One repayment, on your salary date
A DhanBoost loan is designed to be simple: you repay it in a single instalment on or after your salary date. There are no EMIs to track. Your exact due date and total amount are shown in your Key Fact Statement and on your dashboard, so you always know what's due and when.
The ways to pay
- UPI: the fastest option — pay from any UPI app to the details shown on your repayment screen. Payments usually reflect within minutes.
- Net-banking: transfer from your bank's net-banking to the account shown on your dashboard. Keep the reference number until it's confirmed.
- Auto-debit: if you've set up a mandate, the due amount is collected automatically on your due date — so you can't forget. Just keep enough balance in the account.
Repaying early saves you interest
DhanBoost charges 1% per day on the principal over the actual tenure, and there are no pre-closure or prepayment charges. That means clearing your loan early genuinely reduces what you pay — you're only charged interest for the days you actually held the loan. If salary lands early, paying early is a small, easy win.
If you might miss the date
Life happens. If you think you'll be late, contact us early at info@dhanboost.com. A late payment attracts a fee of 2% per day on the overdue principal (capped at 30 days) and can affect your credit score, so it's always worth talking to us before the date rather than after.
After you repay
Once your payment is confirmed, your loan is marked closed and you're free to borrow again in future if you need to. Keep your payment confirmation for your records — and that's it. Simple by design.
This article is general information, not financial advice. Loans are offered by DhanBoost's RBI-registered NBFC partners; all rates and charges are set out in your Key Fact Statement before you accept an offer.