SalaryCredits

SalaryCredits is an online fin-tech platform that enables the Employee Financial Well-Being of partnered/ registered-on-platform companies. SalaryCredits has more than 6 years of experience in helping employers to financially enable their employees and positively impact the financial health of the companies. This is a closed marketplace and is not intended for public use.

1 in every 3 employees is struggling financially and uses expensive forms of borrowing, which makes it even more difficult to get out of the vicious cycle. SalaryCredits, hence, helps to minimize the financial worries of partnered companies’ employees.

The product features include:

SalaryCredits provides the Use of Financial Planning Tools like Planners, EMI calculators, etc. And enables Financial inclusion through hassle-free, affordable finance in the form of Earned Pay Access through Salary Advance, Short-Term Personal Loans, and other similar products, in collaboration with RBI-registered NBFCs.


SalaryCredits Product Offerings:

Salary Advance:- SalaryCredits provide an option for an employee to avail amount of up to 1 months salary and pay back in 3 easy EMIs.

Short-Term Personal Loan:- SalaryCredits provide an option for employees to avail amount of up to 1 Lac with flexible tenure of up to 12 months.

Personal Loan:- SalaryCredits provide an option for an employee to avail amount of up to INR 5 Lacs with flexible tenure from 12 to 24 months.

The loan amount starts from INR. 10,000/- to INR. 2,00,000/- the repayment period starts from 3 to 24 months. Interest rates range from 11% to 30% yearly depending on the product availed.

Example 1: If an employee takes a Salary Advance Loan of INR 25,000 for 3 months and the interest rate is 22% yearly the EMI would be INR. 8,641 per month and the total interest payable would be INR. 922/- along with a processing fee of INR. 1,000 employees would end up paying INR. 26,922. This would transact to a maximum APR of 26.0%

Example 2: If an employee takes a Short Term Loan of INR. 50,000 for 12 months and the interest rate is 22% yearly the EMI would be INR. 4,680 per month and the total interest payable would be INR. 6,160 along with a processing fee of INR. 1,000 employees would end up paying INR. 57,160. This would transact to a maximum APR of 24.0%

Example 3: If an employee takes a Personal Loan of INR 2,00,000 for 24 months and the interest rate is 22% yearly the EMI would be INR. 10,376 per month
and the total interest payable would be INR. 49,015 along with a processing fee of INR. 4,000 employees would end up paying INR. 2,53,015. This would transact to a maximum APR of 24.0%


Key Benefits:

Need-based Financial support
Re-filler & Exciting Recommended offers.
Debt Consolidation, Rent & Bill Payments.
Restructure & instant foreclosures of Advances.
No prepayment charges, No Extensive paperwork


Eligibility Criteria:
Salaried Individuals
A confirmed/permanent employee of the partnered company
Above the age of 18 years
Minimum take-home salary per month INR. 10000/-

Data Security and Privacy:
SalaryCredits ensures and strictly follows government-mandated guidelines for user data security and privacy.

* Privacy Policy: https://www.salarycredits.com/privacy-policy
* Terms & Conditions: https://www.salarycredits.com/terms-conditions

Our RBI registered NBFCs/lending partners: Naini Fincap Limited
Official Website: https://nainifincap.com
Official Partner Page: https://nainifincap.com/salary-credits/

Our policies & services are fully regulated & 100% RBI compliant in all processes, duly defined by RBI.

Customer Support:
Email: [email protected]