Questions & Answers

Some common questions we get about Finnup

  • FAQs for Employees

    1. What is Finnup Early Wage Access?

    Finnup lets you access a part of your earned salary before payday. You can withdraw what you’ve already earned anytime you need it.

    2.Will this affect my salary at month-end?

    No. Whatever amount you withdraw early will simply be adjusted from your month-end salary.

    Nothing extra is deducted except a small convenience fee (if applicable).

    3.Does it impact my credit score?

    No. Early wage access is not a loan, so it does not affect your credit score at all.

    4.How much salary can I withdraw?

    The withdrawal limit depends on your employer’s policy — usually 30% to 70% of earned wages for the month.

    5.How fast will I receive the money?

    Money is credited instantly to your bank account after the request is submitted.

    6.What documents do I need?

    Only basic KYC details like Aadhaar and PAN. No long paperwork.

    7.Is it safe to use Finnup?

    Yes. Finnup uses bank-level encryption and follows strict RBI-aligned data protection standards.

  • FAQs for Employers

    1.How does Finnup help my company?

    It reduces employee financial stress, improves productivity, and increases retention. It also cuts HR workload through automated salary deductions.

    2.Will this create extra work for my HR or payroll team?

    No. Finnup integrates directly with your HRMS/payroll. All deductions are automated, and reports are generated for you.

    3. Who funds the advances or loans—company or Finnup?

    Finnup funds everything. Your company does not require any working capital.

    4.How are repayments handled?

    Deductions are automatically adjusted from employees’ monthly salary and transferred to Finnup through a simple settlement process

    5.Is this compliant with regulations?

    Yes. Finnup follows compliant NBFC partnerships, KYC, data privacy, and salary deduction guidelines. Your company faces zero regulatory risk.

    6.How long does integration take?

    Less than 48 hours for most HRMS systems. API-based and SFTP options are available.

    7.Can we choose our own limits and policies?
      Absolutely. You can decide:
    • withdrawal %
    • eligible employees
    • maximum loan limit
    • fees (if any)
    • approval rules
    8.Is there any cost to the employer?

    No extra cost unless you choose to subsidize withdrawal fees for employees.

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