Instant Cash Loans, Personal Loans, Online Loan, Instant Personal Loans
First Instant Loan App in India
Loan amount: ₹ 8,000 - ₹ 5 lacs
Loan in just 10 minutes
Tenure: 3 – 24 months
100% digital process
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
• Salaried Individuals
• Above 21 years
• Minimum take-home salary per month ₹15K
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:
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.
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