Loan Illustrations & Charges

Understand how your Salary Baba loan is structured, including a representative example and a clear breakdown of rates and fees.

Rates and Charges

Loan Amount₹5,000 - ₹1,00,000

Tenure61 - 365 Days

APR15% - 35%

Processing Fee~10% of loan amount + GST

Pre-closure ChargesNo Charges

Prepayment ChargesNo Charges

Min. Salary₹40,000

Illustrations

Representative Example: How Your Salary Baba Loan Works

(Example: ₹10,000 Loan)

When you take a loan of ₹10,000 from Salary Baba, here's how the charges and disbursal break down.

Processing Fee

10% of ₹10,000

₹1,000

GST on Processing Fee

18% of processing fee

₹180

Total Deduction

₹1,180

Final Amount Disbursed

₹10,000 − ₹1,180

₹8,820

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Disclaimer: Salary Baba is a brand of XYZ Financial Services Pvt. Ltd., a Non-Banking Financial Company (NBFC) registered with RBI.

Important:

Salary Baba does not charge any upfront fees for loan processing. Beware of fraudulent calls/emails asking for advance payments. Interest rates and loan terms are subject to credit profile assessment.
Please borrow responsibly.

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