Payday - Instant Personal Loan App Online Loan app
Loan Instant Personal Loan App
Loan amount: 1,000 to 50,000 rupees.
Loan term: 91 days (shortest, including renewal period) - 365 days (longest, including renewal period)
Low interest rate: annual interest rate, highest 35%, lowest 20%
For example: If the loan amount is ₹2,000, the interest rate is 30%, and the borrowing days are 91 days, the interest payable is as follows:
Interest = principal 2,000 rupees * interest rate 30%/annualized 365 days * borrowing days 91 days = total interest payable is 150 rupees.
Payday is an Instant Personal Loan Platform for Indian mobile users. Cash money fulfills customers’ financial needs 7*24 completely online. The application process takes just a few steps with minimal documentation in no more than 10 minutes and the approved loan amount is immediately transferred to the applicant’ s bank account.
Why choose Payday?
1. No credit history required.
2. Paperless and digital process on your mobile.
3. Disburse to your bank account directly in 5 minutes once approved.
4. Available across India.
5. As the credit score grows, the Sanctioned amount gradually increases. Variety of convenient repayment methods.
How it works？
1. Install the Payday from the Play Store.
2. Register an account.
3. Select the product you would like to apply for.
4. Fill out your basic information, then submit the application.
5. After the submission, you may receive a call for verification. The final application result will be shown in the APP and you will be informed by SMS if approved.
6. Provide the consent with the loan agreement after the approval.
7. After the confirmation with the loan agreement, the approved loan amount will be disbursed into your account within 5 minutes and a SMS notification will be sent.