Line of Credit

Get a limit of up to ₹5 lakhs instantly & pay interest only on the amount used.

Flexible credit at your fingertips

Line of Credit

Get a limit of up to ₹5 lakhs instantly & pay interest only on the amount used.

Line of Credit

Get a limit of up to ₹5 lakhs instantly & pay interest only on the amount used.

In today’s fast-paced world, it’s extremely important to have a financial safety net to fall back on. Whether you’ve run out of your savings or are facing an unexpected job loss, having a backup ensures that your life continues without major disruptions. During times like these, a line of credit can provide you the financial security you need. 

With Zype, you can apply for a credit line up to ₹5 lakhs in 5 minutes. Get line of credit once, and take multiple loans from it anytime, anywhere! 

Features of Zype Personal Line of Credit

High Loan Limit

Whether you need cash to pay your medical bills or want to purchase a new laptop, with Zype, you can cover all your financial requirements. With a credit limit of up to ₹5 lakhs, you will always have instant access to money. 

Easy Application

Affordable Interest Rate

Taking a credit line from Zype won’t leave a hole in your pocket. With personal loan interest rates starting at just 1.5% per month, borrowing from Zype is made affordable. That’s not all! You don’t have to pay any interest on your unutilized credit limit. 

Approval and Disbursal

Instant Approval

After you have completed a quick and easy credit line loan application on Zype, you can get approved for your line of credit in just 60 seconds.  

Competitive interest rate

Multiple Cash Transfers

After activating your credit line, you have the flexibility to transfer personal loan balance  from it whenever and as often as needed!


No Collateral

Taking a line of credit from Zype is a hassle-free process, majorly because you don’t have to provide any asset like gold, jewellery, etc. against the money you borrow. 

Collateral free loans

The Difference Between A Line Of Credit And A Credit Card

Minimalist Table
Line of Credit Credit Card
A line of credit is an approved credit limit from which you can withdraw money whenever you need. There are many banks and NBFCs that offer line of credit India A credit card is a type of credit from which you can borrow money to pay your bills and make purchases.
The interest you will be charged on your line of credit is comparatively lesser than a credit card. If you have a good credit score, a high income and a clean repayment history, you can get even lower interest rates. The interest charged on credit cards is comparatively higher than a line of credit.
You have to pay interest and other processing charges only on the utilized amount. You have to pay interest on the unpaid balance every month.

Requirements to Get Line of Credit


Your monthly income is a very important factor a lender considers before giving you a credit line loan. This is because it shows your ability to repay the loan.  

Easy Application

Credit History

A credit history of timely repayments automatically increases your loan eligibility, making you an ideal borrower among lenders. Financial institutions go through your credit history before offering you a loan limit as it helps them calculate the risk associated with giving you credit. 

Approval and Disbursal

DTI Ratio

DTI ratio is the ratio between your total debt and your monthly income. Lenders calculate this while assessing your credit limit to see how much percentage of your monthly income is going to loans and whether you have the capacity to take on a new debt or not. 

Competitive interest rate

Documents Required to Take a Credit Line Loan

When applying for a credit line loan online, you have to provide the necessary information and documents to complete your application. And applying for a loan on Zype is super easy! With no document upload or paperwork, you can apply for a loan in less than 5 minutes. This is all that you will need:

Mandatory documents

Proof of Photo Identity

You have to provide your PAN and Aadhaar number to complete your application and activate your credit limit. 

Proof of photo identity

KYC Documents

After you’ve completed your application and are approved for a credit line, you have to complete a real-time selfie verification to activate your limit. 

Proof of Income

Income Proof

You will need to provide your bank statement for the last 4 months only if you want to increase your credit limit. 

Credit line Eligibility Criteria to Apply on Zype



18 years or above


Citizen of India

Valid PAN & Aadhaar card

Work experience

Work experience

Salaried individual

15000 Salary

Monthly Salary

Monthly income of at least ₹15,000

Benefits of Zype Line of Credit

Always Have an Instant Access to Cash

You only need to get approved for a credit line once. After the activation of your line of credit, you can take multiple loans from it anytime, anywhere. This way, you will always have instant access to cash for any kind of emergency. 

Easy Application

Use It Anywhere You Like, No Questions Asked

All personal loans that you take from your activated credit line are unsecured loans. This means that there’s no restriction on the end usage of the loan and you don’t have to provide any asset as security against the loans. 

Approval and Disbursal

Flexible Repayment Options

With repayment tenure options of 3, 6, 9 or 12 EMIs, you can select an EMI plan that fits your budget. 

Competitive interest rate

Pay Interest Only on the Utilized Amount

On Zype, you will never have to pay interest on the unutilized limit. You will only be charged interest and processing fees on the amount you use from the approved credit line. 


Get Instant Approval, Anytime, Anywhere

With Zype, you can complete your credit line loan application in less than 5 minutes and get approval within 60 seconds! 

Collateral free loans

How to Apply for Line of Credit Online on Zype

Want a financial cushion that will always be available for you whenever you need money? Look no further because, with Zype, you can get cash in just a few taps.  

1) Download the Zype app from the Play Store/App Store and complete a mobile OTP to register on the app.

2) Start your application process by entering the required information. This includes your name, email address, PAN number, employment details, etc.

3) After you have completed your application, based on your profile and eligibility, you will get a credit line limit in less than 60 seconds.

4) To be able to access your approved line of credit, you will have to activate your limit. You can activate the limit by accepting the offer, completing a real-time selfie-based verification and an Aadhaar-linked mobile – OTP.

5) Select the amount you want to transfer from your approved limit along with a personal loan repayment plan that suits your budget. And that’s it! You will receive the money directly into your bank account within 24 hours.

6) You now have an active line of credit, from which you can withdraw money whenever you need. 

Frequently asked questions

What is a credit line?

A credit line is the maximum amount of money you can get from your lender for all your needs. With Zype, you can get a credit line up to Rs 5 lakhs.

How does a credit line work?

After you are approved for a credit line, you can select your required amount from the line & directly transfer it to your bank account.

What is the difference between Zype’s credit line & personal loan?

Credit Line is the maximum amount you can get for all your needs from Zype at no interest, whereas a Personal Loan is an amount you transfer from your credit line to your bank account, upon which interest is levied on you.

Am I charged interest on the entire credit line?

No. You are charged interest only on the amount you transfer from your credit line to the bank account.

Can I transfer the entire credit line amount to my bank account?

Yes! With Zype, you can transfer your entire credit line to your bank account.

How many loans can I take from my credit line?

Once your credit line is approved, you can make unlimited transfers from it to your bank account. Pay interest only on the transferred amount. However, the sum-total of your cash transfers cannot exceed the maximum limit of your credit line.

Can I increase the limit of my credit line?

Yes! You can request a higher limit simply by uploading your bank statement. Upon approval, your credit limit will be increased instantly!

Is there any extra charge for transferring money from the credit line?

Yes, whenever you transfer money from the credit line, there will be a 2-6% transfer charge.

Can my credit line decrease?

Yes. If you struggle with the credit line by showing poor repayment behaviour, we will help you out and keep a limit that you can easily manage. Your mental and financial peace matters to us!

How Does Zype Provide Me With A Line Of Credit?

With Zype, you can get a line of credit in no time! All you have to do is download the app from the Play Store/ App Store and complete an easy application that won’t take more than 5 minutes to complete. After you are approved for the credit line and have activated your limit you can withdraw money from it whenever you need.  

What Are Line Of Credit Interest Rates Like?

The interest rate offered on Line of Credit India depends on various factors like your credit score, income, repayment history, etc. Taking a line of credit from Zype won’t eat into your budget because the interest rate charged is affordable. You can get a credit limit of up to ₹5 lakhs starting at just 1.5% interest per month. 

When Can I Withdraw Cash From The Line Of Credit?

Once you’re approved for a credit line on Zype and have activated your limit, you can withdraw cash from it whenever you need. 

What Is The Repayment Process In Line Of Credit?

When selecting the loan amount you want to transfer from your line of credit, you will get to choose your repayment plan. With tenure options of 3, 6, 9 or 12 EMIs, you can choose a plan that fits your budget. You will have to repay the borrowed amount according to that repayment plan.  

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