SalaryOnTime is an instant personal loan app operated by Kasar Credit and Capital Pvt Ltd, an RBI-registered NBFC. Unlike Paisa247, SalaryOnTime is a direct lender — it issues loans from its own NBFC. It offers ₹8,000 to ₹1,00,000 for salaried individuals, with approval in 10 minutes and direct disbursement to your bank account. Interest: 0.25%–1% per day. APR up to 35% (max 42.576%). Tenure: 90–365 days. Processing fee: 5%. No preclosure charges. Age 21–54. Minimum monthly salary: ₹30,000. PAN + Aadhaar + bank statement + salary slip required.

Choose Paisa247 if: you need more than ₹1 Lakh (up to ₹15 Lakh), want to compare rates from 15+ NBFCs, are self-employed (ITR accepted), need a longer tenure (up to 5 years), or want the lowest possible interest rate (from 11.99% p.a.). Choose SalaryOnTime if: you are a salaried employee needing fast emergency cash (₹8,000–1,00,000 in 10 minutes), your salary is at least ₹30,000/month, you need funds urgently at any time of day or night, or you do not want a CIBIL check to be the primary criterion.

Warning signs of a fraudulent loan app:

• Any upfront payment before loan disbursement — RBI strictly prohibits this
• Access requests for contacts, gallery or call logs — RBI guidelines restrict this
• No RBI-registered NBFC or bank named as the lending partner
• No Key Fact Statement (KFS) shown before signing
• Abusive, threatening recovery practices
• Guaranteed approval without any document check

• Step 1: Download the Paisa247 app (Android or iOS) or visit paisa247.in. Free to download and use.
• Step 2: Fill in your basic details: name, income, employment type, desired loan amount and PAN.
• Step 3: Get matched instantly with offers from 15+ RBI-registered NBFCs. Compare rates, EMIs and tenures side by side.
• Step 4: Choose the best offer and proceed to the NBFC’s application. Complete video KYC with PAN and Aadhaar. Upload salary slips or bank statements.
• Step 5: Review the Key Fact Statement (KFS) — mandatory under RBI rules. Check the exact APR and total repayment amount.
• Step 6: Sign electronically. Funds disbursed directly to your bank account — typically within a few hours to 2 days.

• Step 1: Download the SalaryOnTime app from Google Play or Apple App Store. Free.
• Step 2: Sign up with your phone number. Verify with OTP. Enter basic details: employment type, company name, monthly salary and city.
• Step 3: The app instantly shows whether you are eligible. Upload PAN card, Aadhaar and bank statement (PDF).
• Step 4: Select the loan amount (₹8,000–1,00,000) and repayment tenure (90–365 days).
• Step 5: Review the KFS: APR, EMI and total repayment are shown before you accept.
• Step 6: Accept the offer. Processing fee of 5% is deducted. Funds arrive in your bank account within 10 minutes.

• Comparing only the interest rate instead of the APR — the APR includes processing fees and is the true cost of borrowing.
• Not reading the Key Fact Statement (KFS) before signing — it is mandatory and contains the full cost breakdown.
• Paying any fee before receiving your loan — this is prohibited by RBI and is a fraud signal.
• Borrowing more than 30% of your monthly net income — over-indebtedness is the leading cause of repayment issues.
• Using an unverified app without checking the NBFC registration at rbi.org.in first.

• Age: 21–60 years
• Residency: Indian resident
• Income: minimum monthly income ₹15,000 (salaried or self-employed)
• CIBIL score: 650+ (subject to individual NBFC partner)
• Loan amount: ₹5,000 to ₹15 Lakh (up to ₹50 Lakh through select partners)
• Interest rate: from 11.99% p.a. (max APR 36%)
• Tenure: 64 days to 540 days (standard 6 months to 5 years)
• Processing fee: typically 2% + 18% GST (varies by NBFC partner)

• Age: 21–54 years
• Residency: Indian citizen
• Employment: salaried only (minimum monthly salary ₹30,000)
• Documents: PAN card, Aadhaar, bank statement, salary slip
• Loan amount: ₹8,000 to ₹1,00,000
• Interest rate: 0.25%–1% per day
• APR: up to 35% (max APR 42.576%)
• Tenure: 90–365 days
• Processing fee: 5% of loan amount
• Preclosure charges: none · Partial payment charges: none

CIBIL score (Credit Information Bureau India Limited) is a 3-digit score from 300 to 900 that reflects your repayment history across all loans and credit cards. Paisa247 requires a minimum CIBIL score of 650+ through its NBFC partners. A higher CIBIL score means better rates and higher approval chances. SalaryOnTime is employment-based and does not require a specific CIBIL score — approval is based on salary and employment verification. Browsing loans-app.com/in/ does not trigger any CIBIL inquiry.

The Key Fact Statement (KFS) is a one-page document mandated by the Reserve Bank of India under its Digital Lending Guidelines. Every lender must show it to you before you sign the loan agreement. It must include:

• Exact interest rate (per month and per annum)
• Processing fee and all other charges
• Annual Percentage Rate (APR)
• Total repayment amount
• Repayment schedule (EMI dates and amounts)

Paisa247 (comparison platform, up to ₹15 Lakh, from 11.99% p.a., 15+ RBI NBFCs, CIBIL 650+, salaried or self-employed) and SalaryOnTime (RBI-registered NBFC, ₹8,000–1,00,000, 10-minute approval, salaried only, min salary ₹30,000/month). Both are 100% digital, no collateral, Aadhaar + PAN only.

No. Browsing and comparing on loans-app.com/in/ does not trigger any CIBIL inquiry. A formal credit check only occurs when you formally apply through Paisa247 or SalaryOnTime. Compare safely — your credit score is unaffected.

SalaryOnTime: approved within 10 minutes, money in your bank account immediately. Paisa247: varies by NBFC partner — typically within a few hours to 2 business days after completing video KYC and document upload. Under RBI rules, funds must go directly to your registered bank account.

Paisa247 is a comparison marketplace — not a lender. It shows you offers from 15+ RBI NBFCs so you can choose. Up to ₹15 Lakh, from 11.99% p.a., tenures up to 5 years. SalaryOnTime is an RBI-registered NBFC that directly lends money. Up to ₹1 Lakh, APR up to 35%, approval in 10 minutes, for salaried workers only.

APR (Annual Percentage Rate) includes the interest rate plus all fees (processing fee, GST on processing fee, and any other charges). It is the true annual cost of borrowing. Two loans with the same interest rate can have very different APRs if processing fees differ. Always compare APR, not just interest rate. The KFS (Key Fact Statement) must show you the APR before you sign.

Yes — through Paisa247. Its network of 15+ NBFCs includes lenders that accept self-employed applicants with ITR and bank statements instead of salary slips. SalaryOnTime is for salaried employees only — it requires a minimum monthly salary of ₹30,000 and employment proof.

Paisa247: PAN card, Aadhaar, last 3 months bank statements or salary slips, video KYC selfie. CIBIL 650+. SalaryOnTime: PAN card, Aadhaar, bank statement (PDF), salary slip or employment proof. OTP verification. Both are 100% paperless — no branch visit or physical documents needed.

Paisa247 is a comparison marketplace that exclusively partners with RBI-registered NBFCs. Paisa247 is not itself a lender but all its NBFC partners are RBI-regulated. SalaryOnTime is operated by Kasar Credit and Capital Pvt Ltd, an RBI-registered NBFC that directly issues loans. Verify NBFC registrations at rbi.org.in.

SalaryOnTime: no preclosure charges and no partial payment charges — you can repay early for free, which reduces total interest. Paisa247 NBFC partners: terms vary by lender. Many allow early repayment with a foreclosure fee of 1–4% of the outstanding amount. The KFS will specify the exact foreclosure terms before you sign.

Paisa247: up to ₹15 Lakh through standard NBFC partners (up to ₹50 Lakh through select partners). Rates from 11.99% p.a., tenures up to 5 years. SalaryOnTime: up to ₹1,00,000. For amounts above ₹1 Lakh, Paisa247’s network gives significantly more options.

Key fraud signals: any charge before disbursement (RBI strictly prohibits this), access to contacts or gallery without justification, no RBI-registered NBFC named, no KFS shown, threatening or abusive recovery. Verify at rbi.org.in. Report to RBI Ombudsman: rbi.org.in/Scripts/Complaints.aspx. Both Paisa247 and SalaryOnTime are compliant platforms.

Yes. Both Paisa247 and SalaryOnTime are 100% digital and available across all 28 states and 8 Union Territories of India — Maharashtra, Karnataka, Delhi, Tamil Nadu, Gujarat, Rajasthan, West Bengal, Uttar Pradesh, and all others. All you need is a smartphone, internet connection, PAN and an Aadhaar-linked bank account.