LSP disclosure
What Payday does, and what regulated lenders do.
Payday is a Lending Service Provider. Lender partners make credit decisions and issue loans.
Key disclosures
- Payday does not issue loans or accept deposits.
- Loans are issued by RBI-regulated partner lenders.
- All loan terms and fees are shown before loan acceptance.
- Payday may receive service fees from lender partners for facilitation.