TwinSalary

TwinSalary is an online fintech platform dedicated to enhancing the financial well-being of employees. With over 8 years of experience, TwinSalary has been instrumental in helping employers financially empower their employees, thereby improving the overall financial health of these companies.

Currently, 1 in every 3 employees faces financial struggles and resorts to expensive borrowing options, which exacerbates their financial challenges. TwinSalary aims to alleviate these financial burdens for employees of partnered companies.

The product features include:

1. Access to financial planning tools such as planners and EMI calculators.
2. Financial inclusion through easy, affordable financing options, including Earned Pay Access via Salary Advances and Short-Term Personal Loans.
3. Collaboration with RBI-registered NBFCs to offer these financial products seamlessly.


TwinSalary Offers:

Salary Advance:- TwinSalary provide an option for an employee to avail amount of up to 1 months salary and pay back in 3 easy EMIs.

Custom Pay Loan:- TwinSalary provide an option for employees to avail amount of up to 1 Lac with flexible tenure of up to 12 months.

Personal Loan:- TwinSalary provide an option for an employee to avail amount of up to INR 5 Lacs with flexible tenure from 12 to 24 months.

The loan amount starts from INR. 10,000/- to INR. 2,00,000/- the repayment period starts from 3 to 24 months. Interest rates range from 11% to 30% yearly depending on the product availed.

Example 1: If an employee takes a Salary Advance Loan of INR 25,000 for 3 months and the interest rate is 22% yearly the EMI would be INR. 8,641 per month and the total interest payable would be INR. 922/- along with a processing fee of INR. 1,000 employees would end up paying INR. 26,922. This would transact to a maximum APR of 26.0%

Example 2: If an employee takes a Custom Pay Loan of INR. 50,000 for 12 months and the interest rate is 22% yearly the EMI would be INR. 4,680 per month and the total interest payable would be INR. 6,160 along with a processing fee of INR. 1,000 employees would end up paying INR. 57,160. This would transact to a maximum APR of 24.0%

Example 3: If an employee takes a Personal Loan of INR 2,00,000 for 24 months and the interest rate is 22% yearly the EMI would be INR. 10,376 per month
and the total interest payable would be INR. 49,015 along with a processing fee of INR. 4,000 employees would end up paying INR. 2,53,015. This would transact to a maximum APR of 24.0%


Key Benefits:

Need-based Financial support
Re-filler & Exciting Recommended offers.
Debt Consolidation, Rent & Bill Payments.
Restructure & instant foreclosures of Advances.
No prepayment charges, No Extensive paperwork


Eligibility Criteria:
Salaried Individuals
A confirmed/permanent employee of the partnered company
Above the age of 18 years
Minimum take-home salary per month INR. 10000/-

Data Security and Privacy:
TwinSalary ensures and strictly follows government-mandated guidelines for user data security and privacy.

* Privacy Policy: https://www.twinsalary.com/privacy-policy
* Terms & Conditions: https://www.twinsalary.com/terms-conditions

Lending Partner Details:
Our RBI registered NBFCs/lending partners: F Mec International Financial Services Ltd
Official Website: https://fmecinternational.com
Official Partner Page: https://fmecinternational.com/nbfcmfihfcs-nbfcs.html

Our policies & services are fully regulated & 100% RBI compliant in all processes, duly defined by RBI.

TwinSalary Customer Support:
Email: [email protected]