Rate And Terms
Clear rates, fair terms, no surprises. Review our pricing and policies to make informed decisions with confidence.
How is the annual percentage rate (APR) determined?
The Annual Percentage Rate (APR) for loans is determined by several factors, including:
Interest Rate
The base interest rate charged by the lender on the loan amount.
Loan Term
The length of time over which the loan will be repaid. Longer terms may have different rates.
Fees and Charges
Any additional fees, such as origination fees, or other charges that may apply to the loan.
Credit Score
The borrower's credit score & history, which can influence the interest rate offered by the lender.
Loan Amount
The total amount of the loan, as higher loan amounts might have different rate structures.
Market Conditions
Prevailing economic and market conditions can impact the interest rates offered by lenders.
How Do Our Rates and Fees Work?
At SalaryInAdvance, we strive to offer transparent and competitive rates and fees to our customers. Here’s how our rates and fees structure works
- Interest Rate: Our loans come with a competitive interest rate that is determined based on several factors, including the loan amount, loan term, and your creditworthiness
- Annual Percentage Rate (APR): The APR includes the interest rate as well as any additional fees or charges associated with the loan. It provides a comprehensive view of the total cost of the loan on an annual basis, making it easier for you to compare different loan offers.
- Origination Fees: In some cases, we may charge an origination fee for processing your loan application. This fee is typically a percentage of the loan amount and is deducted from the loan disbursement.
- Late Payment Fees: If you miss a payment or fail to make a payment by the due date, a late payment fee may be charged. We encourage timely payments to avoid these additional charges.
- Prepayment Penalties: At SalaryInAdvance, we do not charge any prepayment penalties. You can repay your loan early without any extra charges, allowing you to save on interest costs.
- Processing Fees: Depending on the type of loan and the specific terms, there may be a one-time processing fee to cover administrative costs. Why Choose SalaryInAdvance
Why Choose SalaryInAdvance
Transparent Pricing
No hidden charges or unexpected fees.
Competitive Rates
We offer some of the best rates in the industry.
Flexible Terms
Tailored loan terms to suit your financial needs.
Amount
Minimum Amount : 5000/-
(Five Thousand Rupees)
Maximum Amount : 100000/-
(One Lakh Rupees)
Charges
Rate Of Interest (0.25 – 1) % Per Day
Processing Fee 10%
Maximum APR 486.67% Per Annum
No Partial Payment Charges
No Preclosure Charges
Document
- Last Three Month’s Salary Account Statement
- Pan Card
- Last 1 Month’s Electricity Bill/Phone Bill
- Latest Three Month’s Salary Slip
- For Address Proof:
- Aadhaar Card
- Passport
- Voter Id Card
- Rent Agreement