A Non-Banking Financial Company registered with the Reserve Bank of India (RBI). It was formed to provide easy financing services to various sections of the community. With strong leadership and a highly motivated team at the front backed by the latest technology, One of the fastest-growing NBFC which is changing the face of digital lending in India.
EarlySalary is an instant line of credit to young working Indians. EarlySalary is a pioneer in introducing instant loans & salary advances and has disbursed over ~ Rs.4,000Cr worth of loans on its platform and currently disbursed nearly 100,000 loans a month.
EarlySalary has raised multiple rounds of investment from global investors including Eight Roads (Fidelity) Ventures & Chiratae (IDG) Ventures and is considered one of the fastest-growing FinTech start-ups in India. With a clear focus on disrupting the finance and banking domain, EarlySalary has built a strong team focused on building Technology, mobile platforms, Risk & AI/ML models for better decisions and real-time lending.
As a full-stack lender, we manage both sides of the business building better technology and products for powering our lending platform and building ML models for better risk mitigation and giving real-time decisions to our customers. Our ML & Risk Analytics Stack & Practice is focused on building a better Risk Score Card & building a high amount of automation. EarlySalary is considered one of the fastest & most automated lenders in the Industry.
Adopting a new-age technology, EarlySalary Services Private Limited forayed into the digital lending business in 2017 to provide best-in-class service to our customers with the help of our Lending Service Providers. We use state-of-the-art technology which combines traditional credit scoring along with new social and online scoring technology-linked risk assessment concepts to create superior customer profiling. This new and innovative credit scoring system helps us to achieve sound underwriting and best-in-class risk management with the lowest pricing.
Products Offered:
Instant Cash Loans: Starting from ₹8,000 and up to ₹5 lacs, with flexible repayment tenure.
Buy Now Pay Later plans: Budget-friendly EMIs to manage finances efficiently.
Instant Salary Advance: Specifically designed to help employees.
Personal Loan: To cater to life upgrades such as skill development, home renovation, etc.
Financials – Key Takeaways:
INR 14,500 Cr AUM expected by FY27, driven by INR 44,000 Cr disbursements in that year
6.8% ROA expected on a steady-state basis
Co-lending hurdle rates averaging at 20%, no FLDG given
Credit costs averaging at 9% of AUM, peak PAR 90 < 4% of the disbursed amount, based on vintage analysis
NBFC leverage ~ 2.5 times. Adequate buffer available at parent company
Customer Reviews of Earlysalary Services Private Limited
- Fast and easy loan application process.
- Competitive interest rates.
- Good customer service.
Here are some potential benefits of investing in Earlysalary Services Private Limited NCDs:
Potentially higher returns: NCDs can offer higher interest rates than other fixed-income investments, such as savings accounts or fixed deposits. The specific interest rate for Earlysalary Services NCDs will depend on the issue details.
Tax benefits: In India, the interest earned on NCDs issued by certain types of companies (including NBFCs like Earlysalary Services) is taxed at a lower rate than bank fixed deposits. However, it is important to consult with a tax advisor to understand the specific tax implications for your situation.
Diversification: Investing in NCDs can help diversify your investment portfolio and potentially reduce your overall risk.
Key Terms of Issuance
| Rating | CARE BBB+ (Stable) |
| Issuance Size | INR 25 Cr |
| Coupon | 11.75% |
| Tenor | 24 months |
| Type | Senior, Secured, unlisted, redeemable |
What’s an NCD?
Imagine you lend money to a friend instead of putting it in the bank. You expect your friend to pay you back with interest at a certain time. A non-convertible debenture is like that but with a company instead of a friend.
Here’s the simple meaning:
You give money to a company.
The company promises to pay you back with interest at a set time.
You cannot trade this loan for ownership of the company.
So, it’s a way for a company to borrow money from you like a loan, and you earn interest for your investment.
What Does FINZACE Provide?
We at Finzace provide you with a platform to invest in NCDs of AKARA Earlysalary Services Private Limited and various NCDs with the best ROI (Return On Investment) with a very user-friendly platform starting @ 12% p.a. We are offering the best market ROI of Earlysalary Services Private Limited NCD @%12.10 p.a. Invest securely from our platform and enjoy high-interest returns.
Our investments in Earlysalary Services Private Limited NCDs start from 1,00,000/- per unit.
For our investor’s reference, we have provided the cashflow schedule for one unit of Earlysalary Services Private Limited NCD @12.10% p.a.
For more information download our app on:-
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