Salary loan
Need money beforepayday?
A short-term Salary Loan through TrustLender, subject to eligibility. Borrow what you need until salary day and repay it in one payment, collected automatically on your next salary date.
About two minutes. Checking eligibility does not affect your credit score.
At a glance
- Amount
- ₹4,500 – ₹9,000
- Repayment
- One payment on your next salary date
- Interest
- 11.11% per month
- Charges
- Processing fee and GST, shown before you accept
- For
- Salaried customers with a regular bank credit
Your payday, your due date
When is your salary credited?
Pick a date to see how it works. The repayment is collected by auto-debit on your next salary date.
Thursday, the 1st of next month
In this example you receive the loan on the 16th. One payment of the amount, interest and charges is collected by auto-debit on the 1st (next month), 15 days later.
- The full amount is due on one date; keep that balance available.
- Pay early any time from your account.
Example dates only. Your due date is agreed when you accept the offer and printed in your schedule.
Salary Loan
The facts.
Figures marked as typical come from how the Salary Loan is currently configured. Your own offer, with the exact interest, charges and due date, is shown before you accept and again in your Key Fact Statement.
Eligibility
Salaried Indian residents aged 21 to 60 with a PAN, Aadhaar, an active bank account receiving a regular salary credit, and a credit profile that passes the check.
Loan amount
₹4,500 – ₹9,000
What you are offered depends on your salary and eligibility, and is stated in your offer.
Repayment
A single repayment of the amount, interest and charges, collected by auto-debit on your next salary date.
Interest
11.11% per month on the amount borrowed
Charged on the amount borrowed, for the period of the loan.
Charges
A processing fee plus GST on it, shown in your offer before you accept. No hidden charges and no prepayment penalty.
Due date
Your next salary date, agreed when you accept the offer and printed in your schedule. Pay early any time from your account.
Application
Six steps, all on your phone.
Tap a step to see the screen. Your own figures appear in your offer before you accept anything.
Step 1 of 6: Verify your number
What it costs
Itemised- Amount borrowed
- In your offer
- + Interest for the period
- In your offer
- + Processing fee
- In your offer
- + GST on the fee
- In your offer
= One payment on your next salary date
Shown in your Key Fact Statement
Nothing is added afterwards.
Good to know
Before you apply.
Interest for the period plus a processing fee and GST. Everything is itemised in your offer and Key Fact Statement before you accept; nothing is added afterwards.
- Your salary credit is checked from your bank statement.
- The full amount is due on one date; keep that balance available.
- Repaying on time keeps you eligible for future loans.
Salary Loan FAQs
Questions about payday repayment
Short answers. The full list, and support, is a tap away.