Add new credit line
To add a new credit line:
- Click on the
button at the bottom of the credit lines screen.
Then you can grant a credit line:
- To a single user by choosing one of the existing connections you have
- OR to multiple users by turning a switch to a Multiple user position and tapping checkboxes next to respective connections. In this case a credit line with the same parameters will be granted to all selected connections. Tap Next.
Hint: a list of connections can be filtered by any searchable parameter.
Choose the currency in which you want to grant a credit line.
- Enter the credit line limit.
- Enter the time target.
- Enter the interest rate. This refers to an annualized interest rate.
- Enter a one-time fee amount in %. This is optional and should generally be set to 0%.
- Confirm the created credit line by pressing on the Confirm button.
