You would like to read
- EarlySalary ties up HDB Financial Services Ltd to fuel growth in digital lending
- TMT Law Practice roars nationwide expansion across New Delhi, Mumbai, Bengaluru and Bhuvaneshwar
- Charcoal Eats launches Truffle Biryani
- invites cricket fans to The T20 Pavilion for an ultimate Cricket Stay
- Microland names Ashish Mahadwar as suntrust bank payday loans in potomac Chief Operating Officer
Pune (Maharashtra) [India], January 10 (ANI/BusinessWire India): India’s largest consumer lending platform for young professionals – EarlySalary has disbursed 2.5 million loans worth Rs. 5,000 crores since its inception.
The segment of young professionals is one of the fastest-growing segments in the economy. With less than 5 per cent of the market captured by traditional lends, it is safe to say that this segment is grossly under-served. EarlySalary identified this gap and is focused on creating a line of financial products that cater to all credit needs of this segment.
They offer loan options with minimal paperwork and instant approval. EarlySalary is committed to providing a seamless customer experience at affordable costs. By leveraging new-age technologies such as a proprietary ML algorithm and real-time analysis for decision making – it offers loans to its customers in seconds. The company has been successfully able to acquire and manage loans even new to credit customers. This is something that most traditional lending institutions haven’t been able to do.
The company had launched EarlySalary Credit Suite to create a comprehensive credit solution that helps its aspirational customers meet all their financial needs easily and help upgrade their lifestyle. The product offerings include convenient ( Instant loans & Salary Advances, ( Instant Personal loans of up to 3 years, a free credit score check, a ( SalaryCard for credit payments and a ‘Buy Now Pay Later’ feature across thousands of merchants.
EarlySalary operates with a fully digitized and instant decision-making system that allows its customers to borrow funds in seconds.