Finance

18 January 2022

Highlight: EarlySalary is a friend indeed that helps its friend in need. Check your eligibility, comply with a few steps and get instant approval in no time.

Made in India, EarlySalary is a mobile-based application that acts as a salary advance of sorts for its users. An online lender that facilitates young professionals with their short-term money needs aids in meeting the urgent cash requirements before people get their monthly salary.

Its main objective is to help individuals who face month-end and mid-month financial crises by providing them small loans until they get their salaries. EarlySalary offers loans up to Rs. 5,00,000 with the flexible repayment tenure. Approval of loans is subject to an individual income, eligibility, and credit score. 

Benefits of teaming up with EarlySalary?

• The process of applying for any services or signing up with EarlySalary is 100% digital with minimum documentation.
• No collateral is required as it is based on your salary and comes with an auto-debit option.
• You can convert your EarlySalary credit into 3 or 6 EMIs.
• Prepayment is available at zero charges. When you sign up with EarlySalary, you will have to pay interest only on the amount outstanding you use for the number of days.
• It follows a transparent application process where one can transfer money to their bank instantly.
• No long forms and no paperwork involved. 
• Apply for repeat loans anytime.

How to Login on the EarlySalary Portal/App?

EarlySalary can be easily accessed and downloaded on Android or iOS via the Google Play Store or App Store. You can also log in via the web.

After installing and completing the EarlySalary App or web sign-up process, you can log in as follows:

Step 1: Launch the app and agree to all App permissions and terms and conditions. Next, input your registered mobile number on the subsequent screen.

Step 2: Enter your mobile number and the OTP. You can then log into the EarlySalary Mobile App.

If you wish to sign-up through their website, you may visit the company’s official website and follow these steps.

Step 1: Click on the ‘Instant Cash’ tab.

Step 2: Select the ‘Apply for Instant Cash’ button, redirecting you to a new page.

You will be forwarded to a new window where you will have to enter your mobile number.

Step 3: After entering your number, tick on terms and conditions followed by the ‘Sign Up’ button.

Step 4: You will then receive an OTP on your registered number. Once verified, fill in your personal, professional, and bank account details.

Step 5: On submitting the form, you will receive a link to download the app on your mobile phone.

Step 6: Download the EarlySalary mobile app using the link or directly from the Play Store.

Step 7: Log in to the app using the Facebook or G-Mail account and fill in particulars such as loan amount and repayment tenure.

Step 8: Upload the mandatory IDs in the app.

Step 9: Based on the social score and uploaded documents, the company will calculate and inform you about the loan eligibility.

Step 10: Sign the loan agreement.

Step 11: Finally, the funds will be transferred automatically to your bank account.

What Documents would be required to Apply for an EarlySalary Personal Loan?

EarlySalary carries out transactions with minimal documentation and maximum output. It may require prospective borrowers to submit additional documentation on a case-by-case basis.

These are the following documents you’d require to apply for a loan and sign up with EarlySalary:

• PAN Card
• Address proof: Rent agreement and landlords electricity bill, landline bill/ mobile postpaid bill/ water bill/ gas bill (not three months old)
• KYC documents: PAN Card, Passport, Aadhaar Card, DL, Voter ID Card.
• Income proof: Bank statement/Last three months’ salary slips.

Other Important Aspects:

• Check your credit score: It is essential to check your credit score before you apply for a personal loan, as a healthy credit score helps in the smooth approval of your loan application at a lower interest rate.
• Check your repayment ability: With the help of the EarlySalary Personal Loan EMI Calculator, you can evaluate the EMIs that you would be paying if you apply for a personal loan. It helps you to know your repayment ability, and you only borrow what you can quickly repay.
• Do not apply with multiple lenders: If you apply with multiple lenders simultaneously, this might decrease your credit score and may lead to the rejection of your personal loan application.

To witness the phenomena yourself, download the EarlySalary app here, or visit our website and be a part of the #OneSmallStep experience.

Or reach us out at our socials!

– Our Facebook Page
– Our Twitter Page
– Our Instagram Page
– Our LinkedIn Page