Loan app · What the documents disclose
Salary On Time: What the Documents Disclose
Salary On Time is a brand of Kasar Credit and Capital Pvt Ltd. Every figure on this page is taken from the lender’s own sanction letter, Key Facts Statement or recovery e-mail, and is republished from our investigation of ten short-tenure lenders. No figure is estimated, and no allegation of intent is made anywhere on this page.
The company’s own figures
| Operated by | Kasar Credit and Capital Pvt Ltd |
|---|---|
| RBI register | Sl. 3930 |
| Sanctioned | Rs 1,00,000 |
| Deducted at source | Fee Rs 10,000 + GST Rs 1,800 |
| Actually received | Rs 88,200 |
| Repayment | Rs 1,17,000 |
| Term | 17 days |
| Interest | 1% per day |
| Penal rate | 2% per day (730% a year) |
| Its own disclosed APR | 486.67% |
| Cost on the money received | 701.08% — 214.41 percentage points above its own disclosed figure |
Dated events
On its Key Facts Statement
Its KFS names a personal Gmail as the Nodal Grievance Officer’s contact.
Where to complain — official channels only
- cybercrime.gov.in — the National Cyber Crime Reporting Portal
- cms.rbi.org.in — RBI Complaint Management System (grievance to the lender first, then RBI)
- sachet.rbi.org.in — RBI's Sachet portal
- incident@cert-in.org.in — CERT-In, for the data-exposure element
Preserve the original e-mail with full headers before you complain, and take the recipient list as a screenshot.
Questions
Is the disclosed Salary On Time APR what the loan costs?
Kasar Credit and Capital Pvt Ltd disclosed an APR of 486.67% on a sanctioned Rs 1,00,000, of which Rs 10,000 in fees and Rs 1,800 in GST were deducted at source, leaving Rs 88,200. On the sum actually received the figure is 701.08% — 214.41 percentage points above its own disclosed figure.
Why does a fee deducted at source change the rate?
Chapter III-B, Paragraph 29 of RBI Direction RBI/DOR/2025-26/362 requires the all-inclusive Annual Percentage Rate to be disclosed in the Key Facts Statement — which is why a stated rate that excludes a fee deducted at source matters. Any figure that excludes deductions at source is not the cost on the money you received.
How do I file an RBI complaint against a loan app?
Raise it with the lender’s grievance officer, wait for the prescribed period or a rejection, then file on cms.rbi.org.in. sachet.rbi.org.in is the parallel channel for unregulated-entity reports.
This page summarises one lender from a wider investigation.
The full piece covers nine companies and ten documented recovery e-mails: More Than 1,250 Borrowers Exposed, 701% a Year.
Right of reply
Every company named on this page is invited to respond. If any figure, date, count or description here is inaccurate, write to us with the correcting document and we will publish the correction, or the response in full, alongside this article without charge and without editing its substance.
No adjudication
No court, tribunal, ombudsman or regulator has adjudicated any of the conduct described on this page. Nothing here asserts that any company acted unlawfully, or asserts any intent, motive, knowledge or state of mind. The registration status of any lender is a matter for the Reserve Bank of India alone. Each described act is stated with its date and sourced to the company's own document.