Salary Now Quick Advance Loan
No in-app products collected for this app.
| Rating | |||
|---|---|---|---|
| India | 100%361 | 4.71 |
Description
Salary Now is a trustworthy fintech platform that helps users access loans when they need them the most. Loans available through the app are provided through our lending partners Zed Leafin Pvt Ltd and Maxemo Capital Services Private Limited, both RBI registered NBFCs.
Eligibility Criteria
Indian citizen
Salaried individuals
Above the age of 18
Minimum take-home salary per month INR 21,000
Loan Tenure: 70 days to 12 months
Interest rates range from 24 percent to 36 percent per annum depending on the user eligibility.
Rate varies based on customer risk profile and repayment period.
Loan Amount Range
We offer loans ranging from INR 3,000 to INR 10,00,000.
Processing Fees
Processing fees range from INR 150 to INR 5,000 depending on the disbursed loan amount.
Our pricing policy may change from time to time, therefore interest rates and processing charges may vary.
Sample Loan Calculation
For Instance:
Loan Amount: ₹10,000
Tenure: 180 days
Annual Percentage Rate (APR): 36%
Daily Interest Rate: 0.10% per day
Processing Fees (incl. GST): 5% [₹500 + ₹90 GST] = ₹590
Interest: ₹1,782
Monthly EMI: ₹1,843
Disbursed Amount:
₹10,000 − ₹590 = ₹9,410
Total Repayment Amount: ₹11,880
Total Cost of the Loan:
Interest Amount + Processing Fees = ₹1,782 + ₹500 = ₹2,282
We are not directly engaged in money lending activities. The app only provides a platform to facilitate lending by registered Non-Banking Financial Companies (NBFCs) or banks to users.
How It Works
1. Download the Salary Now app.
2. Upload basic documents such as:
Bank statement
Salary slip
ID proof
Residence proof
3. Once the loan is approved, review the sanction letter and sign the agreement.
4. The approved amount is credited to your bank account.
Your Privacy is Our Top Priority
We follow strict privacy guidelines. User data is encrypted and stored securely for the purpose of loan sanction and determining creditworthiness.
For suggestions and concerns, contact us at: [[email protected]](mailto:[email protected])
Address:
Z-29, 4th Floor
Okhla Phase 2
New Delhi 110020