For most youngsters in India, especially IT professionals, it is truly a dream come true to be able to live in Bangalore. Labelled as the Silicon Valley of India, Bangalore has much to offer, from unique and pathbreaking start-ups to high-end corporate jobs to the luxurious lifestyle and riveting culture.

Despite a promising livelihood, ensuring a comfortable lifestyle can be pretty expensive in such a metropolitan city. An instant loan in Bangalore can help reduce a salaried individual’s financial anxieties as it fills in for the monthly cash crunch.

At Early Salary, you can receive instant cash loans ranging from ₹8,000/- to ₹5,00,000/-. The interest rates are truly affordable, starting from ₹9/- per day on a loan of ₹10,000/-. Furthermore, you have the flexibility to choose the tenure of payment, spanning from 90 days to 2 years.

Advantages of Procuring an Instant Loan from Early Salary-

  • Digital Process

The digital aspect of Early Salary makes it a revolutionary loan lending platform. It is a one-stop credit suite, offering a hassle-free online process from start to end. The mobile application system is equally secure and user friendly.

  • Easy Eligibility

Any salaried individual between the ages of 21 and 55 years, with a monthly income of ₹18,000(for metro cities) and ₹15,000(for non-metro cities), is eligible for a personal loan. The candidate must be a resident of India.

  • Minimum documentation

Through a smooth online application process, you can avoid all the lengthy and complicated paperwork that is usually mandatory in banks and other NBFCs. At Early Salary, procurement of a loan simply requires submitting basic KYC documents.

  • Zero Foreclosure Charges

If you wish to clear up your debts before completing the previously agreed-up tenure, you simply have to pay the outstanding amount mentioned on your application. No pre-closure charges are applied.

  • Restriction-free Usage of Funds

When you procure a loan from Early Salary, you are not required to disclose the intended use of released funds. You enjoy complete liberty to spend the money as you wish.

  • EMI Calculator

Availing of the personal loan EMI calculator facility, you can compute the monthly instalments you will be paying as your EMIs. Since an automated system conducts the calculations, the numbers are trustworthy and accurate. You can instantly become aware of the estimated monthly payments by inputting figures such as the loan amount, tenure, and interest rate.

  • Repeat Loans

You can apply for a new loan as there is no restriction on the number of times you can request funds. However, you must repay your previous debt in its entirety and wait for three months after that.

Steps to apply for an Instant Loan at Early Salary-

  1. Open the mobile application and click on the “start” button.
  2. Fill in the required information.
  3. Upon approval, submit the KYC documents mentioned on the portal.
  4. You are all set! Upon assessing your application, the money will be credited to your bank account within minutes.

List of Documents needed for Loan Application-

  • PAN Card
  • Address proof
  • ID proof
  • Salary Slip of 3 months in PDF format (Not required for all customers)

Final Thoughts

Living in a city like Bangalore is as daunting as rewarding. By availing of urgent cash loans, you can stop worrying about the expenses of big city life and focus on the positive aspects. With Early Salary’s new credit scoring systems, more potential borrowers can use the instant loan facility in Bangalore. The amalgamation of traditional and new scoring technology has made it possible to come up with fresh risk assessment concepts that are better suited for young salaried professionals with limited financial assets. This will surely provide them with short term financial solutions.

Jack Sonamy

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