SalaryOnTime:Personal Loan App 3.0.0

The SalaryOnTime mobile application, developed by Kasar Credit and Capital Pvt Ltd, presents a user-friendly platform for accessing instant loans. With a range of flexible loan options, it caters to both small and large amounts, offering terms of up to 365 days. The application emphasizes transparency with its competitive interest rates and clear Annual Percentage Rate (APR) calculations.

How It Works:

1. Download the App:
   • Accessible on both the App Store and Google Play Store.
   • Free to download and use.
2. Register:
   • Create an account using your phone number.
   • Complete your profile with essential personal and financial details.
3. Apply for a Loan:
   • Select a loan amount ranging from ₹5,000 to ₹1,00,000 with a repayment term of up to 365 days.
   • Upload required documents and submit your application.
4. Get Approved:
   • Receive instant approval along with a loan offer.
   • Review and accept the terms of the loan.
5. Receive Funds:
   • The loan amount is deposited into your bank account within minutes.
6. Repay on Time:
   • Adhere to the repayment schedule provided within the app.
   • Make payments directly through the app utilizing a secure payment gateway.

Repayment Schedule:

• Flexible Tenure: Choose a repayment period of up to 365 days that aligns with your financial circumstances.
• Automated Reminders: Receive notifications prior to each due date to facilitate timely payments.
• Transparency: Access a detailed overview of principal, interest, and remaining balance.

APR Calculation Detailed Example:

For instance, borrowing ₹10,000 at a monthly interest rate of 3% over a 12-month period would result in:

• 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 Repayment Period: 90 Days
• Maximum Repayment Period: 365 Days

This illustration effectively outlines how the monthly interest rate translates into the APR, providing insight into the total cost of borrowing throughout the year. This example can be tailored to fit specific loan terms as necessary.

Contact Us:

If you require further information or support, please reach out to us at:

Kasar Credit and Capital Pvt Ltd
[email protected]
+918800002890