Credit limit
₹3,000 to ₹80,000 (based on eligibility). Withdraw any time within your available limit.
FAQ
Quick answers and helpful details about Baumen Loan Line of Credit.
Interest
0.05% per day, calculated daily, and charged only on the amount you withdraw.
Repayment
Flexible repayment period (93-120 days or choose your own schedule). No early repayment penalties.
Common questions
Everything you need to know before you withdraw.
What is a line of credit?
A line of credit gives you a reusable credit limit. You can withdraw what you need, repay over time, and your available limit restores as you repay—so you can borrow again within your limit.
Do I pay interest on my entire credit limit?
No. You pay interest only on the amount you actually withdraw.
How is interest calculated?
Interest is calculated daily at 0.05% per day on your outstanding withdrawn amount. Total interest depends on how long the amount remains outstanding and how much you repay during that period.
Can you show an example calculation?
Example: if you withdraw ₹10,000, daily interest is ₹10,000 × 0.05% = ₹5/day. For 93 days, total interest is ₹5 × 93 = ₹465. Total repayment becomes ₹10,465.
What is the repayment duration?
Repayment is flexible: 93-120 days or a schedule you choose.
Can I repay early?
Yes. You can repay early without penalties.
What happens to my credit limit after I repay?
As soon as you repay part of your outstanding amount, your available credit limit restores accordingly, so you can withdraw again up to your approved limit.
Are there any processing or service fees?
No. Baumen Loan does not charge processing fees, service fees, or hidden fees.
What is the maximum APR?
The maximum APR is 18.25%.
How much can I withdraw?
You can withdraw any amount within your available credit limit (₹3,000–₹80,000 based on eligibility).
Who can I contact for support?
Email help@baumenservices.com or call 8942025628.