Salary advance loans is a short-term loan that is extended to salaried professionals. ... This amount, in the traditional sense of the term, is deducted by the employer from the employee's salary itself.


This is a special cash advance facility based on salary. It is available to all members who channel their pay via FOSA

Product Features

Product Features

  • Interest rate at 10% upfront.
  • The monthly repayment is deducted from the salary payouts.
  • The member signs irrevocable instructions to have their salary pass through FOSA
  • The member can apply for the loan online

What is the Repayment Plan?

This Loan is recoverable within one month

How long do I have to wait after applying for one?

  • No waiting period
  • This is acquired immediately.