Terms & Conditions

Last Updated: June 2026

1. Acceptance of Terms

By accessing and using the EarlyCredit website and services, you agree to be bound by these Terms and Conditions. If you do not agree to these terms, please do not use our services.

2. Service Description

EarlyCredit provides salary advance services to eligible salaried employees. We facilitate access to earned salary in advance of the employee's regular payday through partnerships with RBI-compliant NBFC institutions.

3. Eligibility Requirements

To use our services, you must meet the following criteria:

  • Be at least 21 years of age and not exceeding 58 years
  • Be a salaried employee with consistent monthly income of ₹15,000 or more
  • Have a valid government-issued ID (PAN, Aadhar, etc.)
  • Possess an active bank account
  • Provide verifiable employment documentation

4. Loan Terms and Conditions

4.1 Processing Fees

A flat processing fee of 2% on the advance amount shall be charged on all disbursements.

4.2 Interest Rates

Interest is charged at a rate of 1.5% monthly on a pro-rata basis calculated on the tenure of the loan.

4.3 Repayment Timeline

Advances must be repaid within 7 to 90 days from the date of disbursement, aligned with your salary cycle. Repayment will be collected via automated e-mandate from your linked bank account.

4.4 Late Fees

If repayment is not made on the scheduled date, a late fee as determined by our partner NBFC may be applied as per their policies.

5. Application Process

The application process includes:

  • Submission of personal and employment information
  • Verification of identity and income credentials
  • Eligibility assessment through our automated system
  • Approval and disbursal upon successful verification

6. Disbursement

Upon approval, funds will be transferred directly to your registered bank account within 30 minutes to 2 business days, depending on bank processing times.

7. User Responsibilities

You agree to:

  • Provide accurate and complete information
  • Maintain the confidentiality of your account credentials
  • Repay the advance and accrued interest on the scheduled date
  • Notify us of any changes to your employment or banking details
  • Comply with all applicable laws and regulations

8. Account Cancellation

You may request account cancellation at any time. However, all outstanding dues must be cleared before cancellation is processed.

9. Limitation of Liability

EarlyCredit and its partners shall not be liable for:

  • Any indirect, incidental, or consequential damages
  • Loss of income or business interruption
  • Errors caused by third-party services (banks, verification agencies)
  • Technical failures or service interruptions

10. Data and Privacy

Your personal and financial information is handled in accordance with our Privacy Policy. We comply with RBI guidelines and data protection standards.

11. Dispute Resolution

Any disputes arising from these terms shall be resolved through mutual negotiation or, if necessary, through the appropriate legal jurisdiction in Erode, Tamil Nadu, India.

12. Modifications to Terms

EarlyCredit reserves the right to modify these Terms and Conditions at any time. Notice of changes will be provided on our website. Your continued use of our services constitutes acceptance of modified terms.

13. Governing Law

These Terms and Conditions are governed by and construed in accordance with the laws of India and the Reserve Bank of India guidelines for NBFC operations.

14. Contact Information

For any questions regarding these terms, please contact us at: