Instant Personal Loan App

2.12L reviews
Content rating
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About this app

Instant Cash Loans, Personal Loans, Online Loan, Instant Personal Loans
First Instant Loan App in India
Key features
 Loan amount: ₹ 8,000 - ₹ 5 lacs
 Loan in just 10 minutes
 Tenure: 3 – 24 months
 100% digital process
 Minimal paperwork
 Minimum household income*: ₹ 3 lacs
× No collateral required
× No pre-closure charges
EarlySalary is one of the most trusted lending apps
• ₹ 5,400+ crores worth loans disbursed
• 24 lacs loans disbursed
• 5 lacs+ happy customers
Here’s an example on how loans from EarlySalary work
• Loan amount: ₹ 50,000
• Processing fee: ₹ 1,770
• Total Loan amount: ₹ 51,770
• Interest: 26% p.a. (on reducing principal balance interest calculation)
• Tenure: 12 months
• Your EMI: ₹ 4,946
• Total Amount to be paid: ₹ 4,946 x 12 = ₹ 59,252
• Total interest paid: ₹ 59,252 - ₹ 51,770 = ₹ 7,582
• Total cost of loan: ₹ 7,582 + ₹ 1,770 = ₹ 9,352
👍Eligibility Criteria
• Salaried Individuals
• Above 21 years
• Minimum take-home salary per month ₹15K
📑Documents Required
EarlySalary aims to be one of the most user-friendly Instant Personal loan apps in India.
• Aadhaar card
• Salary Account bank statement

📲How to apply?
1. Login to the EarlySalary app.
2. Fill in some basic details and upload few documents.
3. Choose the loan amount and tenure.
4. Get the money transferred to your account in 10 minutes.

Interest rates and other charges
Below is the applicable fees and charges for loan products from EarlySalary:
Charges Amount
Interest rate:Starting ₹ 7/day
Processing fee:Up to 3% of the loan amount
Bounce charges:₹ 500
Late payment charges:₹ 500/3% of the loan amount whichever is higher as per overdue amount
Stamp duty:0.1% of loan amount
Mandate rejection charges:₹ 250 + GST
Pre-closure charges:₹ 0

A penalty is charged only when someone delays their scheduled payment. In addition, GST will be applicable only on the fee components as per Indian laws. All the customers are made aware about details regarding fees and charges through the agreement which is shared on their registered email ids, also the customers can access their loan details 24*7 through our App.

About EarlySalary
EarlySalary App is owned by Social Worth Technologies Private Limited who facilitates Lending related services primarily through our in-house RBI registered NBFC, EarlySalary Services Private Limited (Formerly known as Ashish Securities Pvt. Ltd.),. It is one of India’s leading digital lending apps focused on young, aspirational and tech-savvy Indian consumers. It is a financial ecosystem that enables the mid-income group to upgrade their lifestyle. It hosts an array of financial products like short-term Instant Cash Loans, long-term Personal Loans, Buy Now Pay Later plans and the SalaryCard. EarlySalary offers a 100% digital loan application process that takes just minutes to complete.
Our lending partners:
• Earlysalary Services Private Limited
• Northern Arc Capital Limited
• Incred Financial Services
• HDB Financial Services
• Vivriti Capital Limited
• Kisetsu Saison Finance (India) Private Limited
• Piramal Capital and Housing Finance Limited
• Aditya Birla Finance Limited
Updated on

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region and age The developer provided this information and may update it over time.
This app may share these data types with third parties
Location, Personal info and 3 others
No data collected
Learn more about how developers declare collection
Data is encrypted in transit
You can request that data be deleted
2.12L reviews
kamlesh yadav
24 June 2022
It is not a loan giving app it's a scam. Once they collect all your data you can't do anything. I haven't taken loan from them I wanted to delete my profile from their database but I have no option to do that. I mailed them they keep saying that they had deactivated my account from there end but I was not logged out of my account. They keep leing but neither they deleted my account nor deactivating it. Never take loan from them.
194 people found this review helpful
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Manu Krishnan
15 June 2022
This is one of the worst loan apps i have ever seen....even after updating all the details and setting up the smart repay they are just showing ur application is complete and can disburse the amount but am unable to withdraw the be quite frank , worst experience...don't even know how to contact their customer care service as well
35 people found this review helpful
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Smriti Kumawat
4 June 2022
This is just plain Stupid. I tried to check my elgibility criteria last year and it rejected. I uninstalled the application. This year I have changed my office and tried again by installing this application and it still shows rejected. How stupid is that, That you say to check after 3 months and I coming after an year almost and still see same message. It means its just Fraud. Shame on you
374 people found this review helpful
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What's new

1. To enhance the Instant Loan Experience we have made our app journey smoother.
2. Stay connected with our new product launch and existing product enhancements with our all-new Blog section been included in the App.
3. Now our customers can opt-in for Instant Loan up to 5L and choose from EMIs up to 24 months.
4. Our newly launched Salary Card comes with a guaranteed offer which our customers can get after each transaction.