ETMONEY enters lending business with the launch of CreditLine

ETMONEY has entered lending business with the launch of ETMONEY CreditLine, in partnership with RBL Bank.
ETMONEY has 4 million Indian users, who use the service for expense management, investment, and insurance solutions.

ETMONEY CreditLine combines the benefits of a credit card and personal loan into one, and is completely paperless. Along with a credit card, with 50-day interest free spending power, ETMONEY Creditline lets consumers transfer money directly into your bank account, at a much lower interest rate starting at just 14% p.a . You can borrow as little as Rs.3,000 or as high as Rs. 5 Lakhs, and pay back on your terms ranging from a few days to a few years.
Setting up CreditLine with ETMONEY is quick and hasslefree. All a customer has to do is install the ETMONEY app, and share a few basic details basis to set up a credit limit. If you are already an ETMONEY user, you may see a pre-approved CreditLine, which makes the experience even more seamless. For users with no credit score, ETMONEY has created a machine learning based proprietary scorecard to enable them to get a CreditLine.

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