People searching for a “payday loan” usually want a small amount to bridge the gap until their next salary. Speedy Paisa does not offer traditional, unregulated payday products — instead we provide a regulated short-term personal loan that serves the same purpose with far more transparency and accountability.
Our loans (₹20,000–₹1,00,000) are issued under an RBI-registered NBFC framework, with all charges disclosed upfront and no hidden rollovers.
Informal payday lending is often associated with opaque fees, aggressive rollovers and debt traps. We built our product to avoid exactly those problems: a clear tenure of 3–12 months, a single stated interest rate, and a one-time processing fee you see before you accept the loan.
This page explains how our short-term loan compares to what people commonly call a payday loan, who it suits, and the responsible way to use it. We serve salaried professionals in Delhi NCR only, and we assess every application on the borrower’s ability to repay.
If your need is genuinely a few days until payday, borrow the smallest amount that solves the problem and plan to repay quickly — that is where a short-term loan works best.
Unlike informal payday lending, there are no surprise rollover charges. Your tenure and cost are fixed and disclosed upfront.
We review your salary slips and bank statements so the loan is matched to what you can realistically repay.
Loans are issued under Vintage Credit & Leasing Pvt. Ltd., an RBI-registered NBFC, with proper documentation.
Every rupee of interest and fee is stated in writing before you commit.
0.33% per day on the sanctioned amount — no compounding surprises.
A verified, documented loan protects your rights as a borrower.
Ticket sizes are capped at ₹1,00,000 to discourage over-borrowing.
Check that you are salaried, based in Delhi NCR, and earning ₹35,000+ per month.
Request only the amount you need to bridge to payday or the near term.
We evaluate your bank statements and salary to ensure the loan is affordable.
A physical verification step replaces the “no-questions-asked” model of informal lenders — by design.
Once approved, funds are credited to your account, usually within 24–48 hours.
Speedy Paisa charges interest at 0.33% per day on the sanctioned amount. For example, on a ₹50,000 loan held for 30 days, interest works out to roughly ₹4,950 (₹50,000 × 0.33% × 30). Interest accrues daily, so repaying early reduces your total cost.
A one-time processing fee of 10% plus applicable GST is deducted from the sanctioned amount at disbursal, so the net amount credited to your account will be lower than the sanctioned figure. All charges are disclosed to you in writing before you accept the loan — there are no hidden fees.
We never use rollover or “evergreening” tactics. If you are struggling to repay, contact us early so we can discuss options rather than letting costs escalate.
Important: Guarantor Requirement
Applicants living in rented accommodation must provide a guarantor during loan processing. Applicants living in their own house do not need a guarantor. This requirement is part of our RBI-compliant NBFC verification process.
A responsible, regulated alternative to informal payday lending in Delhi NCR.
All charges disclosed in writing — no hidden fees or rollovers.
Backed by an RBI-registered NBFC with a documented process.
Loan sizing based on your actual repayment capacity.
Available only for salaried employees earning ₹35,000+ in Delhi NCR. Subject to eligibility, verification, and approval.
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