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The Easiest Way To Avail A Personal Loan For A Self-Employed Individual

Personal loans are unsecured loans designed to help you meet short-term financial needs. They can be used for a range of purposes, including shopping online, buying a car, making home improvements. Starting a business, and more. When you apply for a personal loan the lender reviews your credit background and current income to determine your eligibility. And determine an amount. Unlike other forms of unsecured loans, such as credit cards, personal loans don’t require. You to pay interest until after you’ve borrowed the money.

There are dozens of lenders ready to give you a personal loan online. But how do you find one that’s both trustworthy and grants instant loan approval? Enter EarlySalary, one of the frontrunners in the online personal loan category. 

Instant Loan Approvals With EarlySalary

With EarlySalary you can apply for personal loans online and get instant loan approval. Their easy to meet eligibility criteria and instant loan approvals. Make them the premier choice when it comes to applying for personal loans online. 

If you’re a self employed individual you can easily apply for a personal loan online with EarlySalary. With next to no paperwork required. All you need to qualify for a loan is to be a resident of India. Between the ages of 21 and 55 and have a minimum salary of ₹18,000 for a metro city and ₹15,000 for a non-metro city.

Unlike other banks and financial institutions that require you to meet multiple criteria, these three are the only requirements EarlySalary. Asks of you. After ensuring that you fulfil these requirements, all you need to do is provide a few documents. And in ten minutes, you’ll receive your instant personal loan with minimal hassle.

Documents Required

Even though the documentation requirements are relaxed they are not absent. It is fairly easy to submit these documents to the loan application. All you need to submit is a selfie for photographic proof and identity proof (Aadhaar card, Passport, PAN card, driving license etc.) and an address proof (Passport, Aadhaar card, rental agreement, voter ID, etc.). You also need to submit proof of income. Which can be either bank statements or salary stubs for the past 3-6 months.

After submitting the documents to your application, just sit back and relax. While your loan gets instant approval, within 10 minutes at most. With EMIs starting at ₹7/day, EarlySalary is the quickest and most affordable way to apply for personal loans online.

Application Process

Like the documentation and eligibility criteria, the application process is quick and easy. The application process consists of just three steps, registration, approval and transfer.

Registration

To apply for the loan you first need to register on the EarlySalary. App or you can also register via the website. Fill in the basic details that you need to set up an account and proceed to the next step, approval.

Approval

Getting your instant loan approval is now a piece of cake. Your initial account approval will take less than five minutes and when completed. You just have to submit your KYC documents as mentioned above (selfie, identity proof, address proof and proof of income) and your loan will get approved instantly. Now comes the final step, transferring your loan amount.

Transferring Loan Amount

Once your KYC process is completed, specify the amount of money you’d like as a loan and wait for the loan to be approved. The entire process does not take more than 10 minutes as a whole. Plus, the EarlySalary support team is available on call 24/7.

Conclusion

As you can see EarlySalary offers instant loan approvals for personal loans at great rates and great convenience and security. If you feel confused about interest rates and payment schedules, there’s an interactive calculator to set your fears to rest right here. Apply for instant loans online with EarlySalary – the leading digital lending portal in India.

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