You can get an instant personal loan from EarlySalary even with a low CIBIL™ score. 

Despite the fact that the market is saturated with instant loan apps, EarlySalary is the market leader in providing instant loans to applicants with a low credit score or CIBIL™ score.

Here is a snapshot of the EarlySalary  instant personal Loan Product – 

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

 

EarlySalary screens applicants using a fully technological approach. They evaluate your creditworthiness and approve your loan using their proprietary Social Worth Score calculator, which considers thousands of demographic and financial health factors. Your credit limit and interest rate are also determined by this score.

As a result, people with low or no CIBIL™ scores can get a loan from EarlySalary.

Here are the other eligibility criteria to get a loan from EarlySalary – 

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

Because you do not have a CIBIL™ score, the initial loan amount and interest rate are determined based on other eligibility factors at the time of your application. After 6 months from your last loan application, you can request an increase in your credit limit. Meanwhile, you should take the necessary steps to improve your credit score and credibility in order to qualify for better interest rates.