EarlySalary, a financial startup which provides support to the young employees is soon going to debut in Jaipur after successful launches in six cities.

EarlySalary.com, which is a Fintech startup, is soon going to make its presence in Jaipur. The Pink city will be their seventh destination after successful series of launches in Pune, Bangalore, Chennai, Mumbai, Hyderabad and Delhi NCR. The app for the platform is available on both Android & iOS mobile app platforms and within the short span of time, it has attracted half a million downloads. Today for nearly 35% of customers, EarlySalary is their 1st line of credit.

Akshay Mehrotra, Co-founder & CEO of EarlySalary, while commenting on the Jaipur launch said, “Jaipur is fast becoming a booming information technology corridor and an emerging new hub for job seekers. There is a demand for lifestyle oriented products & to fulfill the lifestyle needs there’s a need for a service like EarlySalary. And with this launch, we are happy to bring our innovative offering to young professionals of Pink City who would be needing a helping hand. Technology savvy people from Jaipur are our key customers and we are very enthusiastic and hopeful for the positive response here”.

The startup provides support to the young professionals who are facing the month-end financial crisis. It provides instant loans from as low as ₹8,000 up to ₹1 Lakh for up to 30 days only. Till date, the company has provided 25,000 loans to the needy employees.

It is an advance salary option which allows an individual to get an instant credit limit against his monthly salary and is available to him at anytime of the day or night. With just a tap, the advance salary will get credited to the Bank account of the beneficiary. For this, the firm charges a nominal cost of just ₹9 per ₹10,000 as interest which is nearly half of a credit card interest rate. Besides, it offers 3 EMIs options and up to ₹2 Lakh limit for its existing customers on their repeat loans. Apart, if we pay through EarlySalary on Amazon, then we can pay after 30 days with no extra charge.

Dr. Agarwal who has invested ₹9780 crore in the firm says, “We are happy to be associated with EarlySalary which aims to deliver a revolutionary new business model that is set to change the lending market in India. EarlySalary has always connected well with customers. With its launch in Jaipur, we are confident that the company definitely will make a difference in young working professional in the city’’.