Lending policy

Who lends

AdvanceRupay is a brand of MD Finlabs Private Limited and operates the platform as a Lending Service Provider. Every loan is sanctioned and disbursed by Salora Capital Limited, an RBI-registered NBFC (CIN U72900MH1999PLC122849), named in your Key Fact Statement and agreement. Salora Capital Limited is the lender of record; MD Finlabs Private Limited does not lend on its own account and no loan funds are routed through its accounts.

Disclosure before acceptance

A Key Fact Statement is generated for every offer and must be presented, in full, before acceptance. It states the amount, all applicable charges and taxes, the total repayable, the repayment date, the cooling-off right and the grievance contact.

Disbursal

Funds are credited only to a bank account in the applicant's own name, verified during KYC. No cash, no third-party accounts, no intermediaries, no agents handling money.

Cooling-off

You may exit within three days of disbursal at zero penalty, repaying the principal plus only the interest proportionate to the days used.

Responsible lending limits

We do not lend to applicants who fail affordability assessment, do not roll over a loan into a new loan to avoid a default, and do not solicit a fresh loan before an existing one is closed.

बिना काग़ज़ी कार्रवाई का ऋण

No documentation, disbursal to your own bank account, and every charge disclosed in your Key Fact Statement before you accept.