Salary Adda Loan
Salary Adda app offers an instant loan of ₹10,000 to ₹1 Lakh to salaried individuals for flexible tenures ranging from 61 to 365 days. The interest rate starts at 0.9% per month. You can prepay your loan at any time without paying any additional charges.
Salary Adda Personal Loan Details
Below are the key details of the Salary Adda Loan:
| Loan Amount | ₹10,000 - ₹1 Lakh |
|---|---|
| Tenure | 61 - 365 days |
| Interest Rate | Starting from 0.9% per month |
| Prepayment charges | Nil (Zero charges) |
| Min Income Requirement | Net monthly salary of ₹25,000 or above |
Features & Benefits of Salary Adda Loan
The following are the main features and benefits of the Salary Adda loan:
- The available loan amount ranges from ₹10,000 to ₹1,00,000.
- Flexible repayment tenure between 61 and 365 days.
- Zero part prepayment and foreclosure charges.
- It takes just 5 minutes from application to disbursal.
- Loans are also available for people with low credit scores as well as new-to-credit individuals.
- The online loan EMI calculator helps you calculate an accurate EMI instantly.
- 100% digital process and instant approval.
Salary Adda Loan Interest Rates & Charges
The interest rate and other charges associated with the Salary Adda loan are as follows:
- APR: 15% – 35% p.a.
- Interest rate: 0.9% per month onwards.
- Prepayment/ pre-closure charges: Nil.
Compare SalaryAdda Loan App with Other Loan Apps
Below is the comparison table for the SalaryAdda loan app with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| Salary Adda | 0.9% p.m. onwards | ₹10,000 - ₹1 Lakh | 61 to 365 Days |
| Jet Fund | Up to 3% per month | ₹5,000 - ₹1 Lakh | 91 to 365 Days |
| Dhan Pocket | 0.50% per day onwards | ₹5,000 - ₹1 Lakh | 7 Days to 3 Months |
| CreditSea | 14.00% p.a. onwards | ₹10,000 - ₹2 Lakhs | 3 to 36 Months |
| SalaryOnTime | 0.25% per day onwards | ₹10,000 - ₹1,20,000 | Up to 12 Months |
| Zype | 18.00% p.a. onwards | ₹3,000 - ₹5 Lakhs | 6 to 36 Months |
| Loanwalle | 2.91% p.m. onwards | ₹10,000 - ₹3 Lakh | 12 to 36 Months |
| Squid Loan | 0.9% per day onwards | ₹5,000 - ₹1 Lakh | 7 to 365 Days |
| LoanPey | 2.00% p.m. onwards | ₹5,000 - ₹1 Lakh | 3 to 12 Months |
| Creditt+ | 0.3% - 0.6% per day | ₹8,000 - ₹35,000 | Up to 3 Months |
Salary Adda Loan Eligibility Criteria
Below are the eligibility criteria required to apply for the Salary Adda loan:
- Nationality: Indian citizen.
- Profession: Salaried individuals.
- Minimum net monthly take-home salary: ₹25,000 or above.
- Age limit: Between 21 and 60 years.
- Credit score: Lower credit scores are accepted.
Documents Required for Salary Adda Loan
The documents required to apply for the Salary Adda loan are listed below:
- PAN
- Aadhaar
- Identity proof
- Income proof
- Bank statements
Steps to Apply for a Salary Adda Loan Online
Follow the steps given below to apply for the Salary Adda loan:
- Visit the Salary Adda portal or app and submit your PAN and mobile details.
- Complete the 100% digital KYC and income verification by uploading the required documents.
- Wait for instant system evaluation and approval.
- Receive the approved loan amount directly in your bank account.
Salary Adda Customer Care Details
You can contact the Salary Adda customer support team for assistance with your queries.
- Salary Adda Customer Care Number: +91-9667770191 (Available 24/7)
FAQs
Salary Adda operates as a digital lending platform powered by RBI-registered NBFCs rather than holding a direct lending license itself.
SalaryAdda is a genuine platform for instant loans.
You can get a loan amount from ₹10,000 to ₹1 Lakh through the Salary Adda app.
The interest rate on Salary Adda Loan starts from 0.9% per month.
Yes, you can apply for a loan through Salary Adda without a traditional salary slip if you can provide alternative income verification, such as the latest bank statements.
You can contact the Salary Adda customer care team by calling +91-9667770191.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.