Refyne
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Downloads
Everyone
info
About this app
1. What is Refyne?
Refyne is a Bengaluru, India-based fintech company that provides salaried individuals access to their earned salary. Refyne partners with companies to offer their employees affordable, convenient access to cash. Refyne’s app enables employees to track and withdraw their real-time earned salary any time before the scheduled salary day. Launched in 2020, Refyne’s goal is to give the Indian workforce ready access to money they’ve already worked for and earned.
Refyne is a credit line product offered in partnership with registered NBFCs. Refyne is a closed marketplace that runs as a service to employers and their employees. The service is open only to partnering employers and their employees. The employer sets the limit on the amount of earned salary employees can withdraw.
2. Why Refyne?
Refyne allows employees to withdraw their earned salary for only a flat one-time transaction fee, where they enjoy a stipulated interest-free repayment period.
Refyne helps salaried individuals break out of the monthly pay cycle, align their income and expenses and reduce their dependence on unregulated and informal high-interest short-term loans.
Refyne also offers advance salary to verified employees of partner employers in our effort to safeguard their financial wellness.
3. Who can use Refyne?
Refyne is meant only for employees of partner companies. This is a closed marketplace and is not intended for public use. The user must be an active employee of the partner company for at least three months and have signed employment agreement forms with their employer.
Every user must be an Indian resident and must complete full KYC as per the RBI guidelines.
4. Services provided
Employees can track and withdraw their earned salary on-demand, anytime before the scheduled salary day & cover their expenses via Refyne’s app
5. Fees & Charges
Refyne is a “salary on credit-line” product. Users can withdraw up to INR 1,00,000 on the Refyne Credit Line at a Maximum APR (annual percentage rate) of 16% with a Repayment Period of 3 months to 12 months. Each time they make a withdrawal, Refyne charges them a one-time transaction fee which ranges from INR 9 to 199, exclusive of GST. The repayment duration, i.e. the credit line, can be extended up to 12 months.
6. Transaction breakup (Fees and Charges)
Below is an example of the fee breakup for a transaction:
* Loan amount: ₹10,000
* Minimum repayment period: 3 months
* Maximum repayment period: 12 months
* Interest rate: 0% (for the first 3 months), 4th month onward, 16% p.a. reducing
* Processing fee: ₹99
* GST on processing fee: ₹18
* Total interest: ₹678 (calculated from 4th to 12th month, in total 9 months)
* APR: 16%
* Disbursed amount: ₹9,883
* Total loan repayment amount: ₹10,678
7. RBI Compliance
Refyne has partnered with RBI authorised, regulated banks & NBFCs - Sunita Finlease Ltd (https://www.sunitafinance.com/), Olety Finance Ltd (http://oletyfinance.in/) & ICICI Bank (https://www.icicibank.com/). Our policies & services are fully regulated & 100% RBI compliant in all processes duly defined by RBI.
8. Safety & Security (Data Protection)
Data Security
* Refyne is ISO 27001:2013 certified
* Data at rest and in transit is encrypted
* Customer data stored & processed in India
* Refyne employees do not have access to customer information
Infrastructure & Network Security
* Refyne’s product is VAPT certified by a CERT-In empanelled auditor Data Ownership
* Users can delete their personal information from the Refyne databases at any time
* Any session logs containing PII data of the users are automatically purged from cloud
* Privacy Policy: https://refyne.co.in/privacy-policy.html
* Terms & Conditions : https://www.refyne.co.in/terms-of-use.html
9. Customer Support
Email: support@refyne.co.in
Phone: +917406343332
Refyne is a Bengaluru, India-based fintech company that provides salaried individuals access to their earned salary. Refyne partners with companies to offer their employees affordable, convenient access to cash. Refyne’s app enables employees to track and withdraw their real-time earned salary any time before the scheduled salary day. Launched in 2020, Refyne’s goal is to give the Indian workforce ready access to money they’ve already worked for and earned.
Refyne is a credit line product offered in partnership with registered NBFCs. Refyne is a closed marketplace that runs as a service to employers and their employees. The service is open only to partnering employers and their employees. The employer sets the limit on the amount of earned salary employees can withdraw.
2. Why Refyne?
Refyne allows employees to withdraw their earned salary for only a flat one-time transaction fee, where they enjoy a stipulated interest-free repayment period.
Refyne helps salaried individuals break out of the monthly pay cycle, align their income and expenses and reduce their dependence on unregulated and informal high-interest short-term loans.
Refyne also offers advance salary to verified employees of partner employers in our effort to safeguard their financial wellness.
3. Who can use Refyne?
Refyne is meant only for employees of partner companies. This is a closed marketplace and is not intended for public use. The user must be an active employee of the partner company for at least three months and have signed employment agreement forms with their employer.
Every user must be an Indian resident and must complete full KYC as per the RBI guidelines.
4. Services provided
Employees can track and withdraw their earned salary on-demand, anytime before the scheduled salary day & cover their expenses via Refyne’s app
5. Fees & Charges
Refyne is a “salary on credit-line” product. Users can withdraw up to INR 1,00,000 on the Refyne Credit Line at a Maximum APR (annual percentage rate) of 16% with a Repayment Period of 3 months to 12 months. Each time they make a withdrawal, Refyne charges them a one-time transaction fee which ranges from INR 9 to 199, exclusive of GST. The repayment duration, i.e. the credit line, can be extended up to 12 months.
6. Transaction breakup (Fees and Charges)
Below is an example of the fee breakup for a transaction:
* Loan amount: ₹10,000
* Minimum repayment period: 3 months
* Maximum repayment period: 12 months
* Interest rate: 0% (for the first 3 months), 4th month onward, 16% p.a. reducing
* Processing fee: ₹99
* GST on processing fee: ₹18
* Total interest: ₹678 (calculated from 4th to 12th month, in total 9 months)
* APR: 16%
* Disbursed amount: ₹9,883
* Total loan repayment amount: ₹10,678
7. RBI Compliance
Refyne has partnered with RBI authorised, regulated banks & NBFCs - Sunita Finlease Ltd (https://www.sunitafinance.com/), Olety Finance Ltd (http://oletyfinance.in/) & ICICI Bank (https://www.icicibank.com/). Our policies & services are fully regulated & 100% RBI compliant in all processes duly defined by RBI.
8. Safety & Security (Data Protection)
Data Security
* Refyne is ISO 27001:2013 certified
* Data at rest and in transit is encrypted
* Customer data stored & processed in India
* Refyne employees do not have access to customer information
Infrastructure & Network Security
* Refyne’s product is VAPT certified by a CERT-In empanelled auditor Data Ownership
* Users can delete their personal information from the Refyne databases at any time
* Any session logs containing PII data of the users are automatically purged from cloud
* Privacy Policy: https://refyne.co.in/privacy-policy.html
* Terms & Conditions : https://www.refyne.co.in/terms-of-use.html
9. Customer Support
Email: support@refyne.co.in
Phone: +917406343332
Updated on
Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
What's new
We are always in process of enhancing Refyne with the latest features for our users. Please expect to see some bug fixes and performance improvements in this release. Do keep your updates turned on to not miss any of our features!
With this release, we bring to you a gamified Refyne experience. Check it out!
We are also bringing new dashboard design for some selected employers.
With this release, we bring to you a gamified Refyne experience. Check it out!
We are also bringing new dashboard design for some selected employers.
App support
phone
Phone number
+917406343332