Instaclaus

Instaclaus – Financial Wellness for Workforce
Instaclaus is a digital loan platform that empowers salaried employees by providing instant access to funds through their employers. With loans of up to 100% of your monthly in-hand salary, borrowing is now simple, seamless, and stress-free
Download the Instaclaus App today for a exclusive borrowing experience!

How to Apply for a Loan on Instaclaus:
➡️ Download the Instaclaus app
➡️ Log in using your employee credentials
➡️ KYC Completion:Complete the KYC process by entering your Aadhar number, PAN Card number, Bank details and Annual household income
➡️ Choose your loan amount within the eligible limit
➡️ Choose EMI options (3,6,9,12)
➡️ Wait for employer approval
➡️ Loan Agreement:Sign the loan agreement using Aadhar e-sign via email and contact number
➡️ Post approval,funds will be disbursed directly to your bank account

What Makes Instaclaus Unique?
✅ No collateral/guarantors required
✅ Interest rates are unaffected by CIBIL scores
✅ No hidden charges
✅ Paperless application process
✅ Growing credit limit
✅ Minimal documentation

Your data is our priority:
✅ Data Security: End to End encryption, Encrypted APIs transfer, AES 128 bit algorithm
✅ Compliance with RBI Master Guidelines ensures that operations are safe and secure.

Example Interest Calculation:
Let's say you borrow ₹50,000 for 365 days i.e 12 EMIs
Interest rate: 20% per annum (Reducing Balance Method)
Loan Duration: 12 EMIs
Total personal loan interest: ₹ 5416.84 (calculated using Reducing Balance method)
Monthly EMI payable: ₹4,618(Loan amount + Interest/ Number of EMIs)
Total deductibles: Processing fees + GST= 0 (Instaclaus does not levy any processing fees and other hidden charges)
In-hand amount: (Loan amount - Total deductibles)= ₹50,000 - 0= ₹50,000
Total Repayable amount: (Loan amount + Interest) = ₹50,000 + ₹ 5416.84 = ₹55,416.84
Note: The above figures are for representation purposes only. It will depend as per customer profile assessment by Instaclaus’s lending partner

Interest calculation will be calculated using Reducing Balance Method.
Minimum repayment tenure: 3 EMIs
Maximum repayment tenure: 12 EMIs
Maximum Annual Percentage Rate (APR): 20% per annum (as there are no other hidden charges)

Lending partner: Instaclaus has partnered with Oriental Finstock Services Private Limited and Satya Capital Services Pvt. Ltd , a trusted financial partner (NBFC), to ensure seamless
transactions and operational excellence.

Loan Terms:
Eligibility
You must be an employee of a company that has partnered with Instaclaus.
Loan Amount and Tenure:
The maximum loan amount you can apply for is 100% of your monthly in hand salary.
The instant credit limit is decided by the employer which the company will provide to its employees.
The loan tenure will be determined by your employer and can be 3, 6, 9, or 12 EMIs.
Interest Rate:
The interest rate on your loan will be 20% per annum, calculated using reducing balance method.
Repayment:
Your EMI will be deducted from your salary by your employer.
Your employer will remit the EMI amount to the NBFC.
Default:
In case of absconding cases, NBFC will report the case to the credit bureau which may affect negatively on the CIBIL score of the employee.
Your employer may be subject to penalties for delayed remittance.
Early Repayment:
You may choose to repay your loan early through the app, no foreclosure charges but will have to pay the full amount along with the interest
Data Privacy and Security:
Instaclaus, NBFC will handle your personal and financial information with utmost care and confidentiality.
We will comply with all applicable data protection laws and regulations.
Governing Law:
These terms and conditions shall be governed by and construed in accordance with the laws of India.
Contact Us: support@instaclaus.com