Salary Advance Loan — Borrow Against Your Next Salary
Product tier: T2
A salary advance is a short-term loan of roughly ₹10,000 to ₹1,00,000 repaid in one shot on your salary date or over 2–3 instalments. It exists for the week the money runs out before the month does — a hospital bill, a bounced EMI, rent due before payday. It is faster and smaller than a bank personal loan, and priced higher: always check the fees-inclusive APR, not just the per-month rate.
Who it fits
- Salaried, net income usually ₹18,000+/month, paid into a bank account
- Age 21–55 with PAN and Aadhaar
- A specific, short-lived cash gap — not an ongoing shortfall
- Borrowers who can repay in full on salary date without re-borrowing
Who should skip it
- If you need the money for more than ~3 months, a small-ticket EMI loan is cheaper — see small personal loan
- If you already have 2+ running app loans, another advance usually deepens the hole — read our stacking-cycle guide
- If income is irregular or in cash, most lenders here will decline; see loan for cash salary
How applying works
- Check eligibility with a soft bureau pull — zero CIBIL impact
- See every matching partner offer with fees-inclusive APR and total repayable
- Pick a lender, finish KYC on the lender's own flow, get the Key Fact Statement
- Money lands directly from the NBFC's bank account to yours — we never touch funds
Check my offers — zero CIBIL impact
What it really costs — representative examples
Illustrations computed with disclosed assumptions (small tickets: 0.1%/day; mid: 2.5%/month; EMI: 28% p.a.; 3% processing fee + 18% GST). Actual lender pricing varies — every real offer shows that lender's own KFS numbers.
| Amount | Tenure | Rate | Fee | GST | You receive | You repay | Total cost | APR | Repayment |
|---|---|---|---|---|---|---|---|---|---|
| ₹15,000 | 30 days | 0.1% per day | ₹450 | ₹81 | ₹14,469 | ₹15,450 | ₹981 | 82.5% | single repayment |
| ₹30,000 | 45 days | 2.5% per month | ₹900 | ₹162 | ₹28,938 | ₹31,125 | ₹2,187 | 61.3% | single repayment |
| ₹50,000 | 60 days | 2.5% per month | ₹1,500 | ₹270 | ₹48,230 | ₹52,500 | ₹4,270 | 53.9% | single repayment |
Frequently asked questions
Does checking my offer affect my CIBIL score?
No. We use a soft enquiry, which is not visible to other lenders and does not change your score. A hard enquiry happens only when you proceed to apply with a specific lender.
How fast is disbursal?
Depends on the lender and your bank — typically same day once KYC and e-mandate are complete. Each offer card shows that lender's stated turnaround time.
Can I repay early?
Yes. Under the RBI Digital Lending Directions you also have a cooling-off period (minimum one day, shown per lender) to exit by repaying principal plus proportionate charges.
Is KredBaba a lender?
No. KredBaba is a Lending Service Provider (LSP). Loans are sanctioned and disbursed only by RBI-registered NBFC partners; the loan agreement and KFS are theirs.