Jify

Zeo Fin Technology Pvt Ltd

ଏହି ଆପ୍ ବିଷୟରେ

Who are we and what do we do?

Jify is one of the largest financial wellness platforms for the employed workforce in India. We are a pioneer in on-demand salary. We allow employees to access their earned salary instantly and before the month-end paycheck. With Jify, you can avoid high-cost interest charges, borrowing from friends/ family/employers, or paying bank/credit overdraft fees. Jify is a platform to facilitate earned salary access on a creditline via our NBFC Partners - - NDX P2P PRIVATE LIMITED ("LiquiLoans") and K.M. Global Credit Private Limited ("Credit Fair") - both RBI-regulated entities.

Who can use Jify?
Jify’s earned salary access is available to employees from partner organizations only. Users must be Indian residents and actively working with our partners.

Why Jify?
• Hand-picked by your HR leaders to offer long-term financial wellness
• You have 0% interest/fee and instant access to your pay as you need
• One-time KYC.
• Easy to use, with no paperwork or document upload required except KYC.
• Multiple rewards and benefits
• Available to all employees in an organization
• Available 24x7, withdraw your salary when you need the money

Salary advance/ on-demand salary - want to know more?
You have been working on your money management, but perhaps you went a little bit over budget for the month. The electricity bill is due on Monday, but you won’t get paid till Friday. You're set to overdraft if money doesn't hit your account soon. This is where Jify comes in to help you take your OWN earned salary when you need it. Think of it as a parachute, helping you land safely at the end of the month.

For example, if you were last paid on Day 15 of Month 1, and you need money on Day 25 of Month 1, you use Jify to access your earned salary for 10 days of hard work.

Fees and Charges
Jify offers salary on a credit line to employees. Users can withdraw upto 3X of monthly salary from this limit and repay over a period of 3 months to 12 months each time they make a withdrawal. Annual Percentage Rate (APR): Ranges from 8 - 36%. APR is communicated on the Jify App upfront before accepting the offer.

Transaction Breakup - Example
* Loan Amount: ₹ 100000
* Minimum repayment period: 3 months
* Maximum repayment period: 12 months
* Interest rate: 0.75% per month
* Processing Fee: ₹ 258
* Interest: ₹ 2250 (calculated on a yearly basis and on a reducing balance basis)
* APR: 17.45%
* Amount that gets deducted from your salary: ₹ 102657

Permissions that we seek:
One-time permissions like location, microphone, to have data points to enable processes such as KYC.
For a faster process, we typically require the following permissions:
Location - To check and expedite the KYC process
Camera & Microphone - Helps to upload selfie video for the application process.

Safety & Security (Data Protection)
Data Security Features
Jify is ISO 27001:2013 certified
Data at rest and in transit is 100% encrypted.
Customer data is stored & processed only in India

Privacy Policy: https://www.jify.co/privacy-policy
Terms & Conditions: https://www.jify.co/terms-and-conditions

To get in touch, you can reach out at [e-mail] or ([phone].