FAQs
General EWA FAQs
What is Emerald Finance Limited?
Emerald Finance Limited is a Non-Banking Financial Company (NBFC) listed on the Bombay Stock Exchange and is based out of Chandigarh. The company is engaged in the business of retail and MSME lending.
What is Early-Wage-Access?
This is an on-demand salary access program wherein you can withdraw a certain percentage of your salary anytime throughout the month without having to wait for your pay-day.
In how much time is the money credited?
Instantly. The money will be credited into the bank account instantly.
What is the interest charged?
There is no interest to use this facility. We charge a convenience fee at the time of withdrawal. The exact amount shall be visible at the time of withdrawing the money.
What are the benefits of using this facility?
Access to instant cash. You will never have to worry about your emergency needs.
Improvement in CIBIL score. Timely repayment by your employer ensures that your CIBIL will keep improving.
What is the maximum credit limit I can get?
You can get a credit limit of upto 50% of your monthly salary. This amount can be modified (with your consent) as you continue to transact with us.
Who is eligible to use Emerald EWA?
Emerald EWA is for everyone! All you need is a basic smartphone, minimum KYC (Photo ID & address proof) and a bank account.