• EarlySalary Short Term Loans

    EarlySalary offers small bridge loans through a mobile app-based platform to its customers who have exhausted their salaries, to help see them through until their salary for the next month is credited. In addition to salaried employees, this scheme can be availed by self-employed individuals as well as business corporates to receive a cash advance in order to meet their urgent credit needs.

    Similar to EarlySalary Short Term Loans we can opt personal loan

    Interest Rate 2.5% per month
    Minimum Loan Amount Rs.8,000
    Maximum Loan Amount Rs.1 lakh
    Repayment Tenure 7 days to 43 days
    Overdue Interest 30% p.a. on total overdue amount on a daily basis
    Processing Fee
    • For loan amounts between Rs.8,000 and Rs.10,000: Rs.150 on first loan, second loan, and subsequent loans
    • For loan amounts between Rs.10,001 and Rs.30,000: Rs.300 on the first loan, Rs.150 on second and subsequent loans
    • For loan amounts between Rs.30,001 and Rs.60,000: Rs.600 on the first loan, Rs.250 on the second and subsequent loans
    • For loan amounts between Rs.60,0001 and Rs.1,00,000: 1% of the loan amount on first loan, Rs.300 on the second and subsequent loans
    Late Payment Charges 3% per month on the amount due, subject to a minimum of Rs.500

    How to Apply for EarlySalary Instant Salary Advance?

    • Visit the homepage of the company’s official website (https://www.earlysalary.com/).
    • Under the ‘Explore Products’ tab, you will need to click on the ‘Instant Salary Advance’ icon.
    • Then click on the ‘Read More’ section to be redirected to a new page. You can hit on the ‘Start Your Application’ button to begin the application process.
    • You will be redirected to a new window that will ask you to enter your mobile number. Once you do so, you can agree to the terms and conditions and click on the ‘Sign Up’ button.
    • You will then receive an OTP to verify your mobile number. Once your mobile number is verified, you will be asked to fill up your personal, professional, and bank account details.
    • Once the form is submitted, you will receive a link to download the app on your mobile phone.
    • Download the EarlySalary mobile app using the link or directly from the App Store for iOS devices.
    • Login to the app using your Facebook account and fill in details such as loan amount and repayment tenure.
    • Next, you can upload the required documents in the app.
    • Based on your social score and supplied documents, the company will calculate and inform you about your loan eligibility.
    • A company representative will arrive at your doorstep to get your signatures on a few documents.
    • Finally, the funds will be transferred electronically to your bank account.

    Eligibility Criteria

    The ‘Social Worth Score’ of the applicant will determine his/her eligibility for the salary advance loans and therefore, applicants are recommended to update their Facebook and LinkedIn accounts before applying for a loan. Apart from the ‘Social Worth Score’, the eligibility criteria that applicants need to fill are as follows:

    • Must be a salaried Indian Citizen
    • Minimum age of the applicant should be 21 years
    • The applicant should earn a minimum of Rs.20,000 per month

    Documents Required

    EarlySalary does not require borrowers to submit any original or photocopies of documents. All that applicants need to do is upload a selfie and images of the below-given documents:

    • PAN Card
    • Aadhar Card/Passport/Driver’s License
    • Cancelled Cheque Leaf of the salary bank account
    • Bank statement of the salary account of 3 recent months in a pdf format

    The images of the Aadhar/Passport/PAN/Driving License can be uploaded in a .png or .jpeg format.

    Features and Benefits

    If you are in dire need of cash but have exhausted your salary before the next salary credit, you can secure a salary advance from EarlySalary.com to meet your urgent financial requirements. Read about the features and benefits of this scheme mentioned in the list below to know why you should opt for this salary advance scheme:

    • Customers can get access to quick funds for an emergency financial crisis until their next salary is credited.
    • The credit application process of this scheme is simple, transparent, and done without any hassle.
    • Under this scheme, the borrower has to provide minimal documentation to get his or her loan application approved.
    • This loan can be applied through a user-friendly, mobile app-based platform.
    • This credit advance is offered to salaried employees, self-employed individuals, and corporate employers. Salaried professionals and self-employed persons can avail this benefit to meet their personal needs before they receive their salary in the next month. On the other hand, employers can opt for this scheme to offer salary advances to their employees without having to use the company’s working capital, thereby, maintaining a healthy cash flow.
    • Credit advances under this scheme are offered at very low interest rates.
    • The entire process, from application to repayment, is extremely secure. Therefore, borrowers can be assured that all the information they provide the organisation will be handled properly.
    • Borrowers do not have to do any paperwork in order to apply for this scheme, thereby, saving a lot of time.
    • Under this financing plan, the loan application might be approved, and the funds disbursed within the same day the loan is applied for.
    • Employers availing a credit advance through this scheme might be eligible for corporate discounts.

    Contact Details of EarlySalry

    You can get in touch with EarlySalary through one of these mediums:

    Customer care number 020 67639797
    Customer query email ID care@earlysalary.com
    Level 1 escalations email ID complaints@earlysalary.com
    Level 2 escalations email ID grievance@earlysalary.com
    Corporate enquiries email ID pr@earlysalary.com
    Office address EarlySalary.com,
    Office no. 404, The Chambers,
    Clover Park, Near Ganpati Chowk,
    VimanNagar, Pune,
    Maharashtra – 411014
    Working hours Mon - Fri: 10:00 a.m. to 6:00 p.m.


    1. Is EarlySalary an NBFC or a bank?
    2. Neither. EarlySalary is a fintech firm that acts as a bridge between salaried individuals in need of urgent funds and lenders who are either banks or Non-Banking Financial Companies (NBFCs). Simply put, it is a digital platform that has partnered with banks/NBFCs to offer short-term cash advance loans to salaried individuals.

    3. How many loans can I take at a time or in a year?
    4. At the moment, EarlySalary offers only one loan at a time but in a year, it allows any number of loans provided that there is at least a 5-day gap between the repayment date of your existing loan and the date of application of your next loan.

    5. Is there any facility to top up my loan account?
    6. Unfortunately, there is no facility of top-up offered on your loan account currently. However, it allows you to avail a new loan by prepaying your previous loan at no additional cost.

    7. How do I repay my loan?
    8. Repayment of the loan can be done through the mobile application of EarlySalary anytime. Additionally, you can also choose to get the repayment amount deducted automatically from your salaried bank account through ECS or NACH (National Automated Clearing House) on your due date. Just ensure that your bank account has enough funds on the date of repayment.

    9. Is EarlySalary available in my city?
    10. Currently, EarlySalary is operational in the cities of Hyderabad, Pune, Chennai, Jaipur, Ahmedabad, Delhi NCR, Mumbai, Bengaluru, Vishakhapatnam, Mysore, Chandigarh, Coimbatore, Vijayawada, and Mangalore. If you reside in any of these cities, you can avail the benefits offered by EarlySalary.

    11. Do I have the option to repay my loan earlier?
    12. Yes, you can. In fact, prepaying your loan will save you money as there are no prepayment charges as of now and you will be liable to pay charges only on the amount outstanding. Prepayment can be done anytime through the mobile app by clicking on the ‘Repay’ button. You can avail the Netbanking facility enabled on your bank account to make the prepayment.

    13. Can I extend my repayment date?
    14. Unfortunately, you cannot extend the repayment date of your loan. You will have to make the repayment on the due date only. Remember that failure to repay on the due date will affect your credit scores in a negative way and hamper your future chances of getting loans.

    15. What if my salary bank account does not have sufficient funds on my repayment date?
    16. If your salary account has insufficient funds on the repayment date, you will be liable to pay the penalty charges on the NACH/ECS per bounce instance. You may also have to pay interest on the delayed payment.

    17. Can I refer my friends to EarlySalary?
    18. Definitely. We encourage you to refer your friends and as an incentive, you will get a discount of Rs.200 on your loan for every friend you refer. The friend you refer will also get Rs.200 off when he/she avails their first loan.

    19. How do I get in touch with EarlySalary in case of queries/issues?
    20. Getting in touch with EarlySalary is easy. Through its mobile app, you can get your queries answered using the chat option available. You can seek email support at care@earlysalary.com and also call them on 020-67639797. The call facility is available from Monday to Friday (10:00 a.m. to 6:00 p.m.) and Saturday from 10 a.m. to 3:00 p.m.

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