PayAdvance™
Your Pay, Your Way
Access instant salary advances with low interest. Manage unexpected expenses with confidence.
Quick Access
Apply in minutes, get approved in hours
Low Interest
Only up to 1.5% monthly
Easy Repayment
Automatically deducted from your salary
Quick Processing
Approval within minutes
How PayAdvance™ Works
A simple and transparent process for both employees and employers
For Employers
Partner With Us
Simple integration with the Kapital platform at no cost to you.
Employee Verification
Quick verification of employment status and salary information.
Automated Deductions
Seamless integration with your payroll for automatic loan repayments.
Dashboard Access
Monitor employee loans and repayments through our employer portal.
Benefits of PayAdvance™
Smart financial solutions for everyone
Enhanced Employee Benefits
Attract and retain talent with zero-cost financial wellness benefits.
Zero Risk & Cost
No financial liability or administrative burden for employers.
Easy Integration
Seamless setup with your existing payroll system.
Increased Productivity
Reduce financial stress and improve workplace performance.
Loan Terms & Calculator
Transparent terms and instant calculations to help you plan your loan
Terms and Details
Loan Amount
Minimum: RM 1,000
Maximum: Up to 1 month's gross salary
Interest Rate
1.5% per month
Origination FeeCovers the cost of processing the loan application, underwriting, and funding the loan
3% of loan amount
Legal FeesCovers the cost of legal documentation, stamp duties, and other regulatory requirements
2% of loan amount
Late Payment FeeAdditional interest charged on overdue amount
0.5% per day on amount in arrears
Repayment Terms
6 or 12 months
Eligibility
Full-time employees of partner companies
Required Documents
Please prepare these documents to speed up your application process
Company Documents
- Business Registration (SSM)
- Latest 6 months bank statements
- Director(s) NRIC/Passport copy
Employee Information
- Employee list with salary details
- Latest EPF statement
Frequently Asked Questions
Everything you need to know about PayAdvance™
How does PayAdvance™ work?
PayAdvance™ is a salary advance program that allows you to access a portion of your salary early. The amount is automatically repaid through salary deductions over 6 or 12 months.
How much can I borrow?
You can borrow between RM 1,000 and up to one month's gross salary, subject to eligibility and approval.
What happens if I leave my job?
The outstanding loan amount will be deducted from your notice period pay. If this is insufficient, you'll need to arrange an alternative repayment plan with us.
Are there any hidden fees?
No hidden fees. You only pay the processing fee (7.5%) and monthly interest (1.5%).
Why do you charge a processing fee?
This is to cover the cost of loan processing including, but not limited to credit checks, stamp duty, legal fees, and other administrative costs.
How long does approval take?
Most applications are approved within 24 hours, with funds disbursed within 1-2 business days after approval.
Can I repay early?
Yes, you can make early repayments without any penalty to increase your credit limit.
Can I borrow more funds?
Yes, you can borrow more funds as your repayment balance decreases, up to 1 month gross salary in total.
Do I need to submit documents every time I request a pay advance?
No, the employer only needs to submit documents once. After that, you will be eligible for instant loan approvals and quick disbursements of funds.
Are you a regulated money lender?
Yes, the loan is powered by OPG Capital Holdings, a KPKT-regulated, licensed money lender (WL3337/07/01-9/020223).