EarlySalary Personal Loan Review | Get Instant Loan Up to Rs. 5 Lakh

EarlySalary Personal loan, how to apply, EarlySalary Loan interest rate, fee & charges, documents required, eligibility criteria

There are various loan applications in the market, that provide you loans as per your requirement. EarlySalary is one of them. As the name suggests “EarlySalary” means you are getting your salary before the date.

EarlySalary is an online lending platform that offers loans and various types of financial products for salaried professionals. you can use personal loans for medical emergencies and expenses, pay off bills, vacation, renovate your home, and a lot more.

Loan App NameEarlySalary
Loan AmountRs. 8000 to Rs. 500000
Loan Tenure90 days to 24 months
Interest Rate1.5% to 2.5% per month or starting from 18% p.a.
Processing Fee2% of the loan amount

EarlySalary Products

Short Term and Long Term Personal Loan: Get salary up to Rs. 5 lakh, Choose your amount, tenure ranging from 3 months to 24 months, and get the cash in your bank.

No Cost Shopping Loan: EarlySalary helps to upgrade the customers’ lifestyle with Zero Cost. you can choose Amazon, Flipkart, and Makemytrip vouchers from the app and get a loan at Zero Cost EMI.

Free Education Loan: you can learn new skills without any cost. At EarlySalary you can now avail EarlySalary education loan assistance for free.

SalaryCard: A digital card that enables customers to choose EMI tenure. additionally, it comes with super exciting Rupay offers.

EarlySalary Personal Loan Features & Benefits

  • It offers loan amount from Rs. 8000 to Rs. 500000.
  • Flexible repayment tenure from 90 days to 24 months.
  • No prepayment charges. just pay according to the number of days you use the cash.
  • The personal loan application process is online and can be completed within minutes.
  • Loan disbursal is very quick. you can get the loan amount within 10 mins to your bank account if your documents are all correct.
  • EarlySalary group owns “EarlySalary Services Private Limited an NBFC duly registered with Reserve Bank of India.

EarlySalary Personal Loan Eligibility Criteria

  • Applicant must be an Indian Citizen.
  • You must be over 21 years or above.
  • You must be salaried employee.
  • Applicants must have a minimum salary of Rs. 15000 to Rs. 18000 depend on your current location.
  • Your Bank customer ID/CRN Number/CIF Number is required.
  • Net Banking is required.

Documents Required For EarlySalary Personal Loan

  • Selfie as a proof of your photograph.
  • PAN Card
  • Address proof (Passport/Driving License/Voter’s Identity Card or Utility Bills i.e. Electric/landline phone bill/ Gas Bill (not more than 2 months old).
  • Aadhaar Card
  • Last 3 months salary bank statement.

How to Apply For EarlySalary Personal Loan?

  • Download and install Personal Loan & Salary Advance App – EarlySalary on your phone.
  • Register and log in to the app.
  • Enter your personal details, professional details, current residential address and click on the Proceed button.
  • On the next screen click on the Continue button. you can choose your bank from the drop-down. click on Confirm Salary Bank Details.
  • Now, verify the banking details using your bank customer ID/CIF/CRN and net banking Password. click on the Next button.
  • Next, upload 3 months bank statement and proceed.
  • Now you need to complete KYC by uploading the documents image like PAN card, Aadhaar card.
  • Now specify your personal loan details such as amount, tenure etc.
  • After uploading all these details your loan application will be verified.
  • If all the documents are correct and you meet all the eligibility criteria ,your loan application will be approved and loan amount will be credited to your bank account within 10 mins.

EarlySalary Loan Repayment

It loan EMI will be auto-debited from your bank account. EarlySalary provides various methods to repay your loan like Debit cards, Net Banking, UPI, Mobile Wallets.

EarlySalary Interest Rate, Fees & Charges

Fee & ChargesAmount Chargeable
Interest rateStarting from 18%
Processing fee2% of the loan amount + GST
Stamp DutyIt is a government tax. the amount charged is 0.1% of the loan or Rs. 100 whichever is higher.
Prepayment/foreclosure chargesNIL
Late repayment chargesUp to 3% per month on the amount due

EarlySalary Personal Loan Pros & Cons

Online application processThe minimum income threshold should match
The amount is credited within 10 minsProvides personal loans to salaried professionals
Various methods of loan repaymentSocial media account must be available
In partnership with the RBI registered NBFCCredit score must be good
No foreclosure charges
No collateral required

Is EarlySalary App Safe and Legit?

Yes, It is completely safe and secure. EarlySalary group owns “EarlySalary Services Private Limited formerly known as Ashish Securities Pvt. Ltd.”, an NBFC duly registered with Reserve Bank of India. It gives a sense of trust.

All the transactions are secured via 128-bit SSL encryption. Data is transferred over secured connections with the consent of borrowers.

EarlySalary Customer Care Details

Contact TypesEmail/Phone/Address
EarlySalary customer care number020-67639797
EarlySalary email IDcare@earlysalary.com
EarlySalary official addressEarlySalary
Office no. 404, The Chambers, (Samrat Chowk)
Clover Park, Near Ganpati Chowk,
Viman Nagar, Pune,
Maharashtra 411014
Working hoursMonday to Friday (9 am – 7 pm)
Saturday (10am – 2pm)


EarlySalary is a genuine loan app provider. you can use this app to get an instant loan. moreover, it is in partnership with an NBFC registered with the Reserve Bank of India (RBI).

Besides the interest charges, there are other charges involved like, processing fees, late payment fees, etc. Make sure you read the necessary terms and conditions of the contract of information available on the lender’s website before you apply for a loan.

Read Also


1: What is the interest rate on an EarlySalary personal loan?

The interest rate will start from 18% p.a, depending on your loan tenure and credit score.

2: Can I change my loan tenure after getting a loan?

Unfortunately, you can not change the tenure after taking a loan.

3: How much time it will take to complete the EarlySalary loan application process?

It will take around 8 minutes to complete the loan application process.

4: How to know my EarlySalary loan application status?

EarlySalary will send you an email and SMS to keep you notified. you can also check the status by logging into the app or website.

5: Can I skip social login in EarlySalary?

No, If you do, you will not be able to apply for a loan.

6: My loan application is rejected. when I can apply again?

If your loan application is rejected, you can re-apply after 90 days.

7: How long EarlySalary will take to credit the loan amount?

If your all documents are proper and you meet EarlySalary eligibility criteria, after approval, the loan amount will be transferred within 10 minutes.

Leave a comment