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.
How to Apply for EarlySalary Instant Salary Advance?
- Visit the homepage of the company’s official website.
- 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.
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
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: