EarlySalary is an application for mobile devices that acts as a pay advance for its customers. It’s an online loan provider catering to salaried workers’ urgent requirements. It gives the loans to meet all needs, including last-minute rent payments or bill payments for utilities, buying, or medical emergencies. It assists people with immediate cash needs before receiving their monthly pay by providing them with quick short-term loans. The company’s primary goal is to help those who are in the middle of the month and at the end of the month with financial difficulties by offering small loans until their salary. EarlySalary gives loans up to the amount of Rs. 5,00,000 that can be repaid in a variety of repayment terms. The decision to approve loans is contingent upon the individual’s income, the eligibility of the applicant, and their credit rating.
What Are The Benefits Of Getting Loans From Early Salary?
- The procedure of signing up for EarlySalary or submitting an application for any other service is 100 percent digital.
- Documentation is the minimum requirement
- It is not a requirement to have collateral because it is based on your earnings and includes an automatic debit option.
- You can change your EarlySalary credit to one of three or six EMIs.
- The prepayment process is available at no cost. If you sign up for EarlySalary, You will be required to pay only interest on the amount you pay for the number of days.
- It is a transparent application process that lets you transfer funds directly to your bank.
- There are no long forms to fill out, and no paperwork is required.
- You can apply for repeat loans at any time.
What Are The Basic Eligibility Criteria Required For Applying?
The essential eligibility criteria which are needed to apply are:
- The applicant must also have an Indian citizen
- You have to be a salaried employee.
- A Google or Facebook account is required to sign up for the EarlySalary Instant Loan App
- You must be at least 18 years old minimum.
- The minimum income of 15,000 rupiahs per month if you are a resident of a non-metro city and a minimum of 18,000 rupees a month if you are a resident of an urban city.
What Are The Documents Required To Apply For An Early Salary Personal Loan?
The following are a few of the documents that are required to get the loan and then join EarlySalary:
- Pan Card
- Address document: rent agreement, water bill/electricity statement/gas bill (not three months old)/landlords electricity bill
- KYC Documents: Pan Card, driving license, passport, aadhaar card, voter ID.
- Income evidence: Bank statement and last three months’ pay slips.
How to Login on The EarlySalary App?
Download and access The EarlySalary App on Android or iOS through the Google Play Store or App Store. Additionally, you can sign on the web. After installing and following your EarlySalary App or web sign-up procedure, you can log in using the instructions below.
Step 1: Open the app and agree to every App consent and terms and conditions.
Step 2: Enter your registered mobile numberyour registered mobile number at the bottom of this screen.
Step 3. Fill in your cell phone number as well as the OTP.
Step 4: Next, you must log in to EarlySalary Mobile App. EarlySalary Mobile App.
The 5th step: If you want to sign-up on their website, visit their official website and sign-up using the steps below.
First, click on the “Instant Cash” tab.
Step 2: Click the “Apply for Instant Cash” button. You will be directed to a different page.
The new screen will open where you must enter your mobile number.
Step 3: Once you have entered your email address, click the box that says Terms and Conditions and then click the ‘Sign up Click ‘Sign Up.
Step 4: You’ll receive an OTP for your registered mobile number. After verification, you can fill in your professional, personal, and bank account details.
Step 5: Upon submission of the form, you’ll receive a link by which you can install the application on your mobile.
Step 6 6. Step 6: Download the EarlySalary mobile application using the link or Play Store.
Step 7: Log in to the application using your Facebook or Gmail account, and then fill in the required information, including the loan amount and repayment period.
Step 8: Add your required IDs to the application.
Step 9: Based on your social score and uploaded documents, the company will determine and notify you of the loan eligibility.
Step 10. Complete the loan contract.
Step 11: Lastly, the funds will be credited automatically directly to your bank account.
