About Payday Loans
Loanpao’s Payday Loans in Delhi, India, provide quick cash to cover urgent expenses until your next salary. With instant approval, no collateral, and repayment aligned with your payday, our loans offer a convenient solution for short-term financial needs.
Why Choose Our Payday Loan?
- Interest Rates starting at 1% per month
- Loan Amount from ₹5,000 to ₹50,000
- Tenure up to 30 days
- Instant disbursal within hours
- Unsecured loans with no collateral
- 100% online application process
- Minimal documentation
- No prepayment penalties
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Age | 21-55 years |
| Income | Minimum ₹10,000/month (salaried) |
| Employment Type | Salaried |
| Credit Score | 550+ preferred |
What Documents Do You Need?
- KYC: Aadhaar, PAN
- Income Proof: Latest salary slip or bank statement
- Bank Account Details: For disbursal
- Address Proof: Aadhaar or utility bill
Attractive Interest Rates & Affordable Fees
| Bank/Lender | Interest Rate | Processing Fee |
|---|---|---|
| MoneyTap | 1.0% per month | ₹500 or 2% |
| PaySense | 1.2% per month | ₹750 or 2.5% |
| CASHe | 1.5% per month | ₹500 or 2% |
| IndiaLends | 1.3% per month | ₹600 or 2% |
| KreditBee | 1.4% per month | ₹700 or 2.5% |
Extra Charges:
- Late Payment Charges: ₹500 + 2% on overdue amount
- Foreclosure Charges: Nil
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of April 2025 and subject to change.
Calculate Your Loan Cost
Enter values and click Calculate Cost to see results.
How to Apply for a Payday Loan
- Complete the online application with personal and income details.
- Upload KYC, income proof, and bank details.
- Undergo instant verification and credit check.
- Receive approval and e-sign the agreement.
- Get funds disbursed within hours.
Common Questions About Payday Loans
What is a Payday Loan?
A Payday Loan is a short-term, unsecured loan to cover urgent expenses, repaid on your next payday.
Who can apply for a Payday Loan?
Salaried individuals aged 21-55 with a minimum income of ₹10,000/month and a 550+ credit score.
What is the maximum loan amount?
Up to ₹50,000, based on income and credit profile.
How long does disbursal take?
Funds are disbursed within hours of approval.
Can I prepay the loan?
Yes, prepayment is allowed with no charges.
Is collateral required?
No, Payday Loans are unsecured and require no collateral.
What is the repayment tenure?
Up to 30 days, typically aligned with your next payday.
Are there special offers?
Yes, apply by 31st May for waived processing fees on loans above ₹20,000.
What documents are needed?
KYC, income proof, bank details, and address proof.
What happens if I default?
Late fees and credit score impact may occur; legal action is possible after due notice.