Salary Setu Loan
Get instant personal loans up to ₹1,00,000 in just 5 minutes with Salary Setu. The short-term loan has to be paid in 36 days as a one-time payment with an interest rate of 1% per day onwards. The entire process is paperless and online, which takes just 5 minutes.
Salary Setu Personal Loan Details
The key details of the SalarySetu loan are as follows:
| Loan Amount | ₹5,000 - ₹1 Lakh |
| Interest Rate | 1% per day onwards |
| Tenure | 36 days |
| Processing Fee | ₹5,500 |
| Minimum Income / Salary | ₹15,000 per month |
Features & Benefits of Salary Setu Loan
- 100% digital process that lets you apply for the loan anytime and from anywhere, without needing to visit a branch.
- A loan of up to ₹1 Lakh is available instantly in just 5 minutes.
- Data protection with enterprise-level encryption.
- Loan is also available to individuals with low credit scores.
- People earning a regular monthly income are eligible for the Salary Setu Loan.
- Real-time eligibility check.
- No paperwork needed.
- The entire process is browser-based; you don’t need to download any app.
Salary Setu Loan Interest Rates & Charges
Below are the interest rates and other charges applicable to the SalarySetu Loan:
- Interest rate: 1% per day to 50% per month.
- Late fee: 2% of the loan amount.
- Penal interest: 2% per day.
- Processing fee: ₹5,500.
Compare SalarySetu Loan App with Other Loan Apps
Below is the comparison table for the SalarySetu Loan app with other loan apps:
| App | Loan Amount | Starting Interest Rate | Tenure |
|---|---|---|---|
| Salary Setu | ₹5,000 - ₹1 Lakh | 1% per day | 36 days |
| CreditSea | ₹10,000 - ₹2 Lakhs | 14.00% p.a. onwards | 3 to 36 Months |
| Salary Adda | ₹10,000 - ₹1 Lakh | 0.9% p.m. onwards | 61 to 365 Days |
| Dhan Pocket | ₹5,000 - ₹1 Lakhs | 0.50% per day onwards | 7 days to 3 months |
| Ram Fincorp | ₹1,000 - ₹2 Lakhs | 2% p.m. | 2 - 12 months |
| Jet Fund | ₹5,000 - ₹1 Lakh | Up to 3% per month | 91 to 365 Days |
| Kamakshi Money | ₹1,000 - ₹2 Lakhs | 2% p.m. | 2 - 12 months |
| Fundo Baba | ₹5,000 - ₹1 Lakh | 15% - 35% APR | 61 - 365 days |
| F1 Speed | ₹5,000 - ₹1 Lakh | 1.25% - 2.92% p.m. | 61 - 365 days |
| FatakPay | ₹30,000 to ₹5 Lakhs | 12% p.a. | 3 - 36 months |
Salary Setu Loan Eligibility Criteria
- Age: Between 21 and 55 years old.
- Minimum monthly salary: Applicants must be earning a regular monthly income of at least Rs. 15,000 or more
- Job stability requirement: Applicant must have worked for at least 3 months with the current employer
- Salary transfer: Get salary via bank transfer (NEFT/RTGS/Bank Transfer) only.
Documents Required for Salary Setu Loan
To apply for a personal loan with Salary Setu, you only need the last 1 month's bank statement. This one document is sufficient.
Steps to Apply for SalarySetu Loan Online
- Visit the official website of Salary Setu loan.
- Click the Apply Now button and fill in the application form online.
- On approval, the loan amount will be disbursed to your account instantly.
Salary Setu Customer Care Details
You can contact the Salary Setu customer care team through any of the following ways:
- Email for general queries: support@SALARYSETU.com
- Email for existing customers: support@SALARYSETU.com
- Phone: 7303097125/ +91 9211354402
- Customer support hours: 09:00 AM to 05:30 PM (Monday to Saturday)
FAQs
You can get anywhere between ₹5,000 and ₹1 Lakh from Salary Setu, depending on your eligibility.
The interest rate for the Salary Setu Loan starts at 1% per day.
You can contact the Salary Setu customer care team through any of the following ways:
- Email for general queries: support@SALARYSETU.com
- Email for existing customers: support@SALARYSETU.com
- Phone: 7303097125/ +91 9211354402
Salary Setu operates in partnership with an RBI-registered NBFC (Non-Banking Financial Company).
The processing fee for the Salary Setu Loan is ₹ 5,500.
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.