In today’s fast-paced financial world, access to quick cash is easier than ever — but at what cost? Payday loans promise instant approval, but often trap borrowers in a vicious cycle of high-interest debt. In contrast, Omozing, powered by Aparampaar Finance (NBFC), offers a far more sustainable and affordable alternative through Debt Consolidation Loans.
Let’s break it down.
What Are Payday Loans?
Payday loans are short-term, high-interest loans — often just a few thousand rupees — with a repayment period of 7 to 30 days. These are popular because they require minimal documentation and promise instant disbursement.
But there’s a catch…
- Interest Rates: Typically 1% per day
- Monthly Cost: That’s 30% per month or more
- ₹50,000 Loan Example: You may end up paying ₹15,000–₹18,000 every month in interest alone
- Lack of Credit Reporting: Many payday lenders don’t help improve your CIBIL score
- Rollover Risk: If you can’t pay back in time, you’re charged rollover fees — and the cycle continues
How Omozing Helps You Break the Cycle
Omozing offers Debt Consolidation Loans that help you close multiple payday loans and replace them with one manageable, low-interest EMI.
Why Choose Omozing Loans?
| Feature | Payday Loans | Omozing Loan |
| Interest Rate | 1% per day (~30%/mo) | 1.4% per month |
| Loan Tenure | 7–30 days | 6 to 36 months |
| Repayment | Lump sum or rollover fees | Fixed monthly EMIs |
| Credit Score Impact | Often not reported | Positive reporting to CIBIL |
| Support | Chatbots/app only | Real people, phone & WhatsApp support |
Real-Life Savings: A Quick Look
Let’s say you’ve borrowed ₹60,000 from 3 payday apps:
- Payday Loan Interest: ₹18,000/month
- Omozing EMI (at 1.4% monthly): ~₹2,500/month
- ✅ Savings: Over ₹15,000/month!
Plus, your loan is now structured, reported to credit bureaus, and won’t drain your wallet every month.
Benefits of Omozing Debt Consolidation
- One EMI, one lender, less stress
- Lower interest = significant savings
- Secure and RBI-compliant (via Aparampaar Finance NBFC)
- CIBIL score improvement over time
- Friendly support via WhatsApp: 7090002531
Ready to Get Started?
Download the Omozing Loan App on the Play Store, visit www.omozing.com, or WhatsApp us today.
Say goodbye to payday pain — and hello to financial peace of mind.