Advance against Salary

Advance against Salary

The perfect credit facility provided by Finja for your business allows you to take the burden of employee advances off your books!. An exclusive real time digital credit facility for individuals whose employers are using our Finja Business portal. Did you know that as a member of Finja Business you are pre approved for instant credit of upto 40% of your pay stub? Click here to apply now!

Not for you? Click here for other options that you may choose from.

Who is this for?

This real time digital credit is exclusively for employed individuals whose payroll is processed through the Finja Business portal. This is an instant digital credit that automatically gets added to your wallet balance. This allows you to shop those sales and pay those bills before your next pay stub. Making it easier for you to keep up with commitments and plan ahead of time.

How does it work?

The process is completely digital and requires no paperwork at all. We’ve made it simple and easy. Follow the simple steps below to avail your instant credit now!

Steps:

1. Go to your Finja App and select the ‘loans’ icon
2. Select “Advance Against Salary” from your customized list of pre-approved loans
3. Enter the amount you wish to credit into your account.
4. Your total amount that will be credited net of the service fee amount will be shown. Read and confirm the terms and conditions and avail away!

FAQ

How can I apply?

If your employer uses our Finja Business portal then this facility will be automatically added to your Finja App after two months of your payroll processing. However, if that is not the case then we have other option for you to choose from.

How do I repay?

You have 30 whole days to repay the amount. Select ‘loans’ in your Finja Wallet and click ‘repay’. Enter the amount you are ready to repay and confirm. This will automatically be reflected in your balance. We send you reminders so you don’t miss any payments. This process is digital and hassle free.

What if I cannot repay?

You have 30 days to repay your loan. We’ve made sure that the amount is upto 40% of your pay stub to make repayment easy for you. However, in the unlikely event that you are not able to repay, you can call us in with your concerns and we can find a way out for you.

How is my loan amount determined?

AAS is an exclusive credit product that is pre approved on an individual by individual basis. Our real time algorithms are driven by AI and machine learning that determine the loan amount using your credentials and the credibility of your employer.

What is the service fee?

There is a service fee ranging from 2%-7% taken upfront before the loan is disbursed. The fee depends on the your past repayment history, the credibility of your employer and other variants that our algorithm uses.

I have other questions.

We are here and happy to help with any questions or concerns. There are a number of ways you can reach us.