What is a prepaid salary?

A Prepaid salary at indó is a free loan of 25.000 ISK available from the 25th of each month until the end of the month. It works like receiving a small portion of your salary in advance just before the end of the month. We aim to offer a better loan solution to help you through the last days of the month and avoid taking other, more expensive loans in such situations.

The loan is automatically repaid on the first day of the month. So, you don't need to worry about paying it back.

We can offer this free loan at the end of the month if you have your salary with indó because we know for certain that you will automatically repay the loan just a few days later. This allows us to provide this service to you at no cost.

You can find the option to apply for prepaid salary under "Account" in the app.