Salary Credit Line

Withdraw anytime, pay interest only on the amount you use.

Interest rate starts at 11.25%* p.a.
  • 100% digital process
  • Decision in minutes
  • Flexible repayment
  • Draw what you need

Key facts

What is a salary credit line?

You get a pre-approved credit line that can be used whenever required. The benefit is that you pay interest on the amount you withdraw and not on the total sanctioned line, which keeps the cost of borrowing down while the flexibility stays with you.

  • Withdraw money whenever you need it
  • Interest payable only on the amount withdrawn
  • Repay and redraw funds multiple times
  • Fully online application with minimum documentation

A ₹5,00,000 limit, ₹1,00,000 drawn

Sanctioned limit
₹5,00,000
You draw
₹1,00,000
Left untouched
₹4,00,000
Interest charged on
₹1,00,000

The ₹4,00,000 you did not draw costs you nothing.

Funded by RBI-regulated lenders

Activ Paisa arranges the facility. The money, and the credit decision, come from one of these institutions.

    What would you actually pay?

    Set your limit, then move the second slider to what you would really draw. The gap between the two is what a term loan would have charged you for.

    Indicative. The credit line is priced at 11.25% p.a. on the drawn balance and the term loan at 12.5% p.a. on the full amount — with a line you pay only on what you actually draw.

    You would save

    —

    Left undrawnDrawn

    Interest on the credit line
    —
    Interest on a term loan
    —
    Monthly interest while drawn
    —
    Limit left untouched
    —

    —

    Our other products

    A range of options for what you need.

    Personal Loans

    A lump sum up to ₹50 Lakhs from 9.99% p.a., repaid in fixed monthly instalments.

    Credit Card Payoff

    Clear an expensive card balance with a lower-rate loan and stop paying revolving interest.

    Free Credit Score

    See your score and the report behind it. A soft enquiry that never affects your rating.

    Features and benefits

    Who can apply

    Meeting these does not guarantee an offer — the lender makes that call — but falling short of them usually means no.

    Age
    21 to 60 years
    Employment
    Salaried only
    Monthly income
    ₹40,000 and above
    Credit score
    750+ for the best rate
    Work history
    6 months with your current employer
    Residency
    Resident Indian

    What you need to hand

    Four things, photographed or as PDFs. Nothing has to be attested.

    • PAN cardA clear photo of the card itself
    • Address proofAadhaar, passport or voter ID, both sides
    • Salary slipsYour last 3 months
    • Bank statementsLast 6 months of your salary account

    What decides your rate

    Five things move the number a lender comes back with.

    1. 1
      Your credit scoreThe single biggest lever. 750 and above puts you in the band lenders price most keenly.
    2. 2
      Existing EMIsLenders count what you already repay each month. Less committed income means a better rate.
    3. 3
      Income stabilityA longer run with one employer, and a salary credited to the same account, both read as lower risk.
    4. 4
      How much you drawDrawing a small share of a large limit reads better than running it to the ceiling.
    5. 5
      The lender's own policyEach partner prices its own book. The same profile can get different offers, which is why we ask several.

    How to apply

    Three steps, entirely online.

    1. 1
      Tell us about youYour salary and a few details. It takes about two minutes.
    2. 2
      We find your limitWe take your application to our partner lenders and come back with what they will offer.
    3. 3
      Draw what you needAccept a limit and the money reaches your account. Interest starts only on what you draw.

    Questions people ask

    A pre-approved limit you can draw from whenever you need money, rather than a lump sum paid out on day one. You pay interest only on what you have actually withdrawn, and the limit is restored as you repay.

    A personal loan hands you the whole amount immediately and charges interest on all of it from day one. A credit line sits ready, costs nothing until you draw, and can be reused. If you know you need the full amount at once, a term loan is usually cheaper; if your need is uncertain or spread out, the line is.

    There is no cap on the number of withdrawals while the limit is live and your repayments are current.

    On the balance you have drawn, for the days it is outstanding. Repay early and the interest stops accruing on the repaid part.

    Yes. Most partner lenders allow you to repay a drawn balance at any time; some charge a foreclosure fee on the facility itself. The exact terms are in the sanction letter, and it is worth reading before you accept.

    Not at present. This product is for salaried applicants earning ₹40,000 a month or more.

    Checking your options with us is a soft enquiry and leaves your score untouched. Formally applying to a lender does record a hard enquiry, as it would anywhere.

    Wait before reapplying, and use the time to bring down your existing EMIs or correct anything wrong on your credit report. Repeated applications in a short window read badly to lenders.

    Salary Credit Line up to ₹50 Lakhs Interest only on what you draw · no impact on your credit score to check