About Salary Advance

What is Salary Advance?
Fido Salary Advance is a simple way for salaried employees to access funds before payday right from Fido. It is designed to help you manage cash shortages, handle unexpected expenses, and reduce financial stress without going through your employer. Fido Salary Advance provides a simpler, private...
What are the requirements for applying for Salary Advance?
To qualify for Fido Salary Advance, you need to meet a few key requirements that help us confirm your employment status and determine your available limit. Here’s what you need: Be a salaried employee Salary Advance is designed for people who receive a regular monthly salary from an employer....
How do I apply for Salary Advance with Fido?
Applying for Salary Advance with Fido is quick, fully digital, and takes just a few minutes. You don’t need paperwork or employer approval; everything is done through your phone. Here’s how to apply: Download the latest version of the Fido App. Register on the Fido App.  Complete the KYC pr...
What is the maximum amount I can access from Fido with Salary Advance?
Your Salary Advance limit depends on your salary, employment status, and the offer model available to you. As a new Salary Advance customer, you can unlock limits based on your monthly salary and your limit increases over time when you repay on time. Under the two Salary Advance models, here’s ...
What are the fees and interest rates charged on Salary Advance credit?
At Fido, we believe in full transparency when it comes to fees and interest rates. Before applying for credit, you can review all applicable charges in the Fido App, helping you make an informed financial decision. How Interest Rates Work Fido's interest rate is determined based on the num...
What is the repayment tenure for Salary Advance credit?
Fido salary advance offers flexible credit payment options. Here’s how it works Initial Repayment Tenure First-time customers can repay their credit in 10 to 33 days. This short-term option is designed to help you establish a strong repayment history. Extended Repayment Options As you estab...