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Breaking Stereotypes: The Future Of Finance And Tech Is (And Will Be) Women

Work culture in organizations is gradually moving towards diversification and inclusion. The current times are witnessing gender stereotypes bring identified and shattered in the wake of gender sensitization and diversity. Organizations across the globe are making concerted efforts towards the goal of equality of opportunity. Still, equality at workplaces is a far fetched dream. Take for instance the case of the US, where: 

Yet they earn lower salaries and fill up fewer seats in male-dominated professions like technology and finance. Fortunately, these stereotypes – those of women typically avoiding math, science and often all things logic – are on the verge of shattering.

A study conducted by the global research organization Catalyst stated that among Fortune 500 companies, the companies which had the highest number of women directors on board have shown better financial results and those having at least three women on their board have stronger-than-average results.

Gender Stereotyping deeply impacts the psyche and confidence of the female workforce. As per research, by the age of 6 years stereotypes regarding intellectual ability take root in girls. Girls identify themselves less with STEM subjects (Science, Technology, Engineering, and Mathematics). At the workplace, women find a less conducive environment to hold leadership and skill-based jobs, share their ideas in discussions concerning these subjects. 

Indian Scenario: Tech

The current Indian scene has begun a positive, and hopefully soon – pretty picture: 

  • Women representation in corporate jobs has increased from 21% to 30% in a span of five years, as posted in  Zinnov-Intel Gender Diversity Study 2019
  • Females are represented higher in non-technical roles at 31%, while in technical roles their share is 26%. 
  • Only 11% of the C-suite positions are held by the women, they were represented at  20% in mid-roles and 38% in junior roles. 
Women's Day

If these stats are compared with the global figures, Indians are surely taking strides in leaps and bounds to cut across cultural misfits and gender Stereotyping issues. As per a NASSCOM study of IT professionals and middle management from companies of Europe and India, 35% of the people with specialist technology roles are women in India as compared to a mere 17% female representation in Europe. 

Several organizations like Oxfam India through its campaign Bano Nayi Soch are all in for progressive ideas that subvert the norms of patriarchy.   

In 2016, Facebook initiated recruitment practices focused on bringing in black and female workers into their workforce – in who now make up 36% of its workforce. Sheryl Sandberg, COO of Facebook and the only woman on their board posits the concept of ‘leaning in’ in her recent book as the idea of being ambitious in any pursuit.  

Kiran Mazumdar Shaw, the CEO of Biocon and the first woman billionaire entrepreneur, reiterates that there is no dearth of talent in meritorious women and even though a small minority, they are well respected and worthy of inclusion. 

Indian scene: Finance

Women are considered excellent investors, but female representation in the finance sector remains meager. A CFA Institute Gender in Investment Management study shows a mere 11% representation of women investment professionals in the industry.  Research across the globe has proved how a culturally rich and diverse workforce delivers optimum results and lower risks for investors. Experts cite several pros of getting the women included in the workforce. 

  • Firstly, female inclusion will tend to bring in newer perspectives into the industry that can usher in a new revolution in the industry. Quality of output and decisions will definitely see improvements. 
  • Gender diversity can lead to innovations and rethinking of the old investment strategies that are sure to impact investment outcomes. 

Several initiatives have been taken to improve the involvement of the females at all levels. For instance, Young Women in Investment, India’s first initiative seeks to create female awareness and interest in the investment management industry. The initiative focuses on presenting investment as a long term viable career option to the women. The success and support of this initiative have definitely paved the way for the inclusion of females in the future of finance. 

Initiatives to Break Stereotypes

While we’re doing well, there can be several initiatives that can make the future of tech and finance into a substantial female-centric arena: 

  • Tech can be leveraged to advance gender parity and women empowerment in a number of ways. The development of the gig economy is offering a contingent workforce that is sure to lessen such gaps in the future. 
  • Unlearning the biases in our mindset and doing away with gender stereotypes will be a daunting task that would demand our attention towards sustainable and all-inclusive economic growth. 
  • A survey conducted by Unilever showed that 77% of men and 55% of women felt that men are best suited for high-stake projects. Such views deeply impact gender parity issues. Marketers and media need to stop the sexist portrayal of women. 
  • Social, political and cultural fronts should take it upon themselves to curb these formative practices of stereotyping and expose both the genders to all kinds of non-traditional fields like tech or finance to let them make their decisions rationally. 
  • There is a dire need to bridge the skill gap among women by taking advantage of digitization and tech innovations. The global “talent shortage” is currently at 38%, with the top ten hardest jobs to fill in STEM professions. The focus has to shift to building competencies and skillsets among women. 
  • Another key area of concern is the online representation of women. There are 250 million fewer females present online as compared to males. Connecting and bringing greater access to regions with no internet can bring about unforeseen opportunities and can even act as catalysts synthesizing women’s inclusion in tech and finance. 

The instilling of the right temperament among the youth holds prime importance as the majority of them make their career choices by the age of 26 as per a survey. Women do not lack in tech or finance skills and knowledge, what they lack is the proper nurturing environment enabling them to fulfill their dreams sans any bias or stereotyping. Once the institutions of today get in sync with gender equality and diversity themes, the potential and opportunities awaiting women in tech and finance can be attained.
And we can surely hope for a feminine era in finance and technology awaiting us in the near future. 

“You are fierce, bold and daring! Also, the best when it comes to caring.”
Happy Women’s Day!

Featured

Spouse In The Same Office: A Closer Look At The Implications for HR

Compiled By: Sandeep Raghunath
About Sandeep: He is the Head of Human Resources at EarlySalary, with 10+ years of international experience in HR across industries.

It is perfectly natural for a professional to fall for another if they’re working in the same office, or are spending a significant amount of time together. Open and vulnerable conversations are fairly likely to occur, and the more familiar they become with each other, the more potential there is for mutual attraction. While they may be frowned upon, relationships within an office setting are far from uncommon. Some partners even often end up getting married. 

In this context, however, the HR function isn’t expected to remain out of the loop. Organizational policies, cultural sensitivities, etc – there are many factors influencing the HR functions’ role in managing professionals with a spouse in the same office. How can they approach this? Let’s look at some important aspects.

Disclosure of relationship

It is vital to maintain an environment where it is known that keeping a relationship or marriage secret is not in the interest of the company and can have larger implications. According to Sarah Churchman, head of diversity and inclusion and employee well being at PwC, the only way to manage relationships is for the couple to be totally out in the open. “If they don’t inform us, someone else in the department will. Not because they are necessarily behaving in an inappropriate manner, but simply because they may fear a problem with favoritism.”

Some enterprises have a policy in place allowing for managers to be demoted, transferred or even dismissed in the case of the manager being in a relationship with their direct report without disclosing the same. It is, therefore, essential that an office couple is made to sign out a disclosure form with the HR Department. This allows for a line of communication between the office and the parties involved and also serves as a formal notice of their relationship. It also prevents misinformation and rumor-mongering in the workspace which hampers productivity. 

Different organizations have varying HR policies on how they deal with a spouse at the same office. If a company is strictly against work relationships, one of the spouses can be dismissed, though it would not be a popular move and discourage transparency. “You can’t legislate against office romances or indeed falling in love, and an outright ban would be totally unworkable,” says Churchman.

It is imperative for a company to have a policy on office relationships and furthermore ensure that all employees, especially spouses, get familiar with these and abide by them at all times during work hours. This includes coffee breaks, lunch breaks, business trips, etc.

Personal life and Professional life

The need to maintain a professional relationship between spouses in the same office space is vital. Often, the hardest battle in managing office relationships is inculcating the need to strike a balance between personal life and professional life. According to a research “on flirting at work” conducted by Amy Nicole Baker, an associate professor of psychology in University of New Haven, and an author on workplace romance papers, it was found that people who frequently witness other colleagues flirting often feel less valued by the company and have a decline in job satisfaction. This feeling of discomfort can also lead to many quitting their jobs. In order to prevent others from being uncomfortable and thus putting oneself under the radar. 

Spouse In The Same Office: A Closer Look At The Implications for HR
“Open and vulnerable conversations are fairly likely to occur, and the more familiar they become with each other, the more potential there is for mutual attraction”

Public displays of affection and flirtatious conversations can disrupt the working of the office and reek of unprofessionalism. It is essential to treat your spouse like a regular colleague within office hours and even in work parties, off-sites and other such events which are an extension to the office workspace.

Senior-Junior Relationship

In the case of a senior and subordinate getting married, the need for professionalism is critical in order to prevent conflict of interest. According to most office guidelines – it is necessary for the senior spouse not to be involved in the appraisal or evaluation of their partner. The two must not work together in the same department in order to curb the space for favoritism and nepotism within the workspace. There is also a potential threat to the security of confidential client information and the risk of information leaks.

To avoid the occurrence of favoritism, one spouse should be transferred to another department, and ideally, no couples should work together in the same department.

Divorce

The unfortunate scenario of a married couple splitting up can have deep repercussions on their work ethic, their behavior in the office as well as the office environment itself. The disclosure form should specify what would happen to both the parties in case of this occurrence. The way two ex-partners are treated in the office also deserves attention. They might act in a more isolated nature and may be unable to maintain good performance. This situation is a nursing ground for potential blame-game and office politics. This difficult period of the employees’ life should be battled with care and acceptance. They might not need advice and might need someone to listen to them in order to clear their mind and concentrate during work hours. In case of poor performance, they should be nudged towards the direction of working better and given gentle reminders instead of indifferent statements like “Your divorce is not our problem.”
Perhaps an Employee Assistance Program to help deal with such traumatic instances is worthy of consideration from employers.

Featured

Can Millennial Stress be Resolved by Financial Wellness?

Stress is an issue bigger than ever for millennials, who are rushing ahead with their worklife, finding little time to enjoy the intricacies of life. They are not only toiling themselves with projects, preparing reports and meeting targets, but also when off the work they busy themselves worrying about their debt, savings and expenditure.  India has been, off late, a very volatile economy with companies shutting down production and filtering out chunks of employees. As such millennials are forcing themselves to work in return for poorly paid salaries and unsatisfactory job environments. In most of the cases, they are not able to manage their day-to-day expenses and have to revert to debt; while in other cases are confused about their financial course.

A whopping 76% of Millennials say they are experiencing financial stress, up 23 percentage points from 2018, according to the PwC 2019 Employee Financial Wellness Survey.

Financial stress is the top contributor in affecting employee health and morale followed by their jobs and relationships. Matching your salary with your expenses is only the tip of the iceberg, when cash flow and debt issues add to the worries. Employees are worried that they are not able to save enough and will face or are facing a financial crunch. Let’s look at the major issues hounding today’s millennials in terms of finance:

Past concerns  

With higher education becoming more expensive each year, an increasing number of new employees enter the corporate sector already laden with the burden of huge debt in the form of education loans or personal loans. As per Workplace benefits report 2017, 40% of millennials say that they left high school and college unprepared for the real world. As such they look upon their employers for the necessary guidance and help related to a majority of topics around financial wellness. 18% of millennials want more help with their student loans.

In some cases, these debts may be gifted down from one generation to another. A son may have to pay off a home loan or some other debt incurred by his father. These circumstances dilute the finances and millennials find it difficult to lay away the stress.

Present concerns

According to the 2017 Workplace Benefits Report, a significant number of Millennials say they feel unprepared to manage their finances and need help with topics across the financial wellness spectrum, including saving for retirement (43 percent), general savings help (40 percent), paying down or managing debt (34 percent), saving for major expenses (36 percent) and budgeting (31 percent). 

Peer pressure, maintaining the status quo and lavish lifestyles often lead millennials to the brink of a financial crisis if they do not plan their finances well in advance. Many are highly ignorant about how to proceed with investments; banks or mutual funds, long term or short term, commodity or shares, and a lot more. About 43% feel that they require more help with investing, 40% wanting more information on how to save taxes and 21% feel that they want to save more. It’s an additional issue when they require funds in a lump sum for unforeseen expenditure or a major purchase. They either trap themselves in instalments or else fall in a debt trap. 63% of Millennials consistently carry balances on their credit cards and two out of five have trouble making minimum monthly credit card payments.

Future Concerns

Besides provident fund schemes, gratuity and a few other benefits, employees aren’t assured adequately about their future. They remain concerned about their retirement and pension, their children’s education, medical expenses and a lot more. Pension schemes are offered by insurance firms, but which one is best suited remains a matter of concern. Career opportunities and growth also impact future and present decision making. Not surprising then that employees, especially millennials, find themselves to be dependent on their employers.

Why should employers take up financial wellness programmes?

Financial stress not only impacts an employee on a personal level, but his working capabilities and mental faculties get impacted too. Stress can be behind severe health concerns that may lead to employee absenteeism, employee turnover, and dissatisfaction. The issue of financial health becomes of utmost importance to keep the solubility of the firm intact on one hand and to achieve common organisational goals on the other. As per a survey, an employee spends 12 hours on an average each month stressing about their finances. 

Bank of America Merrill Lynch report says that the lack of confidence in financial matters affects Millennials’ workplace behavior. On average, employees spend 3 work hours each week (12 hours per month) dealing with financial stressors.

A well thought of and structured wellness programme may act as a tonic for the employees’ financial health:

#1 Making an in depth study of employee concerns before finalising on the mode the financial programme is critical. Not everyone shares the same crisis, and not everyone will desire third party approvals or advice before taking decisions. A financial assessment is essential before you initiate the program and want it to succeed. This can be an eyeopener for those employees who may have been unaware of the causes of their financial stress and will make them ready to adopt the new financial course.

#2 Educating employees about financial health and other resources should be taken care of as well. This can be one through seminars, online courses, or even lectures and classes conducted by an expert or professional.

#3 The employees must be educated on healthcare costs as well. It doesn’t hurt to take this opportunity to promote healthier lifestyles as well. This can save them a lot in the long run. Group insurance schemes and health insurance schemes should be encouraged as a norm in the organisation.

#4 Financial debt management, especially the management of student loans, is another area of focus. Employers, if possible, could even consider taking it upon themselves to sort out the education loan or debt of the employees as a gesture of goodwill. This can be offered as an employee benefit as well. Executed right, the company can go a long way in earning the reputation of being the best in class when it comes to their employees’ welfare.

#5 Then comes the basic question of managing the current expenses such as installments, deductibles, premiums and other expenses. There are several paradigms involved in financial planning and it can be overwhelming for a millennial who has just been placed on his job.

Encouraging employees to take part in these programmes and letting them get involved through participation, and one on one discussion will assist them in reducing their financial stress. The overall focus of the employee can shift to organisational task boosting his productivity and overall efficiency. At the individual level, it will boost their confidence to manage their current expenses and plan for their future expenses in advance. Financial wellness programmes can, therefore, help in improving employee health and quality of life. A healthy and financially sound human resource can be an unending source of profitability and efficiency for any enterprise.

Transcend Boundaries, Straighten Finance: #YouGotThePower

From juggling household errands and office chores, from being a daughter to a sister to a wife to being a mama, she goes around heroically vanquishing every barrier in her path. 

This Women’s Day, as we commence our campaign to applaud “her”, we urge you to join hands with us, to empower, exemplify, educate and encourage women. Let’s whirl our words “#YouGotThePower” into a thunderous voice.

Since forever and a day, the survival of the fittest has persisted. In this epoch of materialism, none can deny that money keeps you at par with those around you.

Why women have got to appear at the financial forefront

Priyanka Chopra Jonas put it just right- “No matter where you go in life or who you get married to, you have to be financially independent – whether you use it or not.”

How many times have you canceled taking off on that holiday or buying that costly dress you couldn’t take your eyes off of or held yourself back from splurging on that beauty or hair treatment? 

Well, we got good news. You don’t have to worry about shopping on Amazon, or scheduling the voyage on MakemyTrip as we at Earlysalary let you directly spend money there!

If you crave to revisit or undertake to study something you have often wanted to, but the packed finances constrain you, our education loans are just the answer.

As we age, with the lines on our faces, our healthcare needs arise. With the government supplying tax advantages to women who invest, it’s time for the females to talk money.

Being a caregiver shouldn’t restrict you from spending on yourself or saving for trying times. Did you too overlook the fact that women presently control up to 85% of household spending? That puts them on the map as they are in charge of more than $5 trillion, in the United States alone.

What do the stats say?

In India, the average male life expectancy is 67.4 years while the female is 70.2 years. 

Post-retirement, or even now, women have more expenses to take care of.

If the husband, unfortunately, passes away earlier, we would hate for you to stumble with finances. With family assistance diminishing in present times, it is now on women to take their care in the later years of life. Women have been kept miles away from taking decisions, especially monetary since times unknown. This has continued even after Independence.

One-stop solution

At EarlySalary, we believe in doing our bit for the goddesses we commonly forget to revere.

Every woman out there is entitled to know her net worth. With zero prepayment charges and loans up to ₹ 5 lacs, we have your backs. 

Nervous about the hassle of paperwork, standing in line, and numerous visits to the bank? What if we tell you that you can apply in just 10 minutes? Yes. What’s more, is, you can rapidly transfer to and from your bank account, with a couple of taps on the screen!

Now if you don’t want a loan right away, wouldn’t it still be good to have some in store for a mishap?

In case you are wondering, our signing-up process is as simple as it gets. Within 10 minutes of downloading the app, you can transfer that currency to your bank.

Here’s how. Register with your mobile number, fill in the deets and as soon as you get the approved limit, you are good to go! 

You no longer have to depend on your husband or your salary as we let you pay your child’s school fee in EMIs too! The cherry on top is that low-cost EMIs are available on travel and shopping loans too, as we attempt to give you wings to fly!

As soon as the pandemic’s over (or even if not) and you feel like swiping a card at the salon or your favorite restaurant, we have for you, the salarycard! Acceptable pan India, with adjustable EMIs on every transaction and no renewal or prepayment fee this is surely the best gift you will have ever received!

With ever-increasing responsibilities and even the simplest of things costing us all money, why not let the woman (or men) in your life, feel being looked out for? And what’s better than this International Women’s day to express how much you adore her? For the women reading this, it’s time you call the shots.

Cheers to the new horizons of womanhood!

Happy Women’s Day from ours to you and yours!

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How to ask for a raise

Asking questions makes people nervous, and asking for a raise, more so. Those moments could be nerve-wracking and stressful. It seems like an extremely difficult task where some employees wait for several months before asking for a raise.

Asking for a raise might be necessary, albeit being an uncomfortable task, so we, at EarlySalary, have some tips for you. 

Prepare

Anything important requires preparation and is especially crucial when asking for a raise. You should be sure about the claims you make and ensure the timing of the meet is crucial.

  • Positive testimonials: Keep a folder of all the positive comments you have received from your superiors, colleagues, and customers. Check on that track record in certain periods. This will also help in your improvement. 
  • Consider what you bring to the table: In the long run, how would you contribute to the organisation to be worthy of the raise? This question will definitely be in the minds of your superior, and so should it be in yours. 
  • Knowing your worth: Consider certain factors like the job description, the tenure you have been serving for, your current salary, and other related factors to find what you should ask for. Try researching how much a similar role is offered by other companies in the market.  
  • Data is the key: Statistics and data backing up how valuable you are to the organisation can really help convince your superiors in giving you a raise. 
  • Correct timing: You cannot just barge in your superior’s office asking for a raise while they might be busy with some prior engagements. Ensure their availability before you approach the topic. 
  • Practice: You can record or practice in front of the mirror. Or you can even have someone role-playing as your superior to help you prepare. 

The D-Day

Once you’re confident about your preparation, you can go ahead and ask for that raise. However, preparation alone is not enough. Make sure to keep the following tips in mind when approaching your boss for a raise. 

  • Introduction: Go with a formal opening instead of directly asking for raise. It doesn’t have to be detailed, but make sure your crisp opening has the necessary substance. Keep it short, sweet, and simple, as it is better not to beat around the bush. Their time is as valuable as yours. 
  • Be ready to take more responsibility: If you get a raise, it is extremely probable that it comes with additional responsibilities. Understand what the organisation might need and attempt to pitch yourself for that position along with the raise.
  • Proactive communication: Try to shake off the nerves and communicate proactively with your superiors. Tell them what you need, what they can expect out of you, and be receptive to the feedback they give. 
  • Pull out your folder: While modesty is often a prized quality, make sure to talk (not boast) about your accomplishments to your superiors. Demonstrating the work you have done will certainly help in your case. Make sure to use as much data as possible, and make use of numbers. 
  • Be ready for the hard questions: You have served the company well, and your superiors are sure to appreciate the fact. However, be ready for any hard questions and substantiate your answers with facts and numbers. 
  • Confidence and Gratitude: Be confident and specific and express your gratitude to the panel or the person with whom you are communicating with.
  • Knowing how to respond in case of a NO: If it’s a no, remember to learn how you can get better..  Try to ask for feedback and constructive criticism, and make sure to implement them in your work before you ask for that raise again. If the answer is maybe or not right now, you may try to follow up at certain intervals with prior appointments with them.

Irrespective of whether you get a raise or not, make sure to take that in stride. If you get a raise, don’t let it get to your head, and if not, don’t get too dejected. If you really feel that your work is not valued enough, and you are rejected for a truly well-deserved raise, consider taking a look at similar roles in the market, and see how much they offer.

If you were really looking forward to the raise, looking for your next lifestyle upgrade, EarlySalary will always be at your rescue. With an instant transfer to your bank with no prepayment charges, you can avail of up to Rs 5 lakhs from their easy-to-use platform. Their instant cash and instant loan products aren’t limited to just personal loans, but you can get loans for even the basic needs such as paying your utility bills!

To know more, you can reach out to us on:

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Catch Up On Late Bills With EarlySalary

Falling behind isn’t a pleasant experience, especially if it’s falling behind on bills. Late bills can be extremely stressful and as everybody understands – they can spring up due to several reasons. That’s no excuse though, as defaults can easily mean non-availability of a vital service. 
Fret not, the EarlySalary team designed this step-wise guide on how you can catch up on late bills. 

Sorting bills:

Sorting bills on the order of priority should be the first step you take in your quest towards catching up on late bills. 

  • It may not be feasible to pay all of your bills at once, so make it a point to organize your bills in an order you see fit. You may choose to arrange them based on the repayment date, amount due, the necessity of the services, or a hybrid between the three. Arranging them in order of importance and having a budget on hand will help ease your financial stress greatly. 
  • By order of necessity, we mean those services which are absolutely critical. For instance, payment of utility bills is necessary to ensure adequate electricity, water, etc., while you can postpone credit card bills, albeit at a higher cost. 
  • You may choose to opt for a cheap online loan, such as the ones offered by EarlySalary, as an effort to reduce the interest payable on your credit card bills.  

Evaluating your finances: 

Once you’ve sorted your bills based on priority, you’ll naturally be able to understand what bills you can avoid in the future. It is crucial to understand the difference between need and want.

  • Review spending on luxurious habits like cosmetics, alcohol, subscriptions, personal grooming, etc, if you’re really getting behind on bills. Keep a constant check on the money you have been spending. 
  • You might be having a gym membership without actually going to one or you may be paying for some app on your phone which you hardly ever use. 
  • Read up on Tips for adjusting your budget when facing a crisis to understand the ways to budget and ease your financial burden. Ensure to follow these steps at all times to ensure you aren’t in this predicament in the future. 

Additional work/gig:

A relatively easy solution, given the plethora of options we have for us today. This next step is to find ways to generate additional revenue.  You might find a temporary job or gig for a while or could opt for some overtime to earn additional income. 

Talking to creditors: Once you have implemented any of these choices, you might want to call on your creditors. 

  • Start by canceling any unnecessary services that you might have opted for, and forgotten.  Try negotiating and try explaining your situation. Understand any extra amount that you might have to pay over and above your principal amount in the form of late payment fees and interest overdue. Check for possible clerical errors. 
  • Consider bundling certain services like the internet and cable which might fetch you additional discounts. Additionally, try working out a repayment schedule with your creditor. 
  • If you take an effort towards repaying the amount due, the creditors are likely to appreciate the effort and be lenient. This will also minimize the risk of you going bankrupt or adversely your credit score.

Execution: 

The final step is to execute your plans. While planning is essential, it is even more crucial to ensure that the execution is on point. 

Cutting up on expenditure and taking up extra gigs might not be our first choice of thing to do, however, these steps are certainly important to help us catch up on late bills.

With a little help from EarlySalary, catching up on late bills won’t be very difficult. Get your utility bills and last-minute rent payments paid up with help of EarlySalary’s products. You can get instant cash loans up to Rs 5,00,000 for a tenure of up to 24 months. It comes with zero prepayment charge and you will get your loan amount transferred directly to your bank account.

 To know more, you can reach out to us on:

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Time To Decide Financial Wellness For Your Multigenerational Workspace

Financial wellness has acquired considerable importance in the contemporary times, from the perspective of both the employer and the employee. It is because of its positive impact upon all stakeholders involved that a financial wellness programme is being called as the must-have benefit of the recent times for any kind of workspace. 

While it is easy to say that financial wellness is one of the most important goals for the individual, it also cannot be ignored that the dimension of financial wellness can mean different things for different people. Understood in the most basic terms, financial wellness essentially means the financial freedom to make choices. However, it is very difficult to make a one-size-fits-all solution when it comes to financial wellness. In fact, in the post COVID times, the contours of financial wellness are changing and the 2021 trends exhibit that things like Education financing et al are gaining more importance with respect to financial wellness. 

Problem with implementation of a financial wellness programme in a multigenerational Workspace 

 The attainment of financial wellness for all the employees in an organisation becomes even more difficult when the workforce is not completely homogeneous. In fact, different employees have different expectations from a financial wellness programme even if they are working in the same workspace. Therefore, it can be a difficult task to formulate a programme which caters to the financial wellness goals of the workforce all across different generations. 

However, what is uniform is their need to have a sound financial wellness programme. In fact, according  to a report by PwC in 2020, not less than 75% of the baby boomers as well GenX and millennials agreed to the fact that they would be attracted to a different company in case they show more concern about their financial well being. 

Hence, in order to effectively take care of every person’s financial wellness needs, the following tips can be kept in mind by the organisation:

1. Know about the different wants amongst different generations and try to find out convergences 

According to a PwC report in 2020, even though a majority of GenX and Millenial workers stated that job security is the most important factor when it comes to financial well being, for the baby boomers it was found to be lower healthcare cost and better healthcare facilities. Therefore, it is imperative for the organisation to take care of the expectation of both generations while planning a financial wellness programme. It is of utmost importance to see and measure your employee’s financial wellness before you start planning anything.

2. Address top health related issues 

DIfferent generations in the workspace will naturally have different health-related concerns and goals. While for an average GenX or millennial worker, it might be to stay fit, have a toned body, and get time to work out regularly, the same might not be the concerns of a Baby Boomer worker. It would rather be having rebates on healthcare services, tie-ups with hospitals, among other things. Therefore, it is important to take these factors into account while making a financial wellness program. 

3. Know about their financial commitments

Repayment of the student loan is one of the most pressing issues for the younger generation in the workspace, in fact, as many as 80% of this generation touted it as the most important factor stopping them from achieving their financial goals. 

However, for the older generation in the workspace, post-retirement benefits and easy housing loans, among other things might be of more significance. Therefore, it is important to understand their financial goals and liabilities in order to be able to effectively address their financial wellness. 

4. Understand their financial position 

It also helps to understand their position when it comes to savings so as to combat the problem of financial stress. In fact, according to the PwC report (2020), as many as 67% of the GenZ employees had less than $1000 in savings while the number was significantly lower in the Baby Boomers (37%). 

Clearly, it is important that in contingent and emergency situations, more importance is given to the former over the latter when it comes to helping their plan their savings and they in fact need more robust and comprehensive training with respect to personal finance management. 

We’re Here to Help

Having seen the kind of divergences and the expectations that exist between the different generations in the workspace, it can be conclusively said is that it is very challenging for any organization (especially startups or those with limited resources) to formulate a financial wellness program that fits the bill for any and all employees. To know more about some strategies as to how you can make a good Financial wellness program, please read one of our earlier blogs here.
While you can definitely take a leaf out of the book of several established brands with respect to their financial wellness program, it will also take a lot of effort to personalize to fit it into your budget and needs. 

If the magnitude of the task is worrisome to you, quit worrying and visit our website. We, at EarlySalary, provide several financial services school fee financing, instant personal loans, medical emergency loans, and a plethora of other services with no hassle and at just a click of a button. What are you waiting for? Partner up with us and take care of all of your orgnanization’s financial wellness needs

Get started on the EarlySalary experience now!

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EarlySalary introduces #BetterWay and #SafeSigns to educate consumers and improve awareness

EarlySalary, one of the leading applications for instant loans, is introducing a customer-centric consumer awareness intending to educate them and make them more aware of the risks and necessary precautions associated with online lending and related platforms. Instant loan apps have come under public scrutiny and faced widespread criticism due to recent scams and frauds that involve transactions amounting to whopping INR 423 crore, spread over 75 bank accounts, and carried out through 30 mobile applications, none of which were approved by the Reserve Bank of India (RBI). 

instant loans

The preliminary investigations have revealed that about 1.4 crore transactions worth INR 21,000 crore have taken so far, which goes on to show the importance of consumer awareness to help them avoid these frauds and scams every time they engage and interact with an instant loan app. The #BetterWay and #SafeSigns campaign by EarlySalary focuses on encouraging and instilling best case practices and practicing necessary caution when it comes to letting digital lending apps gain permissions and access to their devices, some of which are listed below: 

  • Choosing caution over speed

When applying for instant loans through instant loan applications, do not throw caution to the wind. Fraudulent instant loan applications focus on distracting consumers from the overall terms and conditions and focus on the speed of the process. Hence, before you grant permissions and access to sensitive information to digital lending apps that provide attractive instant loans, always go through the terms and conditions and ensure that it only accesses the information while the app is in use and not in the background while you are running other applications. 

  • Ensuring that privacy settings are apt

Not reading the fine print can hurt you, and many fraudulent applications ensure that the small print is as minute as possible to distract you from going through the terms and conditions. A recent study found that an appalling 97% of youngsters aged between 18-34 consented to terms of service without even reading them. Hence, the next time you are about to click on ‘I agree’ without actually revising the terms and conditions and looking into the privacy settings of the app, remind yourself about the importance of doing so and only choose instant loan applications with apt and sound privacy settings to provide information breach and fraud. 

Look out for the #SafeSigns when using a lending application to apply for instant loans and avoid scams that can dupe you of sensitive information and hard-earned savings. 

  • Looking out for #SafeSigns such as interest rates below 3%

Looking out for important #SafeSigns also involves ensuring that the terms and conditions of the lending application are reasonable and viable. One popular example is the interest rate offered by applications that provide instant loans. 

As a customer, you should steer clear of interest rates above 3% per month, as this can be a huge red flag. Although interest rates can vary depending on the loan period, it is always advised to read the terms and conditions associated with the final interest rate before submitting your final application and you should constantly monitor your interest rates. 

  • Trusting only RBI listed NBFCs

Finally, when you are applying for instant loans on lending applications, always take out the time to check whether or not they are listed on RBIs official website. Instead of taking convenient shortcuts that can contribute to monumental financial losses, in the long run, dedicate a few extra minutes to run a quick background check and verify the credibility and authenticity of the application you are trusting your sensitive data and information with. 

Legitimacy is a huge factor that is often overlooked but can help you save a gargantuan amount of money by helping you make the right choice. 

instant loans

There are undoubtedly a plethora of lending apps providing attractive instant loans online. However, practicing necessary caution is one of the best ways to have a safe and secure experience. Always remember, before letting an application gain access to your personal details, always look at factors and features concerned with privacy, legitimacy, and pricing for a seamless and pleasant experience. 

If you need financial wellness ideas, credit, or loans to fulfill instant cash needs, download the EarlySalary app now. To know more, you can reach out to us on:
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Five Years of EarlySalary: From MVP to a Much Loved Product

Five years ago, on the 23rd of Feb, we pushed out EarlySalary MVP with a belief that it would be a stepping stone for building a credit ecosystem that would power and upgrade our customers’ lives in a meaningful, tangible way. We were a small team that worked around the clock, spent sleepless nights fueling this vision of making credit accessible to all.

 The thesis of EarlySalary was very straightforward. We knew that:

  1. Customers are often seeking a salary advance which no one was there to cater 
  2. 99% of such customers pay back on time.
  3. The entire journey can be self-served on a mobile app without any human intervention which means customers’ experience has to be supreme.

With this in mind, in the first 180 days, more than 10,000 people experienced our product, and not just they liked the idea but came back with suggestions to help us improve. Of course, this helped motivate us to keep working harder. EarlySalary elevated itself into a full-fledged digital lending service with the capacity to manage few lac customers simultaneously, to borrow, repay and engage with.

The Journey to becoming a viable business model

As we persevered hard and transitioned to build a platform for solving the credit needs of our customers, personal loans were a logical extension to our portfolio. Of course, this was done without losing focus on our shorter tenure loans. From here on, the innovation flowed more fluidly than we had ever seen. We came up with credit to shop online, followed by us launching a direct partnership with corporates to offer credit to every employee – Blue, Grey, or White. The second phase for EarlySalary allowed it to grow to more than 100,000 active customers. But for us what really mattered was customer feedback and appreciation. And we strived hard to measure and perform on those metrics more than any other.

Gaining customer love

As we started our next sprint, the focus remained on being loved by our customers. To overperform on this metric, we ensured:

  • Self-serve as a clear focus: customers should be able to do everything from borrow, to repay, to solve doubts, set-up repayments, increase limits or resolve issues digitally. We call this Uberization of lending as a business.
  • The second was going beyond just giving money and becoming a part of our customers’ everyday life. We fueled it by adding a universal credit limit that could be utilized anytime and repaid anytime. It could also be used to shop or travel apart from withdrawing cash. This helped establish us as a recurring, significant part of our customers’ life instead of being a transactional service.

As we analyzed our data, we saw a lot of customers referred by existing users. That is what we wanted to achieve as a brand. We were not just assisting our customers with their credit needs but earned the position of a brand that they can recommend to others.

One Platform for all products

Our next pivot came when we expanded our vision to be a single platform for all lending needs of our customers, Hence, more choices of products to our customers.

As you can guess, every new product involves new risks, new innovation, a new product journey, and a new way of doing business. But credit (pun unintended!) goes to our Risk and Product teams who took up this challenge and built railroads to get a customer to borrow for any need and build the backbone for our checkout business and Salary Card business. Today, a customer is managed on a dynamic behavioral risk scorecard, which allows them to borrow longer tenure when they need to, finance their skill up-gradation needs or shop on EMIs when they want. This capability is now being harnessed by our partnership teams to build No Cost EMI for consumer products as we grow and cater to our 500,000 active customer base.

Sustainability as a business

Financial services start-ups have faced multiple challenges in the last 24 months. We have seen two NBFC crises & two banks collapse that led to immense capital shortages followed by extremely difficult times for everyone during the recent pandemic. It is why we must extend our gratitude to our teams that kept our heads down and focused on doing what’s right for customers. How you ask? By focusing on principles of automation and ensuring we stood strong as the business climate did a 180. The results have been more than satisfactory and give us an opportunity to thank every member of the EarlySalary family and every customer who used our services, enabling us to build a sustainable business today. Over the past 2 years, we have grown to process 10x the loans, and are one of the highest-rated FinTech apps in India. Most importantly, we see ourselves as a part of our customers’ life. And that was always the goal.

What is in store for our customers and EarlySalary family?

While we have achieved one of our early goals, the journey is of course, far from over. For our customers, we have a lot in the pipeline. We still seek a utopia where an even larger number of customers recommend us to their friends, family, and employers. We are working tirelessly to ensure we keep innovating to introduce new products and features that can service every credit need – from cards to Buy Now Pay Later, from salary advance to wedding loans. We want to make sure we are your first choice.

EarlySalary completes 5 years

A message to our EarlySalary family – we need to go 10x on our current size in the next 24 months. This will only happen if we continue to do what we have always done – focus on making sure we are part of our customers’ lives, by enabling them with meaningful credit that serves as an upgrade.

Celebrating 5 Years of EarlySalary App
Akshay & Ashish

Why Your Employees Should Be Helped With Budgeting?

Succeeding as an organization requires a robust combination of business skills, change management and decision-making, and most importantly, happy employees. Employees need to drive performance and create value for the organization. In return, the ideal enterprise should assist them with what matters the most – budgeting and financial wellness. Especially in an age dominated by millennials.

One of the most important skills to master is budgeting. This would require the HR and finance departments to customize training programs to meet changing needs. Having well-rounded communication with a team is not only excellent for recruitment and retention but also translates well into crucial metrics – improving productivity and profits. 

Let’s delve deeper to see how you can help them in the process of preparing and overseeing their financial plans and expenses.

  • Help them Getting Started

The simplest way to help employees with budgeting is by giving them access to tools and schemes that help them control spending and learn about reliable investment sources. Financial literacy is low at 24% in the country, despite well-developed financial markets. Financial literacy for managing debt or education about decision-making criteria for instruments offering varying interest rates and options is of utmost importance as your employees’ progress and set afoot in asset creation. 

With the increase in salary deducted savings and loan products becoming popular, advise them about the tax consequences and long-term effects on credit score. The provision of simplified frameworks on how to approach spending is also helpful. Evidence-based training that teaches the steps to stay on budget and means to direct surpluses can lead your team towards building financial resilience and superior lifestyle choices. 

  • Credit Counselling & Debt Management

The biggest advantage of credit counseling and debt management sessions is fewer garnishments or advance pay requests and also fewer unexplainable or frequent calls at work. When employees know how to strike the right balance, they would need no time off to deal with exigencies from legal matters that arise from mismanagement. Refer them to reputable sources of assistance such as EarlySalary, which can offer instant digital salary advance, a Salary card, and instant loan and help your employees escape the complete nightmares caused due to stress and anxiety.

  •  Employee Benefit Schemes

While savings may be a borderline utopian idea for the millennial workforce, it’s essential to reinforce the age-old saying, “money saved is money earned”. Encourage them to save and invest appropriately depending on their risk appetite and age. Meal coupons, employee discount programs, company medical insurance schemes, etc. can help your employees control spendings and get some tax savings too. 

  • Retirement plans

With the wave of privatization ever so strong, the cohort that can rely on pensions is shrinking. The YouGov-Mint Millennial Survey revealed that among millennials, only 40%, and among the GenZ, only 17 percent are saving for retirement. The middle-aged working population is struggling to juggle higher education expenses for their children and maintaining a lifestyle. This is a trade-off being made in favor of current consumption over the future. 

It’s important to make employees understand this trade-off’s opportunity cost by introducing schemes like the National Pension Scheme in your organization, which can help them with pension and tax savings. It is also important to help your employees understand the tax and inflation-adjusted returns of PPF/ gratuity/ EPF and other schemes. 

Make such conversations a part of monthly meet-ups to help employees develop financial discipline. In a society awash with financial instruments, help your employees with effective financial wellbeing communications to make a real difference.   

We Can Help

That said a professional financial counselor can provide the necessary support to help your employees with decision-making. EarlySalary has a stellar track record of powering financial wellness for corporate India by training employees for today’s financial challenges and tomorrow. 

If you need financial wellness ideas, credit, or loans to fulfill instant cash needs, download the EarlySalary app now. To know more, you can reach out to us on:
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How To Find The Best Lender For All Your Financial Needs

Whether it’s a holiday, investment, or even something as small as purchasing an item online, we all have fallen short of having enough money at least once. The bigger challenge is, however, finding a trustworthy lender when the need arises. Of course, there are websites that allow us to apply for an online personal loan, but some may be dubious, keeping additional charges hidden. With lending becoming quite a hassle, there are signs you should look out for, a campaign on several social media platforms- #SafeSigns highlighted ‘signs’ that all consumers should be wary about.

Today, we’ll be showing you the problems borrowers face and how you can find a suitable lender. 

Problems Faced by Borrowers When Finding a Money Lender

Complicated Documentation and Formalities:

Borrowing money is a lengthy and comprehensive procedure involving an abundance of paperwork and documentation. Hence, this often becomes quite tiresome for borrowers as the paperwork process needs to be assessed accurately. 

Long Delays:

The processing time that lending institutions take is a major crisis for borrowers. It is possible that you might be stuck in the queue for a long time as several others may have also applied. 

Requiring Collateral:

Lenders often require collateral in order to provide money. Consequently, borrowers who do not have assets or security to offer or fear risking their assets are the ones who meet with difficulties when borrowing.  

Bad Credit Score:

Financial Institutions often inspect the credit score of the borrowers. Therefore, if you do not have a reasonable credit score, then your application will be unfortunately denied. This is why building a favorable credit score becomes incredibly significant. 

online personal loan

How To Find A Suitable Money Lender 

Look for a Quick Loan Approval

If we compare online lending organizations with the traditional lending system, the distinction between the two becomes tremendous. This is primarily because of the numerous features offered by online lending institutions. Of course, the most impressive feature is being able to get instant loans online – who doesn’t love the reduction of considerable time and paperwork? 

A lender that delivers quick approval facilities to clients is effectively selling convenience and a superior experience. An instant loan portal that is quick and paperless is also effortless. With a good online loan offering, customers can enjoy our comprehensive range of services. 

Don’t let Sites Waste your Time

Visiting a bank with the intention of acquiring a loan is one of the greatest obstacles that borrowers have to experience. Despite it being 2021, you may still have to stand in lengthy queues and go through rounds of checks till you ultimately have your loan approved. 

But you do realize you can skip this entire process, right? 

Look for sites that can approve your loan the same day of applying it. There are sites that take mere hours to have you verified and have the loan deposited in your bank account.

Find Loans Without Collateral

Lenders often require borrowers to input certain securities or assets to have lower risks for the lender to ensure repayment if in default. When you search for a moneylender, take a look beforehand at their T&C as a precaution. Instant loan options like EarlySalary do not require collateral, making borrowing far more convenient. 

Testimonials

Always check whether the lender’s site has feedback from prior customers and apply only where they’ve had a good experience. While most people undervalue this point, it is a vital aspect to check for authenticity. The campaign of #SafeSigns can be of help and give you information about customer experience to avoid scammers.  

Which Instant Loan Lender Is the Best for You?

EarlySalary offers several lending options that fit you and are approved within a short period. Moreover, EarlySalary is extra safe as we don’t require any collateral, so your assets are secured. So if you are tired of not getting authorized by banks for loans, just switch to EarlySalary, where your application will be accepted instantly. Not only do we make things easier with the most user-friendly service.

Feel free to contact us for any questions on credit, loans, and your instant cash needs! We are here:
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Salary Card or Credit Card: What Should You Choose?

As we all try to pave our way amid our daily chaos, financial decision-making becomes increasingly complex. Of course, one such dilemma is choosing between the variety of credit cards that are available. While some offer a higher spending limit, others pack in attractive offers.

Confused much? 

We, at EarlySalary, understood this and were itching to deliver a solution. We began by constructing the perfect card that takes care of all that the modern informed customer needs. 

Now, it’s possible to use a simple solution for all that you desire, with the EarlySalary Salary Card powered by RuPay. The Salary Card is a prepaid instrument that lets you enjoy dynamic spending limits, flexible tenure options, and transact on EMIs on any website across shopping, travel, wellness, education categories! 

In this post, we share how the Salary Card provides financial convenience and safety and how it compares against mainstream credit cards.

Salary Card Vs Credit Card

  • Easy Application and Use

You can get a Salary Card without any paperwork and hassle within a day. It takes at least 14 days to secure a credit card and more paperwork, on the other hand. Plus, a credit card has spending limitations and can be used for certain types of transactions or websites only. 

The Salary Card has more use cases and can even be used to directly transfer your fees to an educational institution from your credit limit without any paperwork. It’s a card made for 2021 – with spending limits configurable from your EarlySalary mobile application. More on that, below!

  • Spending control

It’s fairly obvious who wins here, a Salary Card. Salary cards constantly give you notifications on your dashboard and do not operate on a line of credit. With an EarlySalary Salary Card, you can control spending limits on shopping, travel, wellness, and education. It has a higher spending limit on essentials such as medical expenses, education, etc., and a comparatively lesser limit on expenses like shopping, travel, etc. The spending cap is 50% of salary on lifestyle and 200% on education. 

The maximum limit is roughly equal to your monthly salary, with an option to set dynamic limits. This feature lets you spend twice your monthly salary through this card.

  • Rewards 

Trade-offs are a reality when picking any product, but not here. Finding a credit card with a rewards program is common as banks earn higher profits through credit cards and hence, give lucrative rewards to encourage customers to use the cards more often. 

Guess what? With all other features, Salary Card can get you offers that can help you save up to Rs.12,000 across shopping, travel, education, and more. 

  • Interest Fee Security Features

Generally, credit cards come with up to 50-days of interest-free credit, and outstanding amounts should be paid by the due date to avoid late fees. Some also charge an annual credit card fee. Extra charges are levied to convert transactions into EMIs. 

However, the Salary Card allows your transactions to be automatically converted into flexible EMIs ranging from 3 to 12 payments, with zero prepayment charges. 

What is Right for You?

As you would have understood, there is no cookie-cutter approach to this decision. All that matters is the why what, and when of the need that you want to be fulfilled. With over one million happy EarlySalary customers, our data shows that millennials are opting for Salary Cards over credit. Also, a credit card may be tougher to get if you have a low credit score.  

We at EarlySalary, determine your eligibility on a few simple criteria.  You should be a resident of India, above 21 years of age, but below 55. If you are a salaried individual with a minimum of INR 18,000 in urban cities, and INR 15,000 in rural cities, you can apply for the Salary Card.

To conclude – Salary Card is now a matter of a few clicks. With EarlySalary’s app-based zero-touch application process, fastest process & the smartest features of dynamic limits, you get flexible tenure options, shopping on EMIs and you can save up to ₹ 12000 round the year, all on ZERO subscription fees, ZERO annual charges, or ZERO renewal fees.

Have more queries? Connect with us here for any questions on credit, loans, and your instant cash needs! We’re listening all day on:
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It is Time To File Your Income Tax Return. What’s Changed This Year?

The global (along with the Indian) economy, has had a tumultuous journey in the past year due to the setbacks from the global COVID-19 pandemic. However, with the vaccination process underway, we’re returning back to normal and all activities are resuming in full swing. In the midst of this, the BJP-led Government announced its Union Budget for the Year 2021-22. To us, perhaps what was more relevant was – what changed for our taxes this year?

As discussed in detail by our Finance Minister Dr. Nirmala Sitharaman, the budget for the next financial year has brought about a few significant changes in the practices related to the area of Income Tax returns and its filing process. Even though there was no respite or change so far as the Income-tax slabs are concerned, several other positive changes were brought forth so as to provide some respite to a lot of vulnerable classes such as the senior citizens. 

Some of the most significant changes that were introduced by the Union budget are listed as follows: 

  • No income tax return filing for persons above the age of 75 years

Senior citizens do not need to file the Income Tax Return upon meeting a certain set of conditions such as 

  1. Their source of income should exclusively be Pension and Interest payments 
  2. The interest payment should be from the same bank in which the pension is being deposited 
  3. Bank has to be within the list of banks which will be notified by the government to claim this exemption 
  4. A declaration to the effect of allowing the bank to perform the necessary functions will have to be furnished by the Assessee. 

This essentially means that the senior citizens are not exempted from filing income tax returns in toto. Rather, the bank will fill it on their behalf and give them the benefits under Chapter VI A and Section 87A of the Income Tax Act, 1951. 

  • Pre-filled information in the Income Tax return forms:

In order to simplify the Tax filing procedure for the Taxpayers, a lot of information such as the dividend from listed securities, salary income, TDS among other things, will be prefilled in the Income Tax return forms. This would make the filing of Income Tax returns much easier for even the people who are not from the finance industry and thus will positively impact compliance. 

The time frame to file the belated or the revised income tax returns has been shortened by 3 months. It essentially means that for the upcoming financial year, it has to be filed by 31st December 2021 instead of March 2022. 

  • Additional Tax liability upon Employee Provident Fund

From the next financial year, the interest upon the Employee’s share to EPF exceeding the amount of 2.5 Lacs will also be taxed. This was done with the motive to discourage the practice of Voluntary Provident fund contributions and to increase the flow of money in the economy. 

  • Changes in the Tax Audit system 

In the last budget, the tax audit limit for an individual carrying on a business was increased from one crore to five crores annual turnover in cases wherein the total cash receipts and payments did not exceed its 5%. This threshold has again been increased to 10 crores in the upcoming financial year. This was done so as to give digital payments a boost in the business sector and to give a push towards a digital economy. 

  • Exemption of trusts from TDS 

The payment of TDS on dividend coming from either the Real Estate Investment Trusts or Infrastructural investment trusts has been exempted so as to simplify the procedure of payment of advance tax as well as to incentivize investment in the economy. 

  • Exemption of LTC Cash Schemes from Income Tax

Exclusively for the next financial year, the union budget has declared that any sum received as Leave Travel Concession Allowance will be exempt from taxation so as to give tourism a much-needed boost within the country. 

  • Increase TDS and TCS for Income Tax filing defaulter

With the insertion of Section 206AB in the Income Tax Act, 1961 by the union budget, double the amount of TDS will be charged from the people who default in the filing of Income Tax returns. A similar provision is also inserted by way of Section 206AA for the increase in the TCS in such a scenario. This has been done to increase the rate of compliance. 

Parting thoughts 

The union budget in the post-COVID times needed to bring about several significant changes to resurrect the Indian economy. Even though this budget has proposed several such changes which will help in boosting the economy, its success or failure still largely is dependent upon its overall compliance. 

The budget has proposed several ways through which money can be injected back into the economy along with providing impetus to investment activities. With the new changes, there are several ways by which an individual can get more money back from its Income Tax Return filing or save on tax legally.

It is pertinent to mention here that personal loans can also be used as a tool for decreasing your tax liability and it is one such way to save your money. 

We, at EarlySalary, provide instant personal loans with no hassle and at just a click of a button. What are you waiting for? 

Get started on the EarlySalary experience now!

Want to talk to us about credit, loans, and your instant cash needs? We are here, ping us on:
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Download the EarlySalary app here, or log in to our website and be a part of the #OneSmallStep experience.