Instant credit access
Borrow up to ₹80,000 based on eligibility. Your credit limit stays ready for withdrawals.
How Baumen Loan Line of Credit works
A reusable credit limit that restores as you repay.
Pay as you go
Interest is calculated daily and charged only on the amount you withdraw. Repay early without penalties.
Limit restores as you repay
Once you repay part of your outstanding amount, your available limit increases so you can borrow again.
Step-by-step
A simple flow from approval to repayment.
1) Get approved for a credit limit
Your approved limit is the maximum you can withdraw at any time (based on eligibility).
2) Withdraw what you need
Withdraw any amount within your available limit. Interest starts only on the withdrawn amount.
3) Interest accrues daily
Daily interest is 0.05% per day on outstanding withdrawn amount. Total interest depends on time and repayments.
4) Repay on your schedule
Choose 93-120 days or your preferred repayment schedule. Repay early without penalties.
How limit restoration works
Your available credit increases as you repay.
Example
If your approved limit is ₹50,000 and you withdraw ₹20,000, your available limit becomes ₹30,000. When you repay ₹5,000, your outstanding becomes ₹15,000 and your available limit restores to ₹35,000.
What this means
You can withdraw again as your available limit restores—without needing a new approval each time— as long as you stay within your approved limit.
Key terms
Clear, transparent pricing and policies.
Daily interest rate
0.05% per day, calculated daily on outstanding withdrawn amount.
Fees
No processing fees, service fees, or hidden fees.
Maximum APR
18.25% maximum APR.