Advance Salary Loan from ATD MONEY

Advance Salary Loan

Provided by ATD Fintech Services Pvt. Ltd. ( ATD Money)

What is Advance Salary Loan?

 Advance Salary Loan is a Short-Term Personal Loan offered to salaried individuals against their monthlysalary.

 ATD Money offers loan amount up to 3 times of your net monthly salary along with a repayment tenure of up to 15 months.

 Applicants with an average credit score can also apply for this loan. However, opting for loan against salary should be your last resort as this type of loan comes with many limitations and tough termsandconditions.

Eligibility Criteria for Advance Salary Loans

 You must have an operating savings bank account.

 You must be a resident of India.

 You must have all the documents required.

Instant Money Transfer

Benefits

 @0% interest rates

 Flexible repayment tenure from 3 months to 12 months

 Special products for paying children’s school fees and shopping

 Hassle-free application process

 Advance salary loan disbursal within few hours of application

Limitations

 Salary to be a form of Security

 Higher EMIs resulting in mismanagement of monthly budget

 May lead to Debt trap

 Sign of Over borrowing

How Can I Apply ?

 To apply advance salary loan, first downloading the ATD Money loan application in play store

 Login to the app by verifying your mobilenumber

 Apply for the loan by filling up the registrationdetailsbyverifingtheOTP

 Fill up the personal details, KYC details, employment details and bank details

 Upload your basic documents required andproceedingwithfriend’sreference

 And getting advance salary loan withinfewhours

Documents Required

 Duly filled application form with passport-sized photographs

 Applicant’s KYC documents

 Identity, Age and Address Proofs

 Income Proof: Last 6 months’ salary slips along with the bank statement

 Details of current and previous employment, Form 16 & appointment letter

 Employment Proof: Employee ID card

Comparison With Personal Loan

 Personal Loan

Loan offered by - Only few lenders

Eligibility - Salaried and Self-employed Individuals

Interest Rate - 10.25% p.a.

Loan Amount - Up to Rs. 40 lakhs

Repayment Tenure - Up to 15 months

Loan Type - Short to Long Term Loan

 Advance Salary Loan

Loan offered by - Most of the lenders

Eligibility - Only Salaried Individuals

Interest Rate - 0% per month onwards

Loan Amount - Up to 3 times of monthly salary

Repayment Tenure - Up to 60 months Up to 15 months

Loan Type - Only Short-term Loan