A credit line is the same as like Credit Card. Users may borrow money from the Credit Line application at a certain limit of time same way credit cards provide loans for a certain time limit. Use this credit line loan for your expenses and pay the used credit line in time.
24hr Loan suggests you top 5 instant credit line loans that offer hassle-free loans. These credit line loans are interest-free if you pay the loan on time.
The Top 5 Instant Credit Line Loans in India
| Application | Credit Line | Interest Rate | Income Proof |
| INDIE | Rs. 5000 to Rs. 5 Lakh | 11.99% – 28.00% p.a. | Not Required |
| StashFin | Up to Rs. 5 Lakh | 11.99% – 59.99% p.a. | NIL |
| Privo | Rs. 5000 to Rs. 2 Lakh | 13.49% – 29.99% p.a. | Not Required |
| VIVA Money | Rs. 1000 to Rs. 2 Lakh | 18.00% – 36.00% p.a. | Zero |
| Tradofina | Up to Rs. 36,000 | 14.00% – 28.00% p.a. | NIL |
INDIE Credit Line
IndusInd Bank provides INDIE instant credit lines to IndusInd users. If you open a savings account on the INDIE application and use this account for daily basic, you will get an instant credit line of up to Rs. 5 lakh. Only you have to pay interest on using a credit limit.
Required Eligibility
- The age of users must be 21 years
- CIBIL Score: 700+ or above
- Required to open an INDIE savings account
StashFin Credit Line
Affordless and digital loan experience comes with the StashFin application. Get instant credit line loans from Rs. 1,000 to Rs. 5 lakh. Also, convert credit line to monthly EMI with 36 months tenure. The decent credit score owner is only eligible for a StashFin credit line loan.
Required Eligibility
- The user must be an Indian Residence
- Age should be cross 18 years
- Credit Score 720+ required
Privo Credit Line
Privo is one of the popular instant credit line applications. We keep Privo in our top 5 instant credit line lists. Enjoy fast and digital credit line loans up to Rs. 2 lakh. Available maximum repayment tenure of up to 5 years.
The minimal interest rate is 13.49% with zero foreclose charges. Privo instant credit line loan is available without income proof.
Required Eligibility
- User minimum credit score 720+ need
- Borrower age 21 years must required
- Aadhaar card should be linked with a mobile number
VIVA Money
The instant credit line is offered by the VIVA Money application. Borrow up to Rs. 2 lakh credit line loan from RBI-registered trusted lender VIVA Money. Get interest-free benefits for 51 days. After a gross period, the ROI (Rate of Interest) will be 18% to 36% yearly.
VIVA Money’s maximum loan duration is 20 months. Obtain a credit line instantly which will take a maximum of 10 minutes.
Required Eligibility
- Indian Residents only apply for VIVA Money loan
- Complete the age criteria of 21 to 64 years
- 720+ credit score must required of the borrower
Tradofina
One of trusted lenders Tradofina offers up to Rs. 30,000 instant credit line. With the digital KYC process, you will experience the fastest loan approval. Tradofina loan starts from Rs. 1,000 to Rs. 36,0000 at 14% to 28% ROI.
Enjoy instant loans that apply to users’ smartphones. Instant money will be credited to the borrower’s account after loan approval.
Required Eligibility
- 21+ age must required for eligible
- CIBIL score 720+ or above welcome to apply
- The user’s phone number should link with the Aadhaar Card
Also Read: Paytail No Cost EMI
Benefits of Instant Credit Line Loan
The instant credit line is not a personal loan. This is a credit line that is useable for a limit period or you may convert this to monthly EMI. What is the benefit of a credit line? Check out below:
- Lender not taking income proof for an instant credit line.
- The fastest loan disburses with the digital journey.
- Only KYC documents lender will take for loan disbursement.
- Security or Collateral free loan approval.
- Hassle-free credit line loan that is available without a bank visit.
FAQs on Instant Credit Line Loan
How will eligible for an instant credit line loan?
The user with a 720+ credit score and a minimum age of 21 years is welcome to apply for an instant credit line loan. But the borrower must be Indian region.
What is the rate of interest of a credit line loan?
Obtain credit line loan at 14% to 36% interest rate per annum.
I am a college student. May I apply for a credit line loan?
Yes, college students are eligible if they complete loan eligibility criteria.
Is a phone number linked Aadhaar card required?
If you are taking a loan, your mobile number should be connected with your Aadhaar card for Aadhaar KYC.