Salary on Time
Salary on Time: Rs. 97,020 reached the borrower, Rs. 1,44,100 was demanded back in 31 days
Last updated 30 July 2026. Public-record entries consulted 30 July 2026.
Salary on Time is the lending brand operated by Kasar Credit & Capital Pvt Ltd, CIN U74899DL1995PTC066816, incorporated 27 March 1995 at Delhi. Everything on this page is either a fact from the public record, a figure from the borrower’s own loan documents, or a calculation this site has made and labelled as its own.
What the public record shows
| Operating company | Kasar Credit & Capital Pvt Ltd |
| CIN | U74899DL1995PTC066816 |
| Incorporated | 27 March 1995, Delhi |
| Registration status recorded | NBFC registered |
| Registered office | Unit No. G51, Krishna Apra Business Square, Delhi NCR |
| Directors on the record | Barma Nand Goel · Deepak Sharma |
| Paid-up capital | Authorised Rs. 4.80 Cr, paid-up Rs. 3.76 Cr |
| Grievance contact published | grievance@salaryontime.com · +91-8800002890 |
Directors are named because company directorships are a matter of public record on the Ministry of Corporate Affairs register. Naming a director here is a statement of the record only, and is not an allegation of any kind against any individual.
One documented loan
The loan figures below are taken from the sanction documentation, Key Facts Statement, bank credit record and demand communication of one salaried borrower, reviewed by loantrap.org and published with that borrower's consent. They relate to a single loan. loantrap.org does not say they are typical of this lender's lending generally. Any company named may respond at any time through the corrections channel below, and we will publish the response.
| Sanctioned | Rs. 1,10,000 |
| Deducted upfront | Rs. 12,980 (11.8%) |
| Actually reached the borrower | Rs. 97,020 |
| Demanded back | Rs. 1,44,100 |
| Tenure | 31 days |
| Processing fee | Rs. 11,000 |
| Interest, as stated | 1% per day |
| Penal charge, as stated | 2% per day |
This site’s calculation — method shown
1,10,000 − 12,980 = 97,020— the sum actually advanced.1,44,100 − 97,020 = 47,080— demanded over and above the sum advanced, in 31 days.- Annualised on the sum actually advanced, that is 571.4% a year — this site’s simple annualisation, not a rate stated by the company.
The Key Facts Statement issued for this loan states an APR of 486.67%. This site’s annualisation of the documented amounts gives 571.4%. The two figures are stated here side by side; this page does not resolve the difference.
Interest charged on money deducted before disbursal is charged on funds the borrower never received, which raises the effective cost above any quoted rate.
Who owns Salary on Time? Which company is behind it?
Salary on Time is operated by Kasar Credit & Capital Pvt Ltd, CIN U74899DL1995PTC066816, incorporated 27 March 1995 at Delhi. The record consulted on 30 July 2026 lists its directors as Barma Nand Goel, Deepak Sharma. The brand name is not itself a registered company name — trading under a brand name is common and lawful, but it means a borrower checking any register must search the company name, Kasar Credit & Capital Pvt Ltd.
Is Salary on Time RBI registered?
On the record consulted on 30 July 2026, the registration position recorded for Kasar Credit & Capital Pvt Ltd is: NBFC registered. This page makes no finding about whether any registration requirement or exemption applies — that is a question for the Reserve Bank of India. Check for yourself by searching the RBI's published list of registered NBFCs for the company name, Kasar Credit & Capital Pvt Ltd, not for the brand name.
What did a Salary on Time loan actually cost?
On one documented loan, Rs. 1,10,000 was sanctioned, Rs. 12,980 was deducted upfront, Rs. 97,020 reached the borrower's account, and Rs. 1,44,100 was demanded back over 31 days — Rs. 47,080 more than the sum advanced. The Key Facts Statement stated an APR of 486.67%. This site's own annualisation of the documented amounts is 571.4% a year. That is this site's calculation, not a rate stated by the company.
Can Salary on Time call my office, family or contacts?
No. The RBI Fair Practices Code bars a lender and its recovery agents from contacting your employer, colleagues, family, friends or references, or disclosing your debt to them. Calls are permitted only to you, and only between 8 a.m. and 7 p.m. Abuse, threats and public shaming are prohibited, and the Regulated Entity remains accountable for the conduct of its recovery agents.
How do I file a complaint against Salary on Time?
Write first to the lender's grievance officer — the address published for this brand is grievance@salaryontime.com and keep a dated copy. If it is unresolved after 30 days, escalate to the RBI Ombudsman through the Complaint Management System at cms.rbi.org.in. Report the entity or practice on RBI Sachet at sachet.rbi.org.in. For threats, blackmail or misuse of your phone data, report at cybercrime.gov.in or call 1930 without waiting.
Your rights, whatever you owe
The RBI Fair Practices Code binds every regulated lender and its recovery agents. They cannot call you before 8 a.m. or after 7 p.m.; cannot contact your employer, family, friends or references or disclose your debt to them; cannot use abuse, threats or public shaming; must disclose the all-inclusive APR in a Key Facts Statement before you borrow; and may recover only by lawful means. Being unable to repay a loan is, by itself, a civil matter — you cannot be jailed for it, and a threat of arrest over a defaulted loan is itself unlawful pressure. If the pressure has become unbearable, talk to someone today.
Where to report
- • RBI Sachet — sachet.rbi.org.in — to report an entity or an unlawful lending practice.
- • RBI Complaint Management System — cms.rbi.org.in — the RBI Ombudsman, through the Centralised Receipt and Processing Centre (CRPC), after first raising the complaint with the lender’s grievance officer and allowing 30 days.
- • National Cyber Crime Reporting Portal — cybercrime.gov.in — or helpline 1930 — for threats, abuse, data exposure or misuse of phone data.
- • Consumer commission — file online through e-Jagriti (the portal that replaced e-Daakhil) — for deficiency in service or an unfair trade practice.
- • Check the lender yourself — the RBI publishes the list of NBFCs and ARCs registered with it, and a separate list of those whose certificate of registration has been cancelled. Search by the operating company’s name, not the app brand.
- • Free government legal aid — NALSA / SLSA / DLSA, your right under Article 39A. How to apply.
Related pages
Corrections and right of reply
Every page quoted here was read on 29 July 2026. Any company named on this page may write to grievance@loantrap.org.
If any company named on this page tells us that a statement here is inaccurate, we will check it against our source, and where we are wrong we will correct or remove it and publish the correction on this page with equal prominence, within 7 days.
Grievance Officer (IT Rules 2021): grievance@loantrap.org — complaints acknowledged within 24 hours and disposed of within 15 days.
About this page
This page is public-interest reporting from primary documents. Quotations are reproduced as read on the stated date; websites change. Nothing on this page is legal or financial advice.
Nothing on this page is an allegation that any company or person named has committed an offence. Where a matter is described as alleged, it is an allegation only and has not been established. Where a company does not appear on a public register, there may be lawful explanations, and this page makes no finding either way.
The name of this site describes the subject it covers — problem borrowing and its consequences. It is not a statement about any company named on this page.
Last updated and what changed
Last updated 29 July 2026. Quoted pages read on 29 July 2026.
- • 30 July 2026 — Page published.