SalaryOnTime

The SalaryOnTime mobile application, developed by Kasar Credit and Capital Pvt Ltd, facilitates immediate access to personal loans. The app offers a variety of loan amounts, ranging from ₹5,000 to ₹1,00,000, with repayment terms of up to 365 days. Notably, the platform emphasizes competitive interest rates and transparency through clear Annual Percentage Rate (APR) calculations.

How It Works:

1. Download the App:
   • Available on both the App Store and Google Play Store.
   • Free to download and use.
2. Register:
   • Sign up using your phone number.
   • Complete your profile with necessary personal and financial details.
3. Apply for a Loan:
   • Select the desired loan amount and repayment term.
   • Upload required documents and submit your application.
4. Get Approved:
   • Receive instant approval with a loan offer.
   • Review and accept the specified loan terms.
5. Receive Funds:
   • The approved loan amount is promptly credited to your bank account.
6. Repay on Time:
   • Adhere to the repayment schedule provided through the app.
   • Make payments via a secure payment gateway integrated within the app.

Repayment Schedule:

• Flexible Tenure: Choose a repayment period fitting your financial circumstances, up to 365 days.
• Automated Reminders: Timely notifications before each due date ensure you stay on track with payments.
• Transparency: A detailed overview of principal, interest, and remaining balance is provided.

APR Calculation Detailed Example:

An example illustrates borrowing ₹10,000 at a monthly interest rate of 3% over 12 months:

• Loan Amount: ₹10,000
• Monthly Payment (EMI): ₹1004.68
• Total Repayment Amount: ₹12,056.16
• Total Interest Paid: ₹2056.16
• Maximum Annual Percentage Rate (APR): 42.576%
• Minimum Period For Repayment: 90 Days
• Maximum Period For Repayment: 365 Days

This example effectively demonstrates how the monthly interest rate translates into APR, presenting a comprehensive view of borrowing costs over one year. Adjustments can be made as per specific loan terms and conditions.

Contact Us:

For further information or support, reach out to us at:
Kasar Credit and Capital Pvt Ltd
Email: [email protected]
Phone: +918800002890