The Major Products Offered by The Early Salary Are:: Unsecured Loans Are Surging in Popularity and May Other Topics
The Major Products Offered by The Early Salary Are:: Unsecured Loans Are Surging in Popularity and May Other Topics
The Major Products Offered by The Early Salary Are:: Unsecured Loans Are Surging in Popularity and May Other Topics
EarlySalary has a Blog page on their website which post articles to guide and educates people
with latest financial trends and what’s going around the financial sector or how unsecured loans
are surging in popularity and may other topics. Common problem of many people how impulsive
shopping is hurting their budget. The language and terms used there in the blog is easily
understandable and you don’t need in depth financial knowledge to understand what they are
saying. It is a good read to develop interest in finance for a beginner and acquire financial
knowledge.
The company currently operates only in tire-1 cities and there nearby areas in India. Such as
Delhi NCR, Mumbai, Pune, Hyderabad, Chennai, Bangalore, Kolkata etc.
The main competitor of EarlySarly are ZestMoney, Lendr which are based here in Indian and
Broadway Technology, ForUsAll these two are US based companies. So EarlySalary has both
domestic and global competitors. The Fintech companies are emerging very rapidly now a days.
To be in business the companies need to be dynamic with time and have a connect with their
customers beyond a certain level. This problem was seen during the recent Covid 19 pandemic
when the company posted that they are temporary not lending any loans due to Covid situation.
The customers were not happy with this decision of the company, this was the time when they
required financial help. Reading about their comments one can figure out that their customer
loose the trust that they have developed.
2. Shopping Loan
3. Travel Loan
4. Education Loan
Instant Cash: In case of emergency getting loans can be very difficult and time consuming.
EasySalary saw an opportunity to cater to this problem. Generally, young people don’t have
someone, form whom they can lend money as their peer group also have the same financial
condition. The bank loan would take plenty of paper works and time. This product solves the
instant cash requirement of the people in no time.
Shopping Loan: EasySalary provide no-cost or low-cost EMI loans for shopping in
collaboration with online shopping platforms Flipkart and Amazon. This kind of loan makes it
easy for users to make an instant purchase without restrictions and pay it back in easy no-cost
or low-cost 3-6 EMIs.
Travel Loan: The travel loan gives users the opportunity to travel now and pay back the amount
later in no-cost or 3-6 low-cost EMIs. The company has a tie up with MakeMyTrip to provide gift
vouchers for flight and hotel bookings.
Education Loan:
The platform plays the role of a friend to these working professionals from whom they borrow
money as per their needs. It provides a sense of security and a helping hand to fulfill the desires
of young people.
Training Course:
For School Students
Budgeting
Prioritizing
Saving
References:
https://www.earlysalary.com/
https://www.earlysalary.com/FAQ
https://www.earlysalary.com/blogs/factors-that-affect-your-personal-loan-interest-rate
https://www.google.com/amp/s/www.outlookindia.com/newsscroll/amp/earlysalary-launches-a-
new-tool-to-check-your-financial-wellness/1682139
https://www.earlysalary.com/blogs/debt-traps-in-2019-how-to-avoid-them
https://www.earlysalary.com/blogs/powering-financial-wellness-for-corporate-india-earlysalary-
employer-tie-ups