Most salaried people work hard throughout the year and get their salaries in the middle of every month. While they are all eager to pay off their debts, they might face a situation when they have a genuine requirement to spend some amount right at that moment. Perhaps, you need to repair your car for an urgent family vacation or you have an urgent medical expense for your specific health condition. Such expenses often do not leave any chance for you to take advantage of your next salary. This is where an advance salary loan steps in and saves the situation.
With instant loan approval and disbursal, a low-interest rate, and no hidden charges, it is a dependable alternative to your monthly salary in case of emergency.
How to apply for an Advance Salary Loan?
Apply here: Loan Application Form
Now that you understand the advantages of advance salary loans, you may be asking how to apply for a loan.
Well, look no further. Customers may apply for an advance salary loan in the following ways:
- Go to Roopya’s official website and read through its eligibility criteria.
- Input your name, gender, age, address, income, and other personal details to apply for an instant personal loan.
- Fill out the online application form with your basic details and submit the relevant documentation.
- After properly completing the application, you may receive instant cash approval.
- The loan amount will be sent straight to your bank account within one hour after approval.
Unlike other personal loan platforms, Roopya provides an immediate and hassle-free instant personal loan borrowing experience for customers.
Roopya is well-known for its quick credit services. Salary loan applications are approved in as less as 10 minutes if you are eligible and pre-approved for a personal loan. In case you are not pre-approved, the maximum time it takes to authenticate a customer is one hour.
Also visit: Compare interest rates
What is an Advance Salary Loan?
A salary advance loan is a short-term collateral-free personal loan provided to meet your expenses for unforeseen situations. It may include expenses such as education fee requirements for children, home renovation expenses, and medical emergencies. Since these types of personal loans are taken for a shorter duration and repaid in installments in a broad loan tenure, the borrower can easily manage to repay the credit in a timely manner.
It becomes extremely difficult to ask for help from your friends or family when you are in urgent need of cash. You neither want to embarrass yourself by asking for that instant loan from anyone nor want to shorten your relationship with your family or friends. That said; it doesn’t mean there is no way out. There is an awesome way out of this problem and that is the salary loans provided by Roopya!
The best part about salary advance loans or short-term loans is that there are no cumbersome norms for availing them and the interest rate charged on a personal loan is much lower than that of any other short-term loan product. And it is easier for you to repay these salary advance loans because they provide a flexible repayment tenure.
How may Advance Salary Loans be used?
Are you still waiting for your salary to be credited? Are you in a haste because of the approaching vacation? Do you want to get the best handbag that you have always dreamt of or fancy gadgets that everybody around you has?
Advance Salary Loans are a helping hand in every financial emergency. With these instant personal loans, you can easily pay up your pending electricity bills and water bills set your credit card footings and settle your medical bills that are becoming unbearable. These instant personal loans are meant for meeting some urgent cash demands when your paycheck has not gone through.
The loan amount is sent directly into your bank account, allowing you to utilize it any way you see fit. Here are some of the most typical ways to put the personal loan amount to use.
Some people fail to recognize that medical emergencies might occur at any time. Such crises can occur at any time. Do you think that your insurance can cover all your medical needs? Think again. You also have to prepare for the unexpected illness or injury of your family members. Emergency expenses are very costly. So, how do you handle this situation? Of course, you should prepare your emergency fund. But if you didn’t, it doesn’t mean that you should panic. You can avail of a Roopya salary advance loan online and solve your problem immediately.
House Rent Payments
You’re short on rent yet again. Your palms are sweating and your heartbeat has accelerated, imagining the misery and embarrassment you get when your landlord asks for an advance payment. They can refuse to take rent over time, try to throw you out in the cold, or make you pay for damages that aren’t yours — but don’t worry! There are ways of dealing with them that won’t get you evicted. Take up an advance salary loan from Roopya at a low-interest rate and pay it back on time!
Clear Credit Card Dues
With so many people relying on salaries to pay their bills, it isn’t uncommon for salary dates to be missed from time to time. While this doesn’t mean you shouldn’t get paid, it does mean you can end up falling behind on your debt payments. If you want to avoid this debt trap, one of the best ways is to utilize Roopya services such as advance salary personal loans. This way, you can delay your financial obligations without losing points on your credit score.
Wedding occasions are exciting, be it a friend, someone in your family or your own. But, planning the budget and cutting it to size can make the whole process quite stressful. There are many expenses you need to take care of for your wedding, ranging from the venue to the transportation mode, from outfits and dresses for various family members to catering and decor. You want all these things to be just perfect for the wedding day. Unfortunately, this might cost you a lot of money. Don’t worry, advance salary loans from Roopya can help you fulfil all of the wedding expenses in an efficient way!
Paying your Bike’s Down Payment
Riding your dream bike has always been your passion. Since you were young, riding has been an essential part of your life. It’s a thing that gives joy and fulfillment to you. And now that you have finally saved up enough money it’s time for some action. But there are obstacles in the way. Namely, a big chunk of money called a “down payment”. Even if you put all of your savings, it might not be enough. That’s where our salary advance loan comes in clutch!
Spring is finally here after a long winter! And with it comes the desire to do all those home improvement projects you’ve been planning. You might be planning to remold the walls, change some tile patterns, new paint, patio additions, or anything that comes under the roof of a home renovation. Whatever the changes you have in mind, don’t let your cash flow hold you back. With a Roopya advance salary loan, you can renovate your house and get it done on your schedule – not your employer’s.
Take a Vacation
The air is not just fresh, it’s crisp. Not only the air, but everything else is clean and pure. You can hear the birds chirp, you can see a rainbow after the rain, you can feel your soul rest in peace. This is exactly what vacation does to you! However, like everything else in life, vacations have their own downfalls as well. One of them is that you have to shell out hefty amounts of money earlier than you usually have to. Now, if your bank balance is running low on savings or your employer has yet to clear your salary, then all you need to do is take up a salary advance from Roopya. The loan amount will take care of your pre-vacation as well as other expenses during the trip.
Eligibility Criteria for a Salary Advance Loan:
Here are the fundamental eligibility criteria for you to receive an instant personal loan.
- You must either be a salaried employee or own a business.
- The minimum age limit is 21 years old, while the maximum age limit is 58 years old.
- There must be no defaults in the previous 24 months.
- An excellent credit score.
- The applicant needs to be a legal Indian citizen.
- The minimum income should be 15,000 INR per month.
Roopya’s minimal documentation processes are among its most popular characteristics. The only documents required to apply for Roopya instant loans include:
- Aadhar Card
- PAN Card
- Voter Identity Card
- Driving license
- Recent Electricity Bill
- Recent Telephone Bill
- Ration Card
- Last month’s Pay Slip
- Recent Bank Statements
- Form 16
Frequently Asked Questions
Q. What exactly is an advance salary loan?
Salary advance loans can be described as a type of personal loan with a low-interest rate that allows paid professionals to borrow cash to cover urgent expenses.
Q. Who is eligible for a salary advance loan?
Salaried individuals or self-employed individuals with a decent credit score and a net monthly salary of more than 15,000 INR are eligible for a salary advance loan.
Q. What paperwork is necessary to apply for an advance salary loan?
Roopya believes in minimal documentation procedures. The site just needs some basic documents as proof of your identity, address, and income to approve personal loans online.
Q. What are the possible applications for the Salary Advance Loan amount?
Roopya does not have a policy that regulates how the salary advance loan amount is spent. It is entirely up to you and how you choose to spend the cash.
Q. Is it feasible to repay Salary Advance Loans early?
Yes, you may clear off your instant salary advance loan before the loan tenure expires. Some lenders impose nominal pre-payment charges, but the charges vary from one to another.