Yes, EarlySalary does check your CIBIL™ Score to process your personal loan application. 

EarlySalary is an instant loan app that offers personal loans of up to Rs.5 lakhs to eligible borrowers. 

EarlySalary personal loans are available to borrowers who meet the following criteria :

  • Indian citizen
  • Above the age of 21
  • Salaried
  • Minimum salary of Rs.15,000 – Ra.18,000 (based on Metro or non-Metro cities)

The initial loan amount and interest rate are offered based on your credit score and other eligibility factors at the time of your application. You can request for a credit limit increase after 6 months of your last loan application. In the meantime, you should take necessary steps to improve your credit score and credibility so that you can get better interest rates. 

EarlySalary Loans Snapshot

Loan Types 

Instant Personal Loans

Shopping loans 

Salary Card

Education Loans

Loan Amount

Rs.5000 – Rs.5 lakhs

Interest Rate

1.5% – 2.5% 

Minimum Age Criteria

21 years

Minimum Salary Limit

Rs.18000 for metros

Rs.15000 for non-metros

 

A Few Easy Tips To Improve Your Credit Score

If you want to improve your credit score, there are a few simple steps you can take. It takes time and fiscal discipline. Many people find it hard but it is achievable. 

  • Paying loan EMIs and credit card bills on time Never pay only the minimum amount due
  • Maintain a credit card limit utilization of 60-70 percent or less
  • Check Your Credit Report on a Regular Basis
  • Avoid Unnecessary Loan/Credit Card Inquiries by Having a Good Mix of Credit Products
  • Keep a close eye on your credit score

Your credit score is a key parameter for any kind of credit. Be it loans, credit cards, or Buy Now Pay Later facility, every lender looks at your credit score before offering you credit. So you have to take diligent steps to improve your credit score.