Our loan products
One product, shaped to the reason you need it.
Short-term personal loan
A single-repayment personal loan for a genuine short gap. Applied for on your phone, verified digitally against your PAN and Aadhaar, and disbursed to a bank account in your own name. Your approved amount, all applicable charges and your repayment date are stated in the Key Fact Statement before you accept anything.
For salaried applicants
Assessed from verified salary credits, with the repayment date aligned to your income cycle. Connecting your salary account read-only through the Account Aggregator framework is the fastest route and usually produces a better offer than payslips.
For self-employed applicants
Assessed on regular income across bank statements rather than salary slips, with seasonality in your business cycle taken into account and repayment timed to expected receivables.
What the purpose changes
Purpose does not change your charges. It helps us size the offer sensibly and set a repayment date that fits — a medical bill and a festival expense have different urgencies and different cash-flow shapes.
The product in full
One short-term personal loan: an amount between ₹5,000 and ₹50,000, repaid in a single instalment 30 days after disbursal. Interest is fixed at 1% per day on the sanctioned amount. The only upfront charge is a processing fee of ₹500 plus 18% GST, ₹590 in total, deducted before the money reaches you.
A worked example
On a sanctioned amount of ₹25,000 over 30 days: the processing fee and GST of ₹590 are deducted, so ₹24,410 reaches your bank account. Interest for the 30 days is ₹7,500, making the total repayable ₹32,500 on the due date. The APR shown in your Key Fact Statement for this example is 403.23%.
What it costs to close early or late
There are no foreclosure or prepayment charges, and interest applies only to the days you actually used the money, so repaying before the due date costs less. If the loan runs past its due date, penal charges of 0.1% per day apply to the overdue principal only; they are not capitalised and no interest is charged on them.
Who is this product not for?
It is not suited to long-term borrowing or to refinancing another loan. This is short-term, higher-cost credit, and it is appropriate only where you can clear the full amount from your next income cycle. We do not promise guaranteed approval.
Who sanctions and disburses the loan?
Salora Capital Limited, an RBI-registered NBFC. AdvanceRupay is a brand of MD Finlabs Private Limited, acting as the Lending Service Provider for sourcing, servicing and collections; it does not lend on its own account.
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No documentation, disbursal to your own bank account, and every charge disclosed in your Key Fact Statement before you accept.