No one knows when you might encounter a financial crisis and require emergency funds. But it is essential to be prepared for such situations. In such situations, salaries only are not enough and you might require some additional funds. However, burning your savings doesn’t seem like a good idea. 

To tackle such situations, switching to advanced salary loan platforms and apps is advisable. These platforms as the name suggests offer advance salary before your paycheck to ensure that your expenses are managed efficiently. 

These platforms are designed to offer corporate employees an advance over their salary for effective financial management. Moving forward with this blog, we will discuss some of these platforms and how availing these salary advance loans can help you in effective financial management. 

Understanding Advance Salary Loans

Following the process of availing instant personal loan, these advanced salary loan platforms are designed to offer individuals quick access to funds without having to wait for their paychecks. These platforms ensure that you have enough money with you to manage all your expenses without having to burn your savings. 

Furthermore, these platforms are designed to work with minimum documentation, quick processing, low or zero interest rates, easy repayment plans, and the best offers in the market. All these factors combined can help individuals manage their funds and finances effectively without having to worry about getting their paychecks on time. 

Additionally, these platforms can ensure that all your savings are intact and all your expenses are managed. It adds to the level of comfort and convenience for the users to avail of these salary advance loan and ensure that they have funds for any emergency situations. 

Leveraging advanced technologies, these platforms have been designed to offer the users an enhanced experience of the app, while keeping the platform simple, easy to use, and user-friendly which further adds to the overall experience of availing the advance salary loan in time of need. 

 Process of Availing Salary Advance Loans

Moving forward with the discussion, let’s have a look at the process of availing these advance salary loans with various lenders available in the market. 

• Market Research

Since there are numerous partners available in the market, you are required to carry out thorough research to identify the best platform for yourself. Here you need to check interest rates, loan amount, loan tenure, and other factors before making a final decision. 

• Download the App and Register

Once you have picked a partner, download the app or access the platform online and add the required information and personal details for the app to proceed with your loan application. Here you are required to offer information such as name, date of birth, current address, current employer, salary per annum, and others for the processing. 

• Upload Documents

After adding your personal information you are required to proceed further with your loan application and upload the required documents. 

• Apply for Loan

Once done with uploading the documents you can submit your loan application for the approval and verification process. 

• Loan Approval

After a careful review of your application, your loan would be approved and the loan amount would be disbursed into your bank account for immediate use. 

• Repayment Plan

The most important plan is to ensure that you have a robust repayment plan in place to ensure timely repayment of the loan amount. 

Advance Salary Loan Apps

Moving forward, let’s have a look at some of the most common apps that are available that you can use for availing salary advance loans for emergency use. 

• EarlySalary

Being one of the most renowned and commonly used platforms EarlySalary offers the users with an option to avail advance salary loans with a credit limit starting from Rs 8000 and exceeding up to Rs 5 Lakh. 

Additionally, with EarlySalary you get a monthly interest rate of 3% along with a loan tenure ranging from 3-30 months. 

• FlexSalary

The next name in the list of platforms for availing salary loan advance is FlexSalary. As its name indicates it offers the users a flexible salary loan range to be availed in time of need. Furthermore, here the credit limit goes from Rs 500 to Rs 2 Lakh with an interest rate of 18-54% per annum and a loan tenure of 10-36 months. 

• PayMe India

Moving forward, we have PayMe India which offers a short-term advance salary loan to the users for emergencies. The credit range starts from Rs 500 and goes up to Rs 5 Lakh with an interest rate of 1.5% per month and a loan tenure of 3-24 months for the required flexibility to repay the loan amount. 

• KreditBee

Another name in the list is KreditBee which allows you to avail quick advance salary loan starting from Rs 1000 and going up to Rs 4 Lakh. Here you get an interest rate of 2.49% with a loan tenure of 3-48 months which further makes it convenient for the users to avail of these salary advance loans. 

FatakPay: Instant Loan Approval

Moving forward with the discussion, FatakPay is one of the most commonly used platforms today for availing instant personal loans. Here you get an easy loan approval process with minimum documentation, fast processing time, an easy repayment plan, and the best possible offers in the market to avail of these personal loans. 

Additionally, this platform is designed to offer users an easy loan application process and ensure they get an enhanced loan application process. For more details download the app today and avail your instant personal loan for financial emergencies and other requirements of emergency funds.