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Early Salary Buy Now Pay Later

Apply Early Salary Buy Now Pay Later

Max Tenure

180 Days

Best Rate

0%

Processing Fee

0 - 500

View Details

Features

  • Partners(Amazon,Flipkart,BigBazar)
  • Avail loan as low as 3000.
  • Instant approval and get vouchers on same day.
  • Zero physical documentation.
  • No foreclosure charges.
  • Ten Minute loan.
  • 1, 3 & 6 Months EMI Option – For salaried (Greater than 18000 - Month)

Pricing

  • Interest rate - 0%
  • Processing fee - Starts @ 0 - 500

Documents Required

  • ID Proof - Pan card
  • Address Proof - Aadhar card
  • Income proof - 3 months bank statement
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About Early Salary Buy Now Pay Later

A lot of Indian salaried individuals are on the look-out for quick cash before their salary day arrives. To meet their requirements, EarlySalary offers salary advance for meeting urgent cash requirements which can be used for various purposes. EarlySalary is an online lending place which facilitates professionals by helping with short-term financial needs.

The main objective of EarlySalary is to help individuals sail through the month-end financial crises by offering them small loan amounts until their pay-day arrives. EarlySalary provides instant loans up to a maximum Rs. 2 lakhs. These have flexible repayment tenures of maximum 12 months. These are mostly unsecured loans and the approval depends on individual income, credit score, and a few other eligibility criteria.

EarlySalary Personal Loan is an easy solution to cater to personal expenses such as a wedding, shopping, home refurbishment, shopping, medical emergencies, etc. One can apply for EarlySalary loan online with few easy steps and get instant disbursal of maximum Rs. 5 lakhs with the least documentation and fast processing.

EarlySalary Buy Now Pay Later – Key Features

  • Loan amount: Minimum loan amount that can be availed is Rs. 8,000. EarlySalary Personal Loan can also be used for shopping and the maximum available amount is Rs. 5 lakhs provided the applicant meets the eligibility criteria.
  • Digital process: The process for applying to EarlySalary buy now pay later or personal loan is entirely digital and requires minimum documentation.
  • Flexible tenure: You can easily repay EarlySalary loans borrowed for shopping within a tenure ranging between 90 to 365 days.
  • Pay as you go: With an EarlySalary buy now pay later, you can pay interest only on the amount used and for the specific period.
  • No prepayment charges: No fees are levied on foreclosure of your EarlySalary buy now pay later.
  • Attractive Interest Rates: EarlySalary buy now pay later/personal loan can be availed at an interest rate of 24%-30% p.a. which is as low as about 2% – 2.5% per month.

Eligibility Criteria

Eligibility criteria laid out by EarlySalary is very transparent and easy to follow:

  • Only a person who is resident of India can apply for a loan from EarlySalary.
  • Minimum age requirement is 21 years and the maximum is 55 years.
  • Only salaried individuals are eligible to apply.
  • For individuals living in a metro city, minimum monthly earning should be Rs. 18,000 and for non- metro city dwellers, minimum monthly earning should be Rs. 15,000.

Types of Personal Loans at EarlySalary

  • Buy now pay later: Whether one wishes to own a new dress, smartphone, fancy furniture, home appliances, etc., it is possible with an EarlySalary Buy now pay later. One can get access to instant funds for shopping some of the favourite products online.
    • With this loan, one can get shopping vouchers at Flipkart and Amazon. Value of such vouchers is 100% of one’s salary. EarlySalary allows borrowers to pay back later with no cost or low-cost EMI.
    • This loan can be conveniently repaid with 3 or 6 EMIs.
    • One can avail 5 buy now pay laters at a time with EarlySalary.
  • Travel loan: Craving for a break from your mundane life but lack of funds is not allowing you to venture on a vacation? Worry not, as you can apply for a travel loan from EarlySalary.
    • Enjoy your dream vacation with MakeMyTrip and payback using no-cost or low-cost EMIs.
    • The maximum loan amount is 100% of your salary which can be repaid in 3 or 6 EMIs.
    • One can avail 5 such travel loans at a time.
  • Skill Upgradation Loan: EarlySalary has a special FeEs Program which is designed for funding a skills upgradation course. It also covers your child’s education and offers a maximum amount of Rs. 5 lakhs under this category.
    • EarlySalary transfers the loan amount to the institution which has been enrolled into.
    • This loan can be repaid in 3 to 12 EMIs. EarlySalary does not levy any prepayment charges for individuals who want to repay the loan before the end of the tenure.
    • An individual can avail 2 education loans from EarlySalary at the same time and can pay for the education of a maximum of 2 children at the same time. Minimum salary should be Rs. 18,000 p.m. for individuals residing in metro cities and Rs. 15,000 p.m. for individuals in non-metro cities.

Documentation

  • Address proof: Rent agreement combined with landlord’s electricity bill, landline bill or postpaid mobile bill/ gas bill/ water bill (not more than 3 months old)
  • KYC documents: PAN Card, Aadhaar Card, Driving License, Passport, Voter ID Card
  • Income proof: Bank account statement

Application Process

  • Step 1: Go to the company’s official website.
  • Step 2: Navigate to ‘Instant Cash’ tab.
  • Step 3: Select ‘Apply for Instant Cash’ option.
  • Step 4: A new window will come up which will ask you to provide your mobile number. You must agree to the terms and conditions to proceed and click on the ‘Sign Up’ option.
  • Step 5: You will get an OTP on the mentioned mobile number. This is required for mobile number verification. You will then need to fill up personal details, professional information, and bank account details.
  • Step 6: After submitting the form, you will get a link for downloading the app on your mobile phone.
  • Step 7: Download the EarlySalary app by following the link.
  • Step 8: Log in to the app and fill in required details like loan amount and chosen repayment tenure.
  • Step 9: You must then upload the required documents in this app.
  • Step 10: Based on the credit score and validity of uploaded documents, your loan eligibility will be calculated and communicated to you.
  • Step 11: The next step is to sign the loan agreement.
  • Step 12: The funds are then transferred to your bank account for further use.

Fees and Other Charges

Here are the important fees (non-interest) applicable to EarlySalary personal loan:

Processing Fees

1.50% of the loan amount

Late payment fees

3% per month on the due loan amount, minimum being Rs. 500

Repayment mode(s) mandate reject charge

Up to Rs. 250 per rejection

Charges for bouncing of the Repayment mode(s)

Rs. 500/- per month / per default towards its dishonour

Prepayment fees

NIL

Stamp Duty

0.1% of the sanctioned value or Rs. 100, whichever is higher

EarlySalary Contact Details

Here is how you can contact the customer care at EarlySalary:

  • Phone - 020-67639797
  • Email - care[at]earlysalary[dot]com
  • Official branch address - Office no. 404, The Chambers, (Samrat Chowk) Clover Park, Near Ganpati Chowk, Viman Nagar, Pune, Maharashtra 411014

FAQs

1. How can I repay a personal loan taken from EarlySalary?

You can make the repayment of your loan through:

  • Auto payments
  • Net banking
  • UPI
  • Make sure to add EarlySalary as a beneficiary against your bank account and then transfer money.

2. Can I prepay my buy now pay later?

Yes, you can prepay your buy now pay later by making payment through Net Banking or UPI.

3. Is there any specific loan repayment date that I should use?

Your loan repayment date is set as the immediate next day of the salary receipt date.

4. Will my shopping voucher or gift card come with an expiry?

Yes, gift cards always have an expiry date. You can check the same in the gift card section of the app. Go to EarlySalary App Menu Gift Card/s Go to the Gift Card for which you wish to know the expiry.

5. Why am I unable to set up auto-payment via eMandate?

You may be unable to set up auto-payment since your bank may not have enabled the eMandate services.

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