Salary Now Quick Advance Loan is an attractive emergency loan offer designed for salaried workers in ET. It caters to urgent needs such as medical expenses, repairs, or unexpected emergencies by providing fast and easy access to cash. The platform collaborates with RBI-registered NBFCs to process your application efficiently and securely.

Interest rates on Salary Now loans range from 36.5% to 182.5% per annum, and the loan term stretches between two months and one year. Borrowers can apply for amounts from ETB 3,000 up to ETB 10,000,000. The minimum monthly salary required is ETB 21,000, and the applicant must be over 18. Processing fees range from ETB 300 to 10,000, depending on the loan size, exclusive of additional charges such as GST.

How to Apply: Step by Step

1. Install the Salary Now app on your mobile.
2. Register using your mobile number.
3. Submit your salary bank statement and required documents digitally.
4. Once approved, sign the digital loan agreement.
5. Receive approved funds directly into your bank account.

Advantages of Salary Now Quick Advance Loan

One major benefit is the speed of approval. Most applicants receive a decision within hours, greatly reducing stress during emergencies.

Another strength is transparent processing. There are no hidden charges, and all fees or interest rates are clearly stated before final acceptance.

Potential Drawbacks

The highest annual interest rates may deter some users, particularly if repayment is delayed or stretched.

Processing fees are deducted upfront, potentially reducing the total amount deposited into your account.

Our Verdict

Salary Now Quick Advance Loan is best for salaried professionals needing urgent cash without long waits or complicated paperwork. Although rates can be high, the loan’s speed and transparency make it worth considering for genuine emergencies. Always review the overall repayable amount before signing, but this offer stands out for reliability and user-friendly terms.