Your credit limit is more than just a number. It's your flexible spending power with a clear repayment cycle and predictable costs
Here's everything you need to know about how it works, how to use it smartly, and how it grows with you
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Roarbank credit limit
With Roarbank, you get a credit limit up to ₹3 lakh that you can use for everyday spending, big purchases, or anything in between
What you get:
Credit limit up to ₹3 lakh
Interest-free period of up to 62 days
One simple monthly bill
Full control through the app
How to get it:
Apply in minutes through the app. Your approved limit depends on your profile and eligibility
Grace period explained:
If you repay your total dues on time, you pay zero interest for up to 62 days
How the credit limit works
You spend using your credit limit
A bill is generated at the end of your billing cycle
You get time until the due date to repay
Pay in full → no interest
Pay later or partially → charges apply
How does the interest free credit period actually work?
Example 1
Maximum interest-free benefit
You spend ₹25,000 on June 1
Your bill is generated on June 30
Your payment due date is June 27 (next cycle logic)
If you repay the full ₹25,000 by the due date:
You pay zero interest
You get close to 62 days of free credit
Example 2
Multiple spends across the month
June 5: Spend ₹10,000
June 20: Spend ₹15,000
Total bill on June 30: ₹25,000
If you repay the full amount by the due date:
All transactions remain interest-free
You keep your full credit limit available again
Charges after the interest-free period
This means carrying a balance can increase your total repayment amount
Here’s what happens:
Interest is charged on the outstanding amount
Charges are applied from the transaction date
A late payment fee may also be added
This means carrying a balance can increase your total repayment amount
💡
Simple rule: Pay your full bill on time to avoid any charges
Roarbank Starter credit limit
If you're new or building your credit profile, you may start with a Starter credit limit. It's designed to help you begin safely and grow quickly
How it works:
You get a smaller initial limit
Use it regularly for your spending
Repay on time, every time
How your limit increases:
Consistent usage
On-time repayments
Overall account behaviour
Example
Growing your limit 🪴
You receive
₹20,000 Starter limit
You use and fully repay it
multiple times (say 4–5 cycles)
No missed payments
Your limit becomes eligible for an increase
You may move closer to a standard credit limit
Smart ways to use your credit limit
Pay your total bill on time to avoid interest
Keep usage within your limit
Use regularly to build eligibility for higher limits
Avoid carrying outstanding balances
FAQ 🧐
What happens if I don't repay on time?
Interest will be charged on your outstanding amount, and a late payment fee may apply. This can also impact your credit profile
What are the requirements to get approved for the credit limit?
Approval depends on multiple factors such as your profile, credit history (if available), income indicators, and internal risk checks
Does using the Roarbank credit limit influence my credit score?
Yes. Responsible usage, especially paying on time and keeping balances low, can positively impact your credit score. Missed or delayed payments may negatively affect it
