Best low interest credit line

[raniphore]

I have a credit line of 5 lakhs from CRED cash. I can withdraw money instantly to my bank account at a processing fee and the interest rate for the loan is 13%. Recently CRED is having some issues with CRED cash. Are there any other credit lines with interest rate <=13% p.a . I have been approached by Bajaj Finserv but I guess they have higher interest rates on overdraft facility.

 

[WhoU]

Like if I pledge in zerodha then can we withdraw funds to bank?

Pledging is different from taking loan.
You can’t withdraw if you pledge securities - pledging gives you margin which can only used for trading. This is interest free.
Taking loan on securities gives you money in your bank account, but interest is charged on it.

 

[shashidhar patil]

There's 12% club similar to cred cash, for quick emergency/contingency credit.


Loan Against MF or FD is much better option than having unsecured credit for long duration.

can you tell more about this like
eg:i have FD of 10lakh (getting 7.2%interest)
i need 20lakh loan?
at wt interest i will get?
thank you

 

[4uziaul]

can you tell more about this like
eg:i have FD of 10lakh (getting 7.2%interest)
i need 20lakh loan?
at wt interest i will get?
thank you

You won't get a loan of 20L against and FD of 10L, at best it could be 90% of your FD.

 

[sheru]

can you tell more about this like
eg:i have FD of 10lakh (getting 7.2%interest)
i need 20lakh loan?
at wt interest i will get?
thank you

You won't get a loan of 20L against and FD of 10L, at best it could be 90% of your FD.

👆🏼✅ + Rate would be approx 1% + of FD

 

[P B R G]

I have a credit line of 5 lakhs from CRED cash. I can withdraw money instantly to my bank account at a processing fee and the interest rate for the loan is 13%. Recently CRED is having some issues with CRED cash. Are there any other credit lines with interest rate <=13% p.a . I have been approached by Bajaj Finserv but I guess they have higher interest rates on overdraft facility.

Can you please share your CRIF score if you don't mind?

 

[raniphore]

Can you please share your CRIF score if you don't mind?

730 as on 19th May

 

[FinGuru]

I have a credit line of 5 lakhs from CRED cash. I can withdraw money instantly to my bank account at a processing fee and the interest rate for the loan is 13%. Recently CRED is having some issues with CRED cash. Are there any other credit lines with interest rate <=13% p.a . I have been approached by Bajaj Finserv but I guess they have higher interest rates on overdraft facility.

Have you invested money in cred mint or had invested before but there is a residual balance (even Re 1)? In that case, Cred won't allow cred cash withdrawal. Bankbazar has a similar product. See if you have a preapproved offer.

 

[raniphore]

Have you invested money in cred mint or had invested before but there is a residial balance (even Re 1)? In that case, Cred won't allow cred cash withdrawal. Bankbazar has a similar product. See if you have a preapproved offer.

No actually CRED had some changes in the lending partner and they are now expecting CRIF score to be high which I don't have so the cash withdrawal was stopped temporarily. Anyway I closed CRED cash, one less loan in CIBIL 🙂

 

[murali_7]

No actually CRED had some changes in the lending partner and they are now expecting CRIF score to be high which I don't have so the cash withdrawal was stopped temporarily. Anyway I closed CRED cash, one less loan in CIBIL 🙂

Does cred cash loan report to cibil or other any Credit bureau?
I have taken some X amount in April and already paid 2 EMI's but still I haven't seen that loan on any Credit bureaus.

 

[raniphore]

Does cred cash loan report to cibil or other any Credit bureau?
I have taken some X amount in April and already paid 2 EMI's but still I haven't seen that loan on any Credit bureaus.

It will be there since it is a credit line. Check with IDFC bank entry since they are now the banking partner.

 

[murali_7]

It will be there since it is a credit line. Check with IDFC bank entry since they are now the banking partner.

No nothing
0 loans on cibil

 

[raniphore]

No nothing
0 loans on cibil

It might take time to report to CIBIL. But I can assure you it will come as a loan in your bureaus.