New Delhi, India: ZAVO, the country’s first RepayTech platform, has introduced a first-of-its-kind cashback and incentive function for its top customers. ZAVO pays users for timely loan and EMI repayments.

By offering a 10% reduction on the interest component of loan EMIs, which is refunded back as cashback, ZAVO’s EMI Discounting function turns a financial necessity into a fulfilling experience.

More than 5,000 people have signed up for ZAVOPrime in the 72 hours since its introduction, indicating a high desire for more advantageous and intelligent loan payback plans.

Rigid auto-debit systems have long dominated the loan repayment landscape, but ZAVO is changing that with EMI Discounting.

ZAVO promotes good financial conduct and compensates borrowers for their on-time repayments rather than just punishing late payments. This reform represents a significant shift in India’s credit policies, which now see loan repayments as opportunities to save and develop rather than as a burden.

ZAVO’s founder and CEO, Kundan Shahi, stated: “We think payback should be treated with the same level of inventiveness as lending. Borrowers need more than warnings in a nation where credit card and house loan EMIs are a monthly reality. EMI Discounting is actual return on the interest you pay for maintaining discipline, not just a nominal benefit. This is a revolutionary change that transforms each EMI into an opportunity rather than just a duty.

The strategy used by ZAVO goes beyond conventional financing. With gamified incentives, nudges, and awards that encourage on-time repayments and improved credit behavior, ZAVO makes sure users remain engaged after loan disbursement, unlike many other platforms.

With more than 300,000 customers, ZAVO is leading the way in India’s financial ecosystem with RepayTech. ZAVO helps consumers save money, raise their credit ratings, and take charge of their finances by encouraging prudent borrowing.

Concerning ZAVO

Through gamified experiences, insightful analysis, and customized financial strategies, ZAVO is revolutionizing the credit journey by assisting consumers in developing disciplined repayment habits. We use every EMi as a chance to increase your savings, earn rewards, and improve the health of your credit, whether it’s a personal loan, credit card, or BNPL.

We make it simple and enjoyable to remain on top of your payments with features like EMI challenges, ZAVO Coins, EMI Bet, and on-time payment monitoring.