Salary Now Quick Advance Loan 3.6

This review evaluates the loan processing services offered by Salary Now, which collaborates with RBI registered non-banking financial companies (NBFCs) such as Zed Leafin Pvt Ltd and Finkurve Financial Services Limited.

Unexpected life emergencies can create significant financial challenges. In such scenarios, a reliable financial organization that offers a rapid loan processing service can make a substantial difference. Salary Now positions itself as an accessible option during times of crisis, whether it be due to accidents, medical emergencies, or urgent repairs, providing financial relief when cash reserves are low.

The application process is streamlined and efficient. A team of experts conducts online document verification and processes loans within hours, ensuring that funds are available precisely when needed. With straightforward repayment options and transparency regarding fees—committed to customer trust—Salary Now aims to be a supportive ally during financial distress.

Eligibility Criteria:

• Must be an Indian citizen
• Salaried individuals
• Age above 18
• Minimum monthly take-home salary of ₹17,000

Loan tenures range from 62 days to 12 months, with interest rates varying between 36.5% and 182.5% per annum based on the specific loan product selected. Note that rates may fluctuate depending on the customer's risk profile and repayment period.

Loan Details:

• Loan amounts available range from ₹3,000 to ₹10,00,000
• Processing fees can vary from ₹150 to ₹10,000 based on the disbursed loan amount

The privacy policy is subject to change; thus, interest rates and processing charges may also vary.

Sample Loan Calculation:

• Loan amount: ₹50,000 at an interest rate of 0.20% per day (73% per annum flat)
• Loan duration: 240 days
• Total interest: ₹24,000
• Processing fees: ₹5,000 (exclusive of GST)
• Total deductibles: ₹5,900
• Net disbursed amount: ₹44,100
• Total repayable amount: ₹74,000
• EMI payment in 8 installments: ₹9,250

Please note that Salary Now does not engage directly in money lending; it serves as a platform facilitating connections to registered NBFCs and banks for users seeking loans.

How It Works:

1. Download the Salary Now app
2. Register using your mobile number and complete basic KYC requirements
3. Select a loan product
4. Submit additional KYC and income documentation
5. Upon approval, sign online loan agreements with approved NBFCs
6. Funds are credited directly to your bank account

Your privacy is prioritized at Salary Now. The organization adheres to stringent privacy guidelines; all data is encrypted and stored securely for loan approval processes and creditworthiness assessments.

If you have any suggestions or concerns, please contact [email protected]. The company is located at Z-29, 4th Floor, Okhla Phase 2, New Delhi - 110020.