Interested in financial products
CreditMantri
Processing
CreditMantri
Fetching your latest bureau report...
CreditMantri
Analyzing your bureau report...
CreditMantri
Setting up your CreditMantri profile...
CreditMantri
This is taking longer than usual. Please stay with us...

A line of credit is like a regular business loan and is considered on your credit report. Just like any other business loan, when you apply for a line of credit, the lender raises a hard inquiry on your credit report. This could cause your credit score to drop by a few points temporarily. However, once the line of credit is approved, you can use it to boost your credit score.

By not using the credit available on the LOC or using just a small percentage of the total available credit limit, you can reduce your credit utilisation ratio. The lower the credit utilisation ratio, the higher is your credit score. However, remember that the converse is also true. If you borrow large amounts on the LOC and repay it late, then it impacts your credit score negatively.

Apply for a credit score
×Thank you! Your comment will be reviewed and posted shortly.
Mastercard
Visa
Rupay
SafeKey
thawtr
Corporate Agent (Composite)

CreditMantri Finserv Private Limited

CIN No

U72100TN2012PTC085154

IRDAI Registration Number

CA0665

Valid Till

01-Aug-2025

ADDRESS

CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002

Copyright © 2024 CreditMantri