PayDay Loan

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PayDay Loan

Get instant PayDay Loans from ₹3,000 to ₹1.5 lakh with no paperwork. Quick online disbursal to your Kotak Bank account at attractive rates.

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Details for PayDay Loan

PayDay Loan offers fast, hassle-free financial support ranging from ₹3,000 to ₹1.5 lakh, disbursed instantly to your Kotak Bank account. Enjoy competitive interest rates, zero documentation, and no post-dated cheques required. With minimal processing fees starting at just ₹150, it's designed for quick needs. Bounce and penal charges apply on delays, and stamping charges are state-specific. Ideal for short-term cash crunches, this loan solution is simple, secure, and fully digital for a seamless experience.

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Loan Amount

Up to 35,00,000/-

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Interest Rate

1.10% per annum

Age

  • 21 years to 58 years

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Nature of Employment

  • Salaried - MNC, public limited company, or private limited company

Minimum Monthly Income

  • Kotak Bank Salary Account holders: ₹ 10,000 minimum net monthly income

Loan Processing Charges

  • As per loan amount starting at Rs.150/- onwards only

Minimum Work Experience

  • At least one year of work experience is required.

Features

  • Loans from Rs.3,000/- upto Rs. 1.5 lac
  • Attractive interest rates
  • Instant online Disbursal to your Kotak Bank account
  • No Documentation for availing the loan. No need to give any postdates cheques
  • Bounce charges - INR 750/- plus GST per instance
  • Penal charges on Overdue EMI - 8% per annum on overdue amount plus GST from the date of amount falling due
  • Stamping Charges - Applicable as per the respective State's Stamp Act

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PayDay Loan EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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