Fees and charges
Transparent fees, disclosed before every transaction.
Payday displays fee components and repayment obligations upfront. No hidden deductions.
| Fee component | Rate | How it applies |
|---|---|---|
| Processing fee | 2% of principal | Deducted at disbursal and shown in advance. |
| Interest | 3% per month | Applied as per approved tenor from lender partner. |
Illustrative example
- Principal approved: ₹5,000
- Processing fee (2%): ₹100
- Amount disbursed: ₹4,900
- Interest for one month (3%): ₹150
- Total repayment: ₹5,150
Disclosure: Payday is an LSP. Final terms are issued by partner lenders in the Key Fact Statement. Please review Terms, LSP Disclosure, and Grievance Redressal.