| Lender | Salora Capital Limited, a Non-Banking Financial Company |
|---|---|
| RBI Certificate of Registration No. | N-13.01855, dated 2 February 2007, issued by the Reserve Bank of India, Mumbai Regional Office. Not valid for accepting public deposits. |
| CIN | U72900MH1999PLC122849 |
| Website | saloracapital.com |
| Nodal Grievance Redressal Officer | Through the lender's grievance redressal page |
Salora Capital Limited assesses your application, takes the credit decision, lends the money and holds your loan on its books. It issues your Key Fact Statement, sanction letter and loan agreement, and reports your loan to the credit bureaus.
PaySalaryLoan runs the website and the app, helps you apply, verifies your documents, services your account and answers your questions, under a written agreement with Salora Capital Limited. It is not a lender, takes no credit decision, and is paid by Salora Capital Limited, not by you. PaySalaryLoan is a brand of New Age Business Solutions Private Limited (CIN U74140HR2022PTC100997, Shop No. 12, Red Square Market, Hisar, Haryana 125001), the lender's Lending Service Provider.
Listing of a digital lending application on the Reserve Bank of India's website does not amount to registration, authorisation or endorsement by the Reserve Bank of India. The registered entity is Salora Capital Limited.
The lender's policies
Its Fair Practices Code, Interest Rate Policy, Schedule of Penal Charges, Refund and Cancellation Policy, Privacy Policy and grievance redressal policy. Before any recovery agent contacts you, the lender sends you the agent's details. Report an unauthorised lender on the RBI's Sachet portal.