| Payday Loan |
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What portion of my salary can I get in advance? A: You will be eligible to avail advance salary of a minimum of 2% up to 30% of your main salary. This amount will be judged based on alternate credit-scoring. |
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How many times in a month can I apply for nano-loan? A: You can apply for loan once a month. |
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Is there any processing fee involved? A: Yes, a processing fee of 0.5% will be applicable. |
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How will I repay the loan? A: The loan amount will be automatically debited from your Prime Bank, other bank or MFS payroll account. |
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If I miss a payment, what will the late charge be? A: In this case, an extra 2% per annum interest will be counted along with the 9% rate per annum for the loan. |
| Earned Wage Access |
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What portion of my salary can I get in advance? A: Your earned salary limit will be determined on daily basis as per monthly salary where:
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How many times in a month can I apply for nano-loan? A: You can apply for loan once a month. |
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Is there any processing fee involved? A: Yes, a processing fee of 0.5% will be applicable. |
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How will I repay the loan? A: The loan amount will be automatically debited from your Prime Bank, other bank or MFS payroll account. |
