Borrowing tools and guides

Rates

Interest Rates & Charges

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

What a day actually costs

On ₹10,000 borrowed, at 1% per day

₹100

interest after 1 day

Borrowed
₹10,000
Interest so far
+ ₹100
You would repay
₹10,100

1% a day is 365% a year.

Short-tenure credit is expensive measured by the year, and this is built for days rather than months. Repay on day 3 of a 15-day loan and you pay 3 days of interest, not 15 — there is no prepayment penalty.

How 1% per day accumulates over a 30-day tenure

Available Loan Products

Salary Advance

personal

Get advance on your salary instantly

Interest Rate
1% per day
365% per annum, on the principal
Loan Amount
₹2,500 - ₹50,000
Tenure
15 - 30 days
Platform Fee
Platform Fee 10% + GST 18%
Ideal For
Salaried employees w...
Key Features:
  • Instant approval for salaried
  • Same-day disbursal
  • One repayment, on your salary 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.