Open Credit

All about Open's Credit Lending

What kind of loans can I get through Open?
Open provides loans to businesses for meeting all kinds of capital needs. Starting with standard EMI-based term loans for lump sum usage to flexible loans f...
Thu, 24 Jun, 2021 at 7:34 PM
What is the Open’s Line of Credit?
Open’s Line of Credit is an extended credit facility to enable access to working capital as and when it is required by businesses. Money can be borrowed in...
Thu, 24 Jun, 2021 at 7:35 PM
How do I apply for a Loan?
You can apply for a loan by filling very few details in the Open Credit App that can be found in the Apps section. You just need to upload a 12-month bank s...
Thu, 24 Jun, 2021 at 7:36 PM
How much loan amount can I get?
Businesses can currently avail loans for amounts starting from Rs 30,000 going up to Rs 15,00,000.
Thu, 24 Jun, 2021 at 7:37 PM
What is the duration of the loans offered?
Open offers loan products for meeting both short term and long term credit needs. Open Line of Credit product helps meet short-term credit needs up to 60-90...
Thu, 24 Jun, 2021 at 7:37 PM
What is the interest rate charged?
Businesses can avail credit on interest rates starting at 13% per annum for working capital loans and 1.25% per month for a line of credit. However, the exa...
Thu, 24 Jun, 2021 at 7:38 PM