Advance Salary Loan
Quick, digital & hassle-free
Purpose: Your data is collected exclusively to check your loan eligibility and securely connect you with your chosen lending partner. We process this information strictly in accordance with RBI guidelines to facilitate your application. We do not sell your data, and it is used exclusively to facilitate your loan application.
10K
CustomersActive users
70+
BanksPartner banks
170
BranchesNationwide
Advance Salary Loan is a smart and progressive step if you have upcoming unannounced expenses. Instead of being broke, opt for the personal loan for salaried employees at just 9.99%* p.a. from My Mudra today. Make money a step that can lead you towards a progressive life rather than making it a hurdle.
My Mudra has designed a quick and hassle-free Advance Salary Loan Online application process. You can follow the below-listed steps to apply:
The interest rates are nominal to avoid repayment burden, starting from 9.99% p.a.
Advance salary loans are perfect for various immediate financial needs including:
An Equated Monthly Instalment (EMI) calculator is a digital metre which shows the calculation of your monthly EMIs, a simple online tool that makes EMI calculation very easy and fast.
To get the results from the Advance Salary Loan Online EMI calculator, you just have to provide three basic information related to the loan that has to be availed: loan amount, repayment tenure (in years), and rate of interest. After providing the details press Enter button and you will know your EMI calculation instantly.
This EMI calculation process will help you plan your budget so that before the due date you can pay your EMIs on time.
Different banks provide advance salary loans at varied rates of interest. Here are a few of the top banks that provide advance salary loans:
Note: Interest rates may vary between lenders and across states. Check with My Mudra to compare the best rates without affecting your credit score.
| Bank | Interest Rates | Loan Duration | Loan Amount | Processing Fee |
|---|
See how My Mudra has helped salaried professionals manage financial needs before payday.
Directly assisting you in all major cities with instant advance salary loan tailored for your growth.
Join 50,000+ happy customers served across India
Purpose: Your data is collected exclusively to check your loan eligibility and securely connect you with your chosen lending partner. We process this information strictly in accordance with RBI guidelines to facilitate your application. We do not sell your data, and it is used exclusively to facilitate your loan application.
Apply for the Advance Salary Loan Online online on the My Mudra portal.
Our executive shall call you for the documentation and shall guide you through the process of the loan.
Get the documentation done online and track the status of your loan on the My Mudra portal.
The approval and disbursement status of your loan can be checked online.
Enjoy quick disbursal of the loan from My Mudra.
Only PAN, Aadhar, and Bank Statements are required for approval.
The loan is disbursed into the bank account within 24 hours of approval.
No need to pledge any asset as collateral to avail Advance Salary Loan Online.
State Bank of India | 10.05 % - 15.05% pa | Up to 7 Years | Up to ₹50 lakhs | Up to 1.50% |
HDFC Bank | 9.99% - 24.00% pa | Up to 7 Years |
"I needed funds urgently for a medical emergency before my salary. My Mudra's advance salary loan was approved within hours and saved me from financial stress. Highly recommended!"
Amount
Advance Salary Loan
Purpose
Medical Emergency
CIBIL Score
The applicant should have a CIBIL or credit score of 750 or higher.
Monthly Salary
The monthly salary of the applicant must start from Rs 22,000, depending on the city of residence.
Employment Stability
Minimum employment duration as specified by the lender (typically 6-12 months).
Bank Account
Active bank account with salary credits for at least 3-6 months.
Documents required for Advance Salary Loan Online
| Up to ₹50 lakhs |
| ₹6,500 + GST |
ICICI Bank | 9.99% - 16.50% pa | Up to 6 Years | Up to ₹50 lakhs | Up to 2% |
Kotak Mahindra Bank | 10.99% - 30.00% pa | Up to 6 Years | Up to ₹35 lakhs | Up to 5% |
Axis Bank | 9.99% - 22.00% pa | Up to 7 years | Up to ₹40 lakhs | Up to 2% |
"The quick disbursal and minimal documentation made the entire process hassle-free. I got the funds I needed for home repairs without waiting for month-end."
Amount
Advance Salary Loan
Purpose
Home Repairs
"As a salaried professional, I appreciate how the advance salary loan aligns with my pay cycle. The EMI options were flexible and easy to manage."
Amount
Advance Salary Loan
Purpose
Family Emergency
"The online process was so convenient. I applied in the evening and had the funds in my account the next morning. Perfect for unexpected expenses!"
Amount
Advance Salary Loan
Purpose
Unexpected Expenses