Privo Credit Line

Privo Credit Line is here to provide you with a reliable and flexible repayment option. You have the freedom to pay off the debt in full at any time or make monthly payments until the balance is cleared. This empowers you to manage your finances better, especially during unpredictable times.With Privo’s Emergency Credit Line, you can face life’s uncertainties with confidence, knowing you have a reliable financial partner


  1. Flexible Repayment Options:

    Offers flexible repayment options, allowing you to pay off the debt in full at any time or make monthly payments according to your convenience.

  2. Convenient and Quick Access to Funds:

    You can access funds from your credit line instantly, providing you with a quick and convenient solution during financial emergencies.

  3. Lower Interest Rates:

    Money at lower interest rates compared to traditional credit cards, helping you save on interest costs.

  4. Revolving Credit:

    As you repay the borrowed amount, your credit line gets refilled, allowing you to reuse the funds whenever needed without reapplying.

  5. Customizable Borrowing:

    It allows you to borrow as much or as little as required, providing you with a customizable borrowing option based on your needs.

  6. Transparent Terms:

    Privo ensures transparency in the credit line terms, clearly communicating interest rates, fees, and repayment schedules to customers.

  7. Online Management:

    You can conveniently manage your credit line online, track transactions, and make repayments through user-friendly digital platforms.

The primary functions :

  1. Deposits:

    You can deposit money into your bank account in various ways, such as cash, checks, or electronic transfers. These funds are credited to your account balance.

  2. Withdrawals:

    You can withdraw money from your account when needed. This can be done through ATM withdrawals, writing checks, initiating electronic transfers, or using your debit card.

  3. Payments:

    Bank accounts allow you to make payments to individuals, businesses, or organizations. This can be done by writing checks, setting up electronic transfers, using online payment platforms, or using your debit card for purchases.

  4. Account Statements:

    Banks provide regular statements that summarize your account activity, including deposits, withdrawals, and any fees or interest earned. These statements help you track your finances and monitor your account balance.

  5. Interest: 

    Depending on the type of account, you may earn interest on your account balance. Banks pay interest as a small percentage of the funds you have deposited in the account. Interest rates may vary based on the type of account and prevailing market conditions.


  1. Financial Inclusion in Rural Areas:

    Fayda Pay is committed to promoting financial inclusion in rural areas by offering access to Privo Credit Line. We empower local shop retailers and individuals with a flexible credit facility to meet their financial needs.

  2. Expert Guidance:

    Our dedicated customer support team provides expert guidance throughout the application process, helping customers understand the benefits and usage of Privo Credit Line effectively.

  3. Easy Application Process:

    Fayda Pay is a seamless and user-friendly process, making it accessible to customers in rural areas.

  4. Quick Access to Funds:

    Eligible customers can access funds  instantly, providing them with a quick and convenient solution during financial emergencies.

  5. Flexible Repayment Options:

    Allowing customers to pay off the debt in full or make monthly payments according to their convenience.


Privo Credit Line is a flexible financial service that offers eligible customers a revolving credit facility, providing instant access to funds that can be used for various purposes.

Privo Credit Line offers a pre-approved credit limit to eligible customers. Once approved, customers can access funds from their credit line instantly and use them as needed. As they repay the borrowed amount, their credit line gets refilled, allowing for reuse without reapplying.

Eligibility criteria for Privo Credit Line may vary based on factors like income, credit history, and other parameters set by the lender. Customers can check their eligibility on the Fayda Pay website or app.

Once approved, eligible customers can access funds from their Privo Credit Line instantly, providing a quick and convenient solution during financial emergencies.

Privo Credit Line offers flexible repayment options. Customers can choose to repay the borrowed amount in full at any time or make monthly payments until the balance is cleared.