These are some of the most common questions and answers about Izz Pay.

Frequently Asked Questions

Can I prepay my loan? Will I be charged for prepaying?

Yes, you can prepay your dues at any time, with 0 pre payment charges.
Pay us how you pay on your favorite stores via:
* Net Banking
* UPI

How is my loan repayment date calculated?

To help you repay your dues on time, we set your repayment date immediately after your salary receipt date as per your bank statement.

Available repayment options?

You can activate Auto Payments to auto pay your dues on your due date with 0 clicks – just have sufficient balance in your bank account on your due date & let technology repay your dues

Why should I borrow from Izz Pay?

1. Instant Salary Advance – Get salary advance up to ₹ 2, 00,000 starting at just ₹ 9/day for Rs.10,000 you borrow. Pay only for the no. of days you use the money. We do not charge for prepayment

2. Shop – Use your Izz Pay limit to shop at Amazon, Big Bazaar, Flipkart and pay later at no cost, or in low cost 3 or 6 EMIs

3. Travel Now Pay Later – Use your Izz Pay limit to book your travel on MakeMytrip or Yatra and pay later at no cost, or in low cost 3 or 6 EMIs

How is it like working for Izz Pay? How can I apply for a job at Izz Pay?

Work is super exciting and challenging at Izz Pay. We believe in empowering our employees and giving them complete ownership and resources to charter their and Izz Pay’s growth.

How many times can I borrow?

You can take only 1 cash loan at a time: Repay your current cash loan (if any) to take your next cash loan. You can take loans from the shopping, travel and education sections of the app in the meantime.

What is a cash loan?

Cash loans are short to long-term cash advances on your salary. Unlike standard loan procedures, cash loans are approved and disbursed faster, with minimum hassle and paperwork, and with no questions asked.

How to transfer cash to my bank account?

Transferring cash to your bank a/c is very easy.
Just, click on ‘Cash’ section –> Choose your repayment tenure –> Enter the total amount you want to avail –> Check your loan details–> click on transfer
Amount requested will be transferred to your bank a/c within minutes.

How does pickup impact my ability to use products?

Failing to sign your loan agreement will stop you from using the entire benefits of Izz Pay. You won’t be eligible for:
a) Limit enhancement
b) Higher repayment tenures
c) SalaryCard
Also, in the future you may be blocked from taking loans from Izz Pay. Hence, sign your loan agreement and enjoy Izz Pay benefits to its fullest. 

What to expect when I meet a pickup executive?

Our pick-up executive will visit you at your selected date & time-slot at the address provided by you on the app.
The executive will bring a print out of your Izz Pay loan agreement. Please sign the agreement on all pages.
Also, please validate your identity by showing your original PAN Card and the KYC document you uploaded on the app. Do remember, to take them back.

Can I get loan for my two children?

Don’t worry! We’ve got it all covered.
You can take up to two Izz Pay FeES loans at a time.

What is FeES?

Izz Pay shares the same sentiment you have about your child’s education or your own skill upgradation – which is why we’re making it easier than ever to cover the cost of school fees or any educational institution fees by enabling you to pay education expenses in easy EMIs.

Where do I get my FeES loan amount?

As per our FeES loan policy, the fee amount always gets disbursed to the institute’s bank account, and not to the applicant’s bank account.
If you are looking to get the amount in your own bank account, please take a cash loan.

How to refer Izz Pay to a friend?

App Dashboard >> Menu >> Refer & Earn >> Choose Invitation Method (Whats App, SMS, Email) >> Send Referral Code

What is the benefit of Izz Pay referral program?

The Izz Pay ‘Referral Program’ lets you refer all your friends, colleagues and family.
Each referral gets you and your referee Rs.200 each.
Rs. 200 will be waived off from the repayment amount of both the referrer and referee after both parties have taken a loan.

How can I get an Izz Pay referral benefit?

Ask your friends/family/colleagues to refer you to Izz Pay. If no one is on Izz Pay, refer them and enjoy the referral benefits.
You can only enter referral once during your first time login to the Izz Pay App.
Also, check the offers section for exciting Izz Pay offers.

How many loans can I take from Izz Pay?

You can take only 1 cash loan at a time: Repay your current cash loan (if any) to take your next cash loan. You can take loans from the shopping, travel and education sections of the app in the meantime.
– The minimum gap between 2 cash loans is 3 days: Do plan for this time gap accordingly

When can I take the next loan? Do I have to complete my loan application again?

You can take future loans in 30 seconds from Izz Pay, without any documentation. Just
– choose the amount you need
– enter an OTP
– disburse money to your bank account (Cash deposit time depends on your bank, and might take upto 20 minutes)
Please note:
– You can take only 1 cash loan at a time: Repay your current cash loan (if any) to take your next cash loan. You can take loans from the shopping, travel and education sections of the app in the meantime.