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Early Salary Personal Loan

Apply Early Salary Personal Loan

Max Tenure

12 months

Best Rate

14%p.a

Processing Fee

1-2%

View Details

Features

  • Instant approval and same day cash transfer.
  • Zero physical documentation.
  • No foreclosure charges.
  • Ten Minute loan.
  • Repayment Tenure upto to 36 Months.

Pricing

  • Interest rate - 14% p.a
  • Processing fee - 1-2%

Documents Required

  • ID Proof - Pan card
  • Address Proof - Aadhar card
  • Income proof - 3 months bank statement
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How to Get a Early Salary Personal Loan

EarlySalary Personal Loans are a great way to meet any emergency financial needs at low interest rates and minimal documentation requirements.

Life if filled with uncertainties and you can be faced with a financial emergency at any point of time. Inspite of savings and investments, you may be required to get a loan to meet certain needs. Personal loan is the best finance option during such times owing to quick processing times and instant disbursals.

EarlySalary is an online lending platform that enables individuals to complete the entire loan process online on a secure digital platform. Whether you choose to apply on the EarlySalary website or through their app, you get 24/7 assistance relating to your loan.

EarlySalary Personal Loans Snapshot

Loan Type

Personal Loans

Loan Amount

Up to Rs.5 Lakhs

Interest Rate

18% - 32% per annum

Repayment Tenure

Up to 36 months

Processing Fees

2% of the loan amount

Pre-closure Charges

Nil

Features Of EarlySalary Personal Loans

EarlySalary Personal Loans bring affordable personal loans for salaried employees. The loan process is backed by EarlySalary’s indigenous PCI DSS App which is highly secure. Also, borrowers can avail 24/7 service for any queries and questions relating to their loan application; Here are some more features of an EarlySalary Personal Loan:

1. Loan amounts ranging from Rs. 5000 to Rs. 5 lakhs with instant disbursal

2. Get repayment tenures ranging from 90 to 730 days

3. Get low interest rates Rs.9 per day for every Rs. 10,000 loan amount

4. No prepayment charges allows you to pay off the loan anytime

Other products from EarlySalary - Early Salary Instant Short Term Loan

How To Apply For An EarlySalary Personal Loan?

EarlySalary Personal Loans are processed completely online, either on their website or on the mobile app. Please follow the below steps to get your personal loan today:

  • The EarlySalary app is free and can be downloaded on your mobile phone
  • Once downloaded, register on the app and fill in your basic personal details like name, address, date of birth and PAN number
  • Instant approval is issued based on the information you have entered
  • Upload your KYC documents on the app once you've received approval.
  • After you've completed your KYC process, simply select the amount of loan you'd like to take out, and it'll be deposited to your bank account right away!

What Are The Eligibility Criteria To Get An EarlySalary Personal Loan?

EarlySalary Personal Loan requires very simple eligibility conditions:

  • Being a resident citizen of India is a must.
  • You must be between the ages of 21 and 55.
  • Individuals earning a minimum of Rs.18,000 in metro cities and Rs.15,000 in non-metros are eligible.

What Are The Documents Required To Apply For An EarlySalary Personal Loan?

The documentation requirement are very minimal; You just need:

  • Pan Card
  • Address Proof
  • ID Proof
  • 3 Months’ Salary Slip

Why Should I Get My Personal Loan From EarlySalary?

EarlySalary is convenient and quick! The fast loan disbursal process puts the much needed funds in your hands so that you can take care of what is important and not spend hours filling up long forms and documentation, or wait at the bank to get your loan approved.

  • No limitations on how you use the loan money — Unlike other loans, you can spend the money from EarlySalary personal loan for whatever your need is right now. Some of the most common reasons that borrowers have availed the EarlySalary Personal Loans are, shopping, travel plans, professional certifications and courses, marriage expenses, to upgrade their kitchen appliances, home renovation or repairs, to buy the latest high-end gadgets, and many more.
  • Collateral Free Loans - When you apply for quick personal loans online through EarlySalary, you will not be required to pay or pledge any security in order to obtain a rapid personal loan unlike traditional lending options that require some form of collateral or security deposit.
  • Flexible Repayment - You can determine the length of your quick personal loan online, but the main product is an income booster that can be taken out for a month. You can also choose to pay back the money whenever you want. EarlySalary also includes a personal loan EMI calculator that can be used to figure out personal loan interest rates and EMI amounts.
  • Less Paperwork – Thanks to the digital revolution and digital money, loan processing has become much easier and less time-consuming than in the past. Your loan is sanctioned in minutes once you submit just the most basic documentation. The disbursement for approved consumers occurs in seconds.
  • Interest rates that are both attractive and reducing - EarlySalary is unique in that it provides the cheapest personal loan interest rates based on your credit score, as well as if you don't have one. Furthermore, your interest rate is fixed for the duration of your loan and is not subject to change. As a result, you don't have to be concerned about interest rate fluctuations.

The interest rate is really reasonable, and if you borrow Rs.10,000, you will pay less than Rs.9 each day in interest. So if you borrow Rs.10,000 for 5 days, your interest will be Rs.45, which is quite reasonable.

  • Borrow Multiple Times - The customer has the option of borrowing the loan more than once. After 3 days from the repayment date, he can settle the active loan and apply for the next loan.
  • No Pre-Closure Charges - If a customer wants to close an active loan before the end of loan tenure, there are no pre-closure fees. Only the outstanding amount shown in the application must be paid by the customer.
  • Get Round The Clock Assistance - Customer service is available 24 hours a day, 7 days a week through the EarlySalary application.

Be it your dream wedding, or that long planned vacation, the much needed certification course, or an emergency medical procedure; EarlySalary Personal Loans is the simplest and quickest way to fund these. With a completely online loan journey, borrowers get high loan amount for the cheapest interest rates. Repay the loan at your comfort, within days or months. No need to go on for years.

FAQS

1. Can I get a loan of Rs.2 lakhs from EarlySalary?

Yes, EarlySalary offers loans starting from Rs.5000 and up to Rs.5 lakhs to eligible borrowers.

2. Can I get a personal loan with a monthly income of Rs.15,000?

Yes, you can get a personal loan on EarlySalary even with such a low income.

3. What is the interest rate on EarlySalary Personal Loan?

EarlySalary charges an interest rate of 18% - 32% on your personal loans. However, the interest is charged on a daily reducing balance basis so you can pay off the loan anytime during the tenure.

4. How much time does it take to get a personal loan from EarlySalary?

The EarlySalary loan application is designed to approve a borrower in 8 minutes flat. So basically, your loan process is completed within a few hours.

5. Where should I apply for a personal loan from EarlySalary?

You can apply either on the website or on the EarlySalary mobile app.

6. How does EarlySalary determine my loan amount and repayment tenure?

EarlySalary will assess your credit score and credit history to determine your loan amount eligibility.

7. Can I change my tenure in between?

You cannot change the tenure once the loan has been processed. So choose the correct tenure before the loan is processed and disbursed.

8.Why do I see Stamp Duty on my loan charges?

Stamp duty is a government fees that needs to be paid by every loan borrower. It is currently charged at 0.1% of the loan amount or Rs.100, whichever is higher.

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