Credit Scope - Revolving Limit

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About this app

Credit Scope provides a consolidated overview of the revolving credit account, including the currently available amount, utilized amount, applicable charges, billing details, and repayment records.

Registration, identity verification, eligibility checks, and account review are required before credit features may be made available. Completing these processes does not create an entitlement to credit and does not ensure approval, a particular credit limit, or ongoing access.

Using an Available Credit Line

When credit is available on an account, the user may keep the full amount unused or use only a portion of it.

There is no requirement to use the entire available amount at once. Interest and service fees apply only to the portion actually used. The remaining unused portion does not generate interest or service fees.

Rates and Account Limits

Credit line range: ₹1,000 to ₹60,000
Usage period: Up to 365 days
Daily interest rate: Up to 0.05% per day
Maximum annual interest rate: 18.25%
Service fee: Up to 1% of the amount used
Interest and service fees charged on the unused portion: None

Worked Cost Example

The calculation below demonstrates one possible credit usage scenario.

Amount used: ₹7,500
Usage period: 160 days
Daily interest rate: 0.05%
Annual interest rate: 18.25%
Service fee: 1% of the amount used

Interest:

₹7,500 × 0.05% × 160 days = ₹600

Service fee:

₹7,500 × 1% = ₹75

Principal: ₹7,500
Interest: ₹600
Service fee: ₹75
Total credit cost: ₹675
Total payable: ₹8,175

This example is provided for illustrative purposes only and does not constitute an offer of specific terms. Actual costs and the total amount payable may vary by user depending on the amount used, applicable interest rate and service fee, actual usage period, repayment arrangement, and the terms presented for the account.

Payments and Available Balance

Once a payment has been received and processed, the corresponding portion of the credit line may become available again. This is not guaranteed. Future credit access remains dependent on account standing, payment history, eligibility, applicable terms, and any further review required.

Before Accessing Credit Line

Applicants must:

Be at least 18 years old
Hold a valid identification document accepted for verification
Provide an active mobile number
Provide valid bank account information where required
Complete the applicable identity, eligibility, and account checks

Submitting an application or completing verification does not guarantee approval or access to a credit line.

Customer Assistance

For assistance with registration, verification, account information, credit usage, billing, repayment, or technical matters, please contact us at [e-mail].

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