Apply for Advance Salary Loan Online

No need to wait until month-end with My Mudra's instant salary loan. Avail a salary advance loan online at reasonable interest rates, 100% online procedure, and amount credited within hours—anywhere in India.

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Advance Salary Loan Online

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Features & Benefits of Advance Salary Loan Online

Attractive Interest Rates The interest rates are nominal to avoid repayment burden.

Minimal Documentation Only PAN, Aadhar, and Bank Statements are required for approval.

Quick Disbursal The loan is disbursed into the bank account within 24 hours of approval.

No Collateral No need to pledge any asset as collateral to avail Advance Salary Loan Online.

How Advance Salary Loan Works in India?

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.

Eligibility Criteria for Advance Salary Loan Online

Eligibility Criteria for Advance Salary Loan Online are mentioned below:

Age: The age of the applicant should be between 23 years-65 years.

Employment: The applicant should be a salaried employee or a self-employed individual.

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.

Documents required for a Advance Salary Loan Online

Lenders require the following documents from their Advance Salary Loan Online applicants as a proof to establish their identity, place of residence, income and repayment capacity.

ID Proof (Aadhar card/PAN card/Passport/Voter ID)
Address Proof (Electricity bill/Telephone bill/Gas bill/Aadhar card/PAN card/Passport/Voter ID)
Bank account statement for last 3 months
Latest salary slips
Employment proofs
Latest ITR or Form 16

How To Apply For A Advance Salary Loan Online

My Mudra has designed a quick and hassle-free Advance Salary Loan Online application process. You can follow the below-listed steps to apply for a Advance Salary Loan Online in India with My Mudra:

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.

Which Banks to Prefer for Advance Salary Loan Online

Bank	Rate Of Interest
	10.65%
	10.49%
	10.95%
	10.75%

Advance Salary Loan Online EMI Calculator

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.

Break up of total payment

Loan Amount

Rate of Interest

Tenure (In Months)

Total Payable Amount:

Monthly EMI:

Frequently Asked Questions on Advance Salary Loan Online

What is an advance salary loan?

An advance salary loan is a short-term loan offered to salaried individuals based on their monthly income. It allows you to get funds in advance and repay them through easy EMIs or salary deductions.

Who is eligible for an advance salary loan?

You are eligible if you are a salaried employee with a regular monthly income, valid employment proof, and a bank account. Eligibility may vary based on employer, income, and credit profile.

How quickly can I get an advance salary loan?

Most advance salary loans are approved quickly, and funds can be disbursed within a short time after document verification, depending on lender policies.

Is an advance salary loan different from a personal loan?

Yes. An advance salary loan is specifically for salaried individuals and is usually offered at lower interest rates compared to personal loans, as it is linked to your salary income.

What is the interest rate on advance salary loans?

Advance salary loan interest rates depend on your income, employer, credit score, and lender policies. Salary-based loans generally have competitive interest rates.

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