Terms & conditions

Clear terms for transparent borrowing journeys.

These terms explain Payday's role as an LSP, how loans are issued by partner lenders, and what users can expect at each step.

1. Payday's role

Payday is a Lending Service Provider. Loans are provided by regulated partner lenders. Payday assists with onboarding, communication, and servicing workflows.

2. Consent and eligibility

User consent is required for processing and data sharing.
Eligibility is determined by partner lenders as per approved policy.
Consent revocation may be subject to active repayment obligations.

3. Fees and repayment

Fees, charges, and repayment amount are disclosed before confirmation.
Repayments follow approved schedules from the lender partner.
Delayed repayment may attract lender-defined charges.

4. Complaints and escalation

For support or complaints, please use our Grievance Redressal channels. For data practices, see Privacy Policy.