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If you need some funds instantly, you can always get an EarlySalary personal loan through Bajaj MARKETS. You can avail of these loans at an interest rate starting at 24%. But, you must note that the borrowing rate that will be applicable to you is going to be contingent on several factors such as your credit score, your repayment tenure, and your principal amount.

EarlySalary Personal Loan Interest Rate

Interest Rate

Starting from 24% p.a.

Maximum available loan amount

₹5 Lakhs

Maximum repayment tenure

2 years


EarlySalary Bank Personal Loan Interest Rates Comparison


24% p.a. onwards

Muthoot Finance

13.75% p.a. onwards


14% p.a. onwards


33% p.a. onwards


14% p.a. onwards

Bajaj Finance Limited

14% p.a. onwards

Axis Bank

10.49% p.a. onwards

Prefr Partners

21% p.a. onwards


14% p.a. onwards

Yes Bank

10.70% p.a. onwards


12% p.a. onwards


Factors Affecting EarlySalary Personal Loan Interest Rates

Some things that will affect the interest rates of your EarlySalary personal loan are:

Your income: Your monthly pay is one of the things that decides whether or not you will get an EarlySalary personal loan. The higher your monthly remuneration is, the higher are your chances of securing the credit. If your paycheck is on the lower end of the income criteria that has been specified, you will still probably get an EarlySalary personal loan, but perhaps at unfavourable repayment terms.

Your CIBIL score: Your CIBIL score is an indicator of your repayment capability and debt management skills. If your CIBIL score is 750 or above, it will give the lender the impression that you can repay your loan as per the terms that have been agreed upon. And, as a result, you may get the loan at a good interest rate. A lower credit score may still get you a personal loan, but you may get it at a higher interest rate.

Repayment tenure: Longer loan repayment tenures would automatically translate to a higher lending rate since such an act will make the lender second-guess overall repayment capability. But, a shorter repayment tenure would give the lender an impression of the fact that you are good for the money, hence EarlySalary may give you the same at a lower borrowing rate.

Principal amount: The amount that you borrow as an EarlySalary personal loan will also have a direct impact on your cost of borrowing the same. If you take up a large sum of money as one, you may have to pay a higher rate of borrowing as any lender thinks that the act of lending a large sum of money comes with a large risk of the borrower defaulting. But, since lending small loan amounts means a lower risk of defaulting for the lender, you may get a small personal loan at a much better borrowing rate.

Important Things to Know About EarlySalary Personal Loan Interest Rates

Two things you should know about EarlySalary personal loan interest rates are:

  • Know the type of interest rate your EarlySalary personal loan attracts: Two types of interest rates prevail in the market, namely fixed and floating rates. Under the fixed interest rate system, the interest payable by you remains constant throughout the course of your repayment tenure. On the other hand, under the floating interest rate system, your borrowing rate can change because of reasons either external to EarlySalary or internal. Hence, you must carefully choose between the two kinds of systems and then go with the one you would be comfortable with.

  • Interest rate is not the only kind of charge that is levied: Other than the borrowing rate, your personal loan attracts what is known as a late payment fee, a foreclosure fee in case you want to repay your loan before the tenure ends and a processing fee. We would advise that you must inquire with the lender about every such charge associated before making a decision of borrowing.

Frequently Asked Questions

✔️What is the interest rate applicable on an EarlySalary personal loan?

Interest on EarlySalary loans is charged at the rate of 2% per month (for tenor 12 months, 18 months, 24 months) or 2.5% per month (for tenor 3 months and 6 months), depending on the tenor.

✔️Is EarlySalary RBI approved?

Yes, EarlySalary is registered with the Reserve Bank of India (RBI). EarlySalary is also authorised to provide credit facilities to individuals.