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Interest Rates & Charges

Transparent pricing: 1% per day interest + 10% platform fee + 18% GST

1% Per Day Interest
No Hidden Charges
RBI Registered

Available Loan Products

Salary Advance

personal

Get advance on your salary instantly

Interest Rate
1% - 1%
per annum
Loan Amount
10K - ₹2L
Tenure
7 - 30 months
Platform Fee
Platform Fee 10% + GST 18%
Ideal For
Salaried employees w...
Key Features:
  • Instant approval for salaried
  • Same-day disbursal
  • Repay on next due date

Factors Affecting Your Interest Rate

Credit Score

High Impact

Higher credit scores (750+) qualify for lower interest rates. Good payment history is crucial.

Income Level

Medium Impact

Higher monthly income demonstrates better repayment capacity, leading to favorable rates.

Employment Type

Medium Impact

Salaried employees from reputed companies often get better rates than self-employed individuals.

Loan Amount

Low Impact

Larger loan amounts may attract slightly better rates due to economies of scale.

Loan Tenure

Medium Impact

Shorter tenures typically have lower rates. Longer tenures mean higher total interest.

Existing Relationship

Low Impact

Existing customers with good track record may receive preferential interest rates.

Important Information

  • All interest rates are subject to change based on RBI guidelines and internal policies
  • Final rate will be determined after complete profile evaluation by our AI system
  • No hidden charges - all fees clearly disclosed before loan approval
  • GST @ 18% applicable on Platform fees and other charges

Ready to Get the Best Rate?

Check your eligibility and discover your personalized interest rate

⚠️ IMPORTANT: Only make loan repayments through our official website Quikkred.com or Quikkred mobile app. Never share OTP or passwords.

Interest Rates & Charges