InstaPe

INSTAPE SYNERGIES PRIVATE LIMITED

About this app

About InstaPe

InstaPe is a Mumbai-headquartered fintech platform that enables employees of partner companies to access regulated salary advance products through a fully digital process.

InstaPe operates as a Digital Lending App (DLA) facilitating loan origination and processing. Loans are disbursed directly by RBI-registered regulated entities.

Lending Partners (Loans are provided by):

- Suryoday Small Finance Bank Limited (RBI regulated Bank)
https://suryoday.bank.in/personal/loans/personal-loan/salary-advance-with-partners
- Mufin Green Finance Limited (RBI regulated NBFC)
https://mufingreenfinance.com/lending-service-providers

InstaPe Synergies Pvt Ltd does not lend from its own balance sheet.

Who Can Use InstaPe?

InstaPe is available exclusively to full-time employees of companies that have signed up with InstaPe.

Applicants must:

- Be Indian residents
- Applicant's age should be 21 & above
- Be in active employment with a partner company
- Complete KYC as per RBI guidelines

Loan Terms & Charges

Minimum repayment period: 3 months
Maximum repayment period: 24 months
APR: 8% - 30%

Interest rates, tenure may vary depending on the employer program and lending partner.

Sample Loan Calculation

Loan Amount: ₹10,000
Loan Tenure: 12 months
Interest Rate: 16% per annum (reducing balance)
APR: 16%
Total Interest Payable: ₹907
Disbursed Amount: ₹10,000
Total Repayment Amount: ₹10,907
Foreclosure charge: NIL


Actual loan terms may vary based on eligibility and lending partner policies.

RBI Compliance

InstaPe partners with RBI-authorized and regulated entities. All loan agreements are executed directly between the borrower and the regulated lending entity.

InstaPe adheres to RBI Digital Lending Guidelines and applicable regulatory requirements.

Safety & Security

Data encrypted in transit and at rest
Customer data stored and processed in India
VAPT certified by a CERT-In empanelled auditor
Users may request deletion of personal data

Permissions Required

Camera
Required for borrower selfie as part of the lender KYC process.

Location (Approximate / Coarse)
Used only to embed approximate geolocation on the KYC photograph as required by the lending partner. Location data is not used for tracking or background monitoring.

Data Ownership:
Users have the right to request deletion of their personal data from InstaPe’s databases at any time by contacting [e-mail]

Terms of Use:
https://instape.com/terms_of_use

Privacy Policy:
https://instape.com/privacy-policy