EarlySalary loan App Description
EarlySalary loan app is a mobile based Instant Personal Loan app
Applicant can apply for a Personal Loan up to Rs 5,00,000 anytime from anywhere.
The applicant can apply only online, on approval of the loan after the apps verification formalities the fund is immediately transferred to your bank account.
Eligibility and benefits
- All indian Citizens are eligible to apply for loan from EarlySalary app
- even people with low credit history or without a credit history can apply
- Decision about loan sanctioning don’t take more than 5 minutes.
- On approval of the loan sanctioned amount is immediately tansferred to the applicant bank account.
- EarlySalary offers convenience of multiple repayment methods
- if the Loan is returned before the time its been taken for their is no penalty imposed on the borrower.
EarlySalary loan app -Loan availibility and interest charges
- Applicant can apply for the loan amount from as low as Rs 3000 to Maximum of Rs5,00,000
- Tenure-minimum time for which the loan can be taken is of 90 days and maximum time is 1 year
- Interest charges-maximum annual interest rate is 30% per annum
How EarlySalary loan app works
step 1– Install EarlySalary Loan app from Google Playstore
step 2 register yourself via your Mobile
step 3 Fill the information required and upload the relevant documents
step 4– e-sign the agreement
step 5– Get cash on approval
Documents needed for EarlySalary Loan app
- Aadhaar card(its for your address proof verification)
- Pancard(Identity Proof)
- A bank account to transfer the fund and future interactions.
- A selfie to be taken and submitted via your mobile
Pros and cons
EarlySalary Loan app provides fast and secure Loan within a short span of time.
the interest rate charged is very high
Must read:GotoCash instant loan app
Must read: CapitalNow loan app
Conclusion
EarlySalary is an user friendly Loan app with instant solution to the fund requirement .
heavy interest rate and short term loan period are two disadvantage of opting for it, its advisablt to caompare it with other app and then apply for the Loan.