Private Payroll Loan | Loan Management | Knowledge Base
Loan Management
What happens to my loan if I change jobs, or if my income is reduced?
In this case, the customer will have to inform and update his record with us.
Does your company offer automatic loan payments?
Yes, we offer automatic loan payments only if the customer accepts a direct debit on the salary account.
Can I get a loan top-up while I'm still repaying my existing loan?
Yes, you can. If repayments terms and conditions allow for it.
What happens to my loan in case of death or disability?
Unfortunately, nothing can happen in that case. All we must do is recuperate what we can from the relatives of affected persons.
What happens if I miss a loan payment?
Missing your loan repayment dates affects your credit score.
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Can I get a loan top-up while I'm still repaying my existing loan?
Yes, you can. If repayments terms and conditions allow for it.
How long does it take to get approved for a loan?
It takes up to 24 hours after documentation.
Can I submit my loan application electronically, or do I need to visit a physical branch?
No, you do not need to visit any of our branches to get a loan. You can either visit our centers or place a call to our customer care line.
Do I need a guarantor to apply for a loan?
No, Zedvance Salary loans does not require collateral
Does your company offer SMS or email notifications for upcoming loan repayments?
Yes, we do. We send periodic SMS or emails to individuals when they're close to their repayment date.