SalaryOnTime Loan

Here are the key details of the SalaryOnTime Loan:

Below are the attractive features and benefits of the SalaryOnTime loan:

• SalaryOnTime is an RBI-Registered NBFC. 
• Instant approval for collateral-free personal loans up to ₹1,20,000 with direct bank transfer.
• Flexible repayment tenure of up to 365 days.
• Zero hidden charges.
• Low CIBIL score supported.
• 100% digital process.
• Loan calculator helps you calculate your EMI in advance.
• Competitive interest rate of 0.25 - 1% per day. 
• A wide variety of loan options to choose from, i.e., instant loan, short loan, emergency loan, salary advance loan, and personal loan for low CIBIL.
• Personal loan for medical emergencies, wedding shopping, gifting, education, two-wheeler, travel, special occasions, etc.

The following are the interest rates and other charges associated with the SalaryOnTime loan:

• Interest rate: 0.25 - 1% per day.
• Maximum APR: 35% p.a.
• Processing fee: 10% of the loan amount.
• Partial payment charges: Nil.
• Foreclosure charges: Nil.
• Tracing charges: ₹300.
• No response fee: ₹300.
• Recollection fee: ₹300.
• Change of repayment date: ₹300. 
• Change of nominated account: ₹300. 
• Late payment fee: ₹750 - ₹6,000. 
• Additional late payment fee: For delays of an EMI beyond a month, an additional 2% penal interest rate will be charged on the overdue amount.    
• Loan cancellation charges: ₹1,000.

Below is the comparison table for the SalaryOnTime loan app with other loan apps:

SalaryOnTime loan eligibility criteria are as follows:

• The applicant must be a salaried professional. 
• The applicant should be a citizen of India.
• The applicant  must earn a minimum monthly salary of ₹30,000
• The applicant must be in the age bracket of 21 to 54 years.
• The applicant should not be unemployed at any time during the last 6 months.
• The applicant should not have any civil/ criminal litigation instituted against them.
• The applicant must be receiving their monthly salary in a bank account.

The documents and other requirements to get a SalaryOnTime loan are as follows:

• The applicant must have a rupee-denominated savings/current account with a bank in India. 
• The applicant must have a PAN (Permanent Account Number), allotted by the Income Tax Department of India. 
• The applicant must have an Aadhaar Card 
• The applicant must have Salary Slips/ Bank Statements.

The SalaryOnTime loan application process is easy and takes a few minutes.

• Download the SalaryOnTime app from the Play/App Store.
• Sign up using your mobile number and verify by entering the OTP.
• Apply online with some basic details.
• Upload the required documents (PAN, Aadhaar and bank statement).
• Complete eKYC instantly.
• Get approval within minutes.
• Receive funds up to ₹1.2 Lakhs directly in your bank account in just 10 minutes.

Here are the SalaryOnTime customer care details:

• Contact No.: +91-8130604721 (Available 24/7)
• Email ID: info@salaryontime.com