Salary Now Loan
The Salary Now fintech company offers instant personal loans up to ₹10 lakh online anytime, anywhere. You get a flexible tenure of 61 to 365 days to repay your loan, along with an interest rate starting from 36% per annum. Apart from the interest rate, a processing fee of ₹150 to ₹5,000 is also levied, depending on the disbursed loan amount.
Salary Now Personal Loan Details
Below are the key details of the personal loan on the Salary Now Loan App:
| Loan Amount | ₹3,000 to ₹10,00,000 |
|---|---|
| Tenure | 61 - 365 days |
| Interest Rate | 36% - 182% p.a. |
| Processing Fee | ₹150 - ₹5,000 |
| Min Monthly Salary | ₹21,000 per month |
Features & Benefits of Salary Now Loan
Salary Now Loan comes with the following attractive features and benefits:
- You can borrow anywhere from ₹3,000 to ₹10 Lakhs based on the information entered in the app.
- Get fast approval with a simple application process.
- Flexible repayment tenure ranging from 61 days to 365 days.
- The end-to-end process is managed via the mobile app—from eligibility check and KYC document upload to digital e-mandate setup.
- Loans are facilitated through registered Non-Banking Financial Company (NBFC) partners such as Zed Leafin Pvt Ltd and Maxemo Capital Services Pvt Ltd.
- As an unsecured personal loan product, no asset security, gold, or guarantor is needed.
Salary Now Loan Interest Rates & Charges
Below are the details of the Salary Now loan interest rate and processing fee:
- Interest rate: Ranges from 36% to 182% per annum, depending on the product availed.
- Processing fees: Range from ₹150 to ₹5,000, depending on the disbursed loan amount
Compare Salary Now Loan App with Other Loan Apps
Below is the comparison table for the Salary Now Loan App with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| Salary Now | 36.00% p.a. onwards | ₹3,000 - ₹10 Lakh | 61 to 365 Days |
| MoneyWalle | 12.00% p.a. onwards | ₹5,000 - ₹1 Lakh | 62 to 365 Days |
| BharatLoan | Maximum 2.9% p.m. | ₹5,000 - ₹5 Lakh | 61 to 365 Days |
| Rupee Raftaar | 12.00% p.a. onwards | ₹5,000 - ₹5 Lakh | 3 to 24 months |
| Rupee112 | 35.00% p.a. APR | ₹20,000 - ₹5 Lakh | 61 to 365 Days |
| SalaryOnTime | 0.25% per day onwards | ₹10,000 - ₹1.2 Lakh | Up to 12 Months |
| Zype | 18.00% p.a. onwards | ₹3,000 - ₹5 Lakh | 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 |
Salary Now Loan Eligibility Criteria
The eligibility criteria required to apply for the Salary Now loan are mentioned below:
- Age: Between 18 and 60 years.
- Profession: Salaried Individual.
- Nationality: Indian resident.
- Minimum take-home salary: ₹21,000 per month or above.
Documents Required for Salary Now Loan
The applicant must have the following valid documents to apply for the Salary Now loan:
| Document Category | Required Documents |
|---|---|
| Identity Proof | PAN Card |
| Address / KYC Proof | Aadhaar Card |
| Income Proof | Salary Slips |
| Bank Account Statement | Salary Account Statement |
| User Identification | Live Selfie |
Steps to Apply for Salary Now Loan Online
- Download the Salary Now app on your Android mobile or apply on the Salary Now website
- Upload basic documents including your Bank Statement, Salary Slip, Identity Proof, and Residence Proof.
- Once your loan request is approved, review the sanction letter and sign the agreement.
- Get money credited to your bank account.
Salary Now Customer Care Details
For any suggestions or concerns, you can reach out to Salary Now customer care at:
- Email Address: hello@salarynow.in
FAQs
Yes. The Salary Now loan app is a legally registered app in India. It is deployed and backed by ZED LEAFIN PVT. LTD., an RBI-registered Non-Banking Financial Company (NBFC).
You can get ₹3,000 to ₹10 Lakhs from the Salary Now app.
Salary Now is listed in the RBI’s public directory of Digital Lending Apps (DLAs).
ZED LEAFIN PVT. LTD. is the NBFC behind the Salary Now app.
The interest rate for the Salary Now loan ranges from 36% to 182% p.a.
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.