form.
The mandatory documents required to apply for a personal loan with Loan Granted are:
  1. Identity proof
  2. PAN card
  3. Address proof
  4. Bank statements for the last 3 months
  5. Salary slips for the last 3 months
  6. Photo
No! Loan Granted personal loan can be availed by only salaried individuals with a minimum salary of INR 8,000.
To be eligible for our personal loan, you must be an Indian citizen with a minimum of 18 years of age.
Loan Granted personal loan is approved almost instantly.
You can borrow as low as INR 4,000 and up to INR 5,00,000 with Loan Granted.
The loan tenure is up to 3 Years (Open-ended)
No, this is an unsecured loan. You don't need to provide any security, guarantors, or collateral.
Yes, you can prepay your loan. Loan Granted doesn't levy any prepayment fee.
A personal loan from Loan Granted can be utilized for any of your needs. There are no restrictions on usage!
Electronic Bank Verification is a revolutionary process used by banks, lenders and other financial institutions to verify the financial status of a potential customer. While applying for an online personal loan with Loan Granted, you can choose the EBV option instead of 'Upload Your Documents' option to get instant loan approval.
Your personal loan application with Loan Granted will be rejected if your profile doesn't meet our eligibility requirements.
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