Early Salary
Personal Loan

EarlySalary is an innovative mobile application based lending platform that provides small bridge loans to the customers who have exhausted their salaries. The loan helps borrowers sail through until they get their next salary. You can get an EarlySalary Loan up to Rs. 5 Lakhs for a maximum tenure of 36 months, based on the scheme type.

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Early Salary interest rate for personal loans remains amongst the lowest in the industry. While the rates are dependent on the borrower’s profile and eligibility score, they can start from as low as just Rs. 9 per day. This EarlySalary interest rate applies to all loan tenures sanctioned to the borrower, right from 6 months to 36 months. There is a minimal processing fee and no extra charges for prepayment of the loan.

Note: Check the lists of best personal Loan Apps available in India.

• No collateral required for Early Salary loan as it is based on your salary and comes with an auto-debit option.
• You can convert your EarlySalary credit into 3 to 6 EMIs.
• Prepayment is available at zero charges. You only have to pay the interest for the amount outstanding.
• Transparent application process.
• You can also apply for an Early Salary credit card.
• Instant money transfer to your bank.
• No long forms and no paperwork involved.
• Apply for repeat loans anytime through the EarlySalary app.

The following documents must be uploaded to complete the registration process with Early Salary personal loan:

• PAN card
• Selfie
• Bank statement of last 3 months
• KYC document (any one):
  • Aadhaar card
  • Driving license
  • Passport
  • Voter ID
• In some cases, customers may also be required to submit the following documents along with the above documents for Early Salary loan:
  • Last 3 months' salary slips
  • Current address proof (any one):
    • Gas bill
    • Electricity bill
    • Postpaid phone bill
    • Bank statement
    • Employment letter

• When you apply for a loan, make sure that you are aware of the EMI well in advance. That way, you can be sure that you will be able to make all the repayments on time without any burden each month.
• You can calculate your Early Salary EMI with their personal loan EMI calculator given on their website under the EMI Calculator section. The Early Salary EMI Calculator helps you check the exact EMI amount that you will have to pay on the desired loan amount. All you need to do is select the desired loan amount, tenure and Early Salary loan interest rate.
• You can use MyMoneyMantra EMI Calculator to get the exact EMI instantly.

• The instant loan on the Early Salary app is loaded with the following attractive features:
• Flexible loan amount: You can get a loan amount of Rs. 5,000 to up to Rs. 5 Lakhs, based on your eligibility criteria and the type of loan availed.
• Low-interest rate: These salary advance loans come at competitive Early Salary app interest rate starting from as low as Rs. 9/day and can go up to 30% per annum, depending on your creditworthiness.
• Flexible repayment tenure: EarlySalary Short Term Loan comes with flexible repayment tenure of up to 36 months, depending on the type of scheme you have applied for.
• Low processing fees: The processing fees charged on these loans are minimal and can vary between Rs. 199 to Rs. 4,000, based on the loan amount that you apply for.

The customer must fulfill the following Early Salary Loan Eligibility Criteria in order to get approval on his or her loan application, as mentioned below:

• The applicant should be above 21 years and below 55 years of age.
• Minimum monthly salary requirement: Rs. 15,000 for Tier 2 & Tier 3 cities and Rs. 18,000 for Tier 1 cities.
• The applicant must be an Indian citizen.
• Your CIBIL score must be at least 600 or above.

The app currently offers instant cash loans in:

*18% GST is applicable on all the charges mentioned above.

You can contact the customer care of Early Salary loan app through the following channels:

• Phone: 020-67639797
• Customer queries: care@earlysalary.com
• Customer Level 1 Escalation: complaints@earlysalary.com
• Customer Level 2 Escalation: grievance@earlysalary.com