Revolving Credit Line Categories
One credit line for every need.
From everyday spending to medical emergencies, from education to small business working capital, Swacredit Plus organises revolving credit by purpose, so you choose what fits, pay interest only on what you use, and get your limit back as you repay.
Core Categories
Four everyday credit lines for most family and business needs.
Each category is its own revolving limit. Open one or several, as you need.
Personal Credit Line
A flexible pool of funds for everyday life
Interest p.a.12%onwards
- Revolving limit of up to ₹5 Lakh, draw whenever you need
- Interest only on the amount used, nothing on the unused limit
- Choose 2 to 36 month EMIs on every withdrawal
- Withdraw to your bank account or pay by UPI QR
- Limit is restored as soon as you repay
Medical Emergency Credit Line
No waiting when it matters most
Interest p.a.12%onwards
- Pre-approved limit, available instantly in an emergency
- Pay hospitals and pharmacies directly
- Interest-only option for the first 3 months
- No collateral and minimal paperwork
- Family members can share the same limit
Education Credit Line
Keep learning, whatever the cash flow
Interest p.a.13%onwards
- Covers tuition, coaching, books and exam fees
- Draw term by term and pay interest only on what you use
- Repayment can extend up to 36 months
- Parents or students can apply
- No penalty for prepayment
Small Business Credit Line
Built for stocking up and working capital
Interest p.a.14%onwards
- Use more in peak season and less in lean months, costs follow your cash flow
- Ideal for shopkeepers, traders and self-employed members
- Pay interest monthly and repay principal on your schedule
- Pay suppliers and receive payments through UPI
- Limit reviewed upward as your business performs
Specialised Credit Lines
More ways to use credit, more choice.
Beyond the core categories, open a limit that suits your lifestyle and the assets you already have.
Travel & Festival Credit Line
Journeys and celebrations without the squeeze
Pay for flights, train tickets, hotels and festival shopping from your limit, then repay in instalments. Once cleared, your limit is back for the next holiday.
Interest p.a.14%onwards
Home & Appliance Credit Line
Use it now, pay over time
Spread the cost of a refrigerator, phone or furniture. Scan and pay at partner merchants without handing over the full amount in cash.
Interest p.a.13%onwards
Gold-Backed Credit Line
A lower rate against assets you already own
Pledge gold ornaments for a revolving limit at a lower rate, with same-day disbursal and safe custody of your gold by the bank.
Interest p.a.9%onwards
Deposit-Backed Credit Line
Keep your deposit, still use the money
Pledge a fixed deposit instead of breaking it. You keep earning on your deposit and still get funds whenever you need them.
Interest p.a.10%onwards
Salary Advance Credit Line
Ready for the gap before month-end
Small, short-term advances for members with a steady income. Repay in one go on payday and your limit is restored immediately.
Interest p.a.15%onwards
UPI Pay Credit Line
Scan and pay from your limit
Link your limit to UPI and pay at any UPI merchant by scanning a QR code. No need to withdraw first, and every transaction is clearly recorded.
Interest p.a.14%onwards
Using Your Limit
Once it is open, here is how you use it.
Withdrawals, payments and management all happen on your phone, simple, clear and always available.
Instant Withdrawal & Payments
Move funds from your limit to your bank account instantly via IMPS, or pay directly with a UPI QR scan, available 24/7.
Manage in the App
See your available limit, statements and repayment schedule in the Swacredit Plus app. Withdraw and repay in a tap.
Limit Enhancement
Members who repay on time and use their limit well can request a higher limit and a lower rate. The better your record, the better your terms.
Why choose our credit lines?
As a bank owned by its members, we design every credit line with members' interests first, not shareholder profit, so credit becomes a tool to improve lives.
- Pay interest only on the amount you use
- Limit is restored as you repay, so you can use it again
- Fully online Aadhaar e-KYC with minimal paperwork
- Open, transparent fees with no hidden charges
- Dedicated support for every category
- Regulated by the RBI and fully compliant