You could be granted a loan of one hundred thousand in 10 minutes if you have a Facebook account

You could be granted a loan of 1 lakh in 10 minutes if you have a Facebook account

If you are doing a job and you are on LinkedIn and Facebook, you can easily get a loan and for that you don’t have to do any paper work. A Pune based company called Early salary has launched a mobile app by which you can get the loan.

Youth is the target

Akshay Malhotra, the CEO of Early salary told that this app Is made keeping youth in focus. He said that now a day, salary is less and expenses are more. So to bridge the gap between income and expenses, this app is designed.

Get the loan processed in 10 minutes

After downloading this app, one can apply for the loan. You don’t have to undergo any paper work as the company checks how active you are on Facebook and Linkedin and based on that loan is processed. The more you are active on social media, the lesser the interest rates would be

Documents required

To get loan from early salary, you should have Facebook id, Linkedin id and pan number and 3 months of you bank statement.

Loan duration

The loan duration would be up to 30 days.  The interest rate would be ideally around 2.5 %

Writeen by- Sanjeev