Salary advance loan in India

SALARY ADVANCE
Know about Salary Advance

Working professionals have a range of needs that must be met, and MobiCred recognizes and supports these needs. Salary advance loans are designed exclusively for working professionals who rely largely on their monthly income to make ends meet. This provides professionals with an online loan to help them fulfill their financial needs, which can be paid back in EMIs or in full after their actual salary is credited into their bank account.
Salary Advance Loan, as the name indicates, is a loan for salaried individuals to meet some unexpected expenses or to tide over a temporary cash crunch. These loans are instant , short- term and can be repaid in easy EMIs .
The Salary Advance Loan offered by MobiCred is fully digital, safe and secure. The process is very simple and convenient . The loan application process can be completed with few clicks from your mobile phone and there is no need for physical visit to Branch. You can avail this loan from the comfort of your home or office.

Benefits
  • Quick one time approval process
  • Interest charged on actual outstanding, ranging from 1 % to 2.5 % per month on reducing balance. APR ranges from 12% to 30%.
  • Flexible repayment option from 90 days to 365 days
  • Flexible loan amount from as low as Rs.8000/- to Rs.1,00,000/-
  • Must be an Indian citizen
  • Must be above 22 years and below 55 years
  • Must be pursuing full time job
  • Minimum take home salary of Rs. 15000/- per month credited in bank account
  • Must have completed one year of service period at the time of application
  • Aadhaar card
  • Pan card
  • Institution id card
  • Valid live photograph(to be uploaded on the MobiCred app)
  • Bank statement for three months where salary is credited
  • Valid address proof:- Driving license/Gas passbook and receipt/Electricity bill/Land line Bill (Note:-all utility bills to be within 90 days)
  • Shopping
  • Party and small outings
  • House Renovation
  • Home Furnishing
  • Purchase of Two Wheeler
  • Purchase of Mobile Phone
  • Any other planned and unplanned needs
What people says about us
Liyakath Ali

Even my location they dont give service but the way of communicate I really happy on it.most of the apps should learn from those people working under MobiCred.thanks guys whoever work in MobiCred

Suryakanta mohanty

It is very very good app. Loan tenure and interest fee is also good. Accordingly staffs are very good and cooperative. Thanks to MobiCred team and it's director.

Moulinath Sengupta

The way it process the loan is really nice verification process is also good and the behaviour of all support person is really good I am really satisfied

Durjyodhan Das

This is a very good app for personal loan. This app is paperless, simple, easy online documents verification, and very quickly process, if any one interested you can apply personal loan. MobiCred customers care very quickly service.

Get Flexi Personal Loan in few Steps

Register

Sign up with your mobile number

Create a profile and upload document

Fill in your details and upload documents

Apply & Complete loan documentation

Select a loan and complete documentation

Money Transfer

Money is transferred to your bank account instantly after documentation

Why to choose us

We provide money instantly for fulfilling your dreams and requirements with the intelligent use of technology and innovations

Money For You

We provide loans for age group of above 22 years and below 55 years for amount as low as Rs.8000 to Rs.1,000,00

Flexible Repayment

Choose repayment option between 90 days to 365 days and zero foreclosure charges.

Faster and Convenient

Our process is faster, simple and convenient; you get the process completed with few clicks in your mobile

Digital and Secure

The process is completely digital, fully safe and secure

Eligibility & Documents
Eligibility Criteria and Required documents for personal loan

Eligibility Criteria

  • Must be an Indian citizen
  • Must be above 22 years and below 55 years
  • Must be pursuing full time job
  • Minimum take home salary of Rs. 15000/- per month credited in bank account
  • Must have completed one year of service period at the time of application

Required Documents

  • Aadhaar card
  • Pan card
  • Institution id card
  • Valid live photograph(to be uploaded on the MobiCred app)
  • Bank statement for three months where salary is credited .
  • Valid address proof:- Driving license/Gas passbook and receipt/Electricity bill/Land line Bill   (Note:-all utility bills to be within 90 days)

Calculate Your EMI
Know about Personal Loans

10,591.37
Monthly Payment(EMI)
3,548.20
Total Interest Payable
63,548.20
Total of Payments (Principal + Interest)

Download
the MobiCred app