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Unsecured personal loans are provided for personal use

These loans are provided at fixed personal loan interest rates throughout the loan tenure. With unsecured loans, as there is no collateral involved the interest rates tend to be higher as there is a risk involved for the lender. Be it a wedding or vacation or education or any other need, Earlysalary always offers you a helping hand in meeting your personal loan needs.

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Why Should I Choose Earlysalary?

Here are some compelling reasons why EarlySalary is the most suitable option when it comes to the instant personal loans:

Interest rates offered by Earlysalary for all the best personal loans We understand your needs when you run out of cash. We offer interest rates based on your credit score and our own formulated “Socialworth Score”. Also, the personal loan interest rates will not be changed (with the change in RBI interest rates), until the repayment of your loan, which you can prepay as per your convenience, no extra cost. You can use our Personal loan EMI calculator to know the interest rates.

Advantages of Instant

Personal Loans with ES

We understand your needs really well, that’s why we never ask you what do you need the money for.

1. No restrictions on usage of the loan amount – Unlike other loans (like a home loan), you are free to use the instant personal loan amount for any of your urgent requirements. Also, getting the best personal loan interest rates is easier. This is one of the best features of quick personal loans online.

2. No collateral requirement – If you are applying for quick personal loans online through Earlysalary, you need not pay or pledge for security to get the instant personal loan online (unlike the conventional way of collateral or security deposit).

3. Flexible repayment – You are absolutely free to choose the duration of the quick personal loans online but the main product is an enhancement to the salary and can be availed for a month. You can also opt to repay the amount whenever you feel like. To calculate personal loan interest rates use our personal loan EMI calculator.

4. Less documentation – With digital revolution and digital money, loan processing has become easier and less tedious, unlike it used to be in the past. You only need to submit basic documents and your loan is approved within minutes. For approved users, the disbursal happens in minutes.

5. Attractive and fixed interest rates – A unique feature of Earlysalary is that it offers the best personal loan interest rates based on your credit score and also, if you do not have one. Also, the interest rate is fixed throughout the tenure of your loan and is not subject to change. So, you need not worry about interest rate changes.

The interest rate is very rational and comes down to less than ₹9/day, so if you take Rs.10,000 for 5 days your interest will be Rs.45 which is quite feasible.

6. Tax benefits – Paying heavy taxes is one of the common worries of a salaried individual. Personal loans provide you with a tax-exemption of INR 1,50,000 under Section 24B. You can use this information while filing your IT-returns. You can reach Earlysalary for any tax related queries on your best personal loan. (You can also make use of Personal loan EMI calculator for any calculations).

How to Get Instant Personal Loan

How to Get Instant Personal Loan

1

Apply for Cash Loan

Once you have an approved EarlySalary limit, select Amazon as an option to use your limit to purchase Amazon gift cards

2

Select EMI option

Select from 1, 2 & 6 EMis as repayment options

3

Money Transfer to your Bank Account

Add the voucher to your Amazon Pay balance without having to place an order.

Eligibility Criteria

All you need to be eligible for a EarlySalary loan.

eligibility

Must be above 21 years and below 55 years of age

eligibility

Salaried individuals with a minimum salary of ₹22,000 (Metro Cities) and ₹20,000 (Non-metros)

eligibility

Must be a resident of India

eligibility

Must be above 21 years and below 55 years of age

eligibility

Salaried individuals with a minimum salary of ₹22,000 (Metro Cities) and ₹20,000 (Non-metros)

eligibility

Must be a resident of India

Documents needed for

personal loans at ES

Proof of Identity: PAN Card (any one)

Proof of Residence: Leave and License Agreement / Electricity Bill (not more than 3 months old) / Passport

Latest 3 months Bank Statement (where salary/income is credited)

Salary slips for the last 3 months or the 3 months bank statement

1 passport size photograph

Note – If you want quick personal loans online, all the document must be in PDF format and self-attested by the customer. No photocopies are allowed.

Personal Loan EMI Calculator

Skip the manual calculations. Use the EarlySalary EMI Calculator to accurately determine your repayment amounts, interest charges, and more.

EarlySalary's personal loan EMI calculator is your reliable tool to determine your loan EMI in just a few minutes and some simple steps. EarlySalary offers personal loan of up to Rs 5 lakhs with minimal documentation and quick processing. Coupled with interest rates as low as Rs 9/day, this is by far your most compelling credit option in the market. Calculate your monthly repayments based on your sanctioned loan amount and interest rates using this handy EMI calculator that's operate and easy to understand. With EarlySalary, you can even prepay your loan amount with no additional charges.

Loan Calculator
How much would you like?
Disbursement Amount
30,000
₹8,000₹2,00,000
TenureEMI Amount
0

Interest Rate % P.A
Stamp Duty ₹100

Security and confidentiality of personal details

Earlysalary processes all loans online. Below are a few major precautions that we at Earlysalary take for protecting your personal loan details.

1

Secure Socket Layer (SSL) Encryption

Provides secured login through https:// protocol. Our Personal loan EMI calculators are also protected and safe to calculate your personal loan interest rates.

2

2-Factor or Multi-factor authentication measures

Allows you to securely login using security questions or by the use of a security code sent to your registered mobile number.

3

Use of Cookies

No additional information is required every time you log in to Earlysalary.

4

Firewalls

Firewalls filter the unauthorized and unsecured data coming and going out of our servers.

5

Secured and Confidential Credentials

Earlysalary never shares your password with anyone (and neither should you).

Mistakes to avoid while applying for quick personal loans online

Today many online lenders are coming forward to offer quick personal loans online at attractive interest rates. It is always advisable to read the terms and conditions carefully for smooth and safe experience.

Below are a few things to consider, before applying for quick personal loans online.

Not checking your eligibility before applying – As you know, your loan approval is purely based on your profile details that you submit in your application. So, to get instant personal loan, make sure your profile has all details like your age, income, residential details, employment details, loan amount and tenure in place. Apart from these, make sure that you have all the necessary documents handy before applying for quick personal loans online.

Borrowing more than you need – Always borrow the amount that is sufficient enough to meet your current needs or requirement. Borrowing a loan amount that exceeds your repayment potential will make things difficult. But with EarlySalary, you don’t need to worry about it as there is no prepayment/foreclosure charges involved. You just pay for the number of days you use the money for.

Not maintaining good credit score – Credit score is an important factor that helps in determining the interest rate against your loan. If you have a good credit score, you can sit back and relax because your loan processing will be easy.

Ignoring or not reading the Fineprint – Earlysalary highly recommends reading the Fineprint and disclaimer thoroughly before applying for the loan. Few of the Fineprint details that you must know are:

Forgetting your repayments on time – Now that you are aware of how easy it is to get instant personal loan approval online, the next part is bearing in mind not to ignore or forget to repay your interest on time. This is common if you are borrowing for the first time. This also adversely affects your credit score in getting the best personal loans for future use as each and every loan transaction is recorded in your credit report. So, set up regular reminders in your calendar or mobile to pay your interests on time.

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Frequently Asked Questions

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The industry recognises us as much as our customers love us! EarlySalary has been featured in multiple leading publications, documenting our efforts in making credit accessible to you!

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