Both products let you borrow instantly. Both are digital. Both are flexible. But they solve different problems — and picking the wrong one can cost you real money.
Salary Advance
- Tenure: 7–30 days (one pay cycle)
- Amount: Up to 2× your last net salary credit, capped at ₹2,00,000
- Repayment: Lump sum on your next salary date
- Best for: Month-end gap, one-off expense before payday
Personal / Payday Loan
- Tenure: 7–90 days (flexible)
- Amount: ₹10,000–₹5,00,000
- Repayment: Flexible — you can prepay without penalty
- Best for: Any use, any amount, larger emergencies
Which should you pick?
If you need a small amount and you know exactly when your next salary lands, Salary Advance is cleaner. If you need a larger amount or more time, Personal Loan gives you the flexibility.
Either way, the fees are the same: 1% per day interest + 10% platform fee + 18% GST on fee. The difference is in the structure, not the price.