Fibe Personal Loan

FIBE, previously referred to as EarlySalary, is a financial organization that provides personal loans to its clients. These loans come with interest rates that fall within the range of 24% to 30% per annum and allow borrowers to obtain loan amounts of up to Rs. 5 lakh with repayment periods that last up to 2 years. One of the key advantages of obtaining a loan from FIBE is their rapid loan processing, which includes immediate approvals and quick loan disbursals for personal loans.

To be considered eligible for an EarlySalary personal loan, an individual must meet certain criteria. Firstly, the applicant must be a resident of India. Secondly, they must fall within the age range of 21 to 55 years old. Finally, the applicant must meet a minimum salary requirement, which is set at Rs 18,000 for metro cities and Rs 15,000 for non-metro cities. By meeting these criteria, an individual may be able to successfully apply for an EarlySalary personal loan and receive the financial support they require.

Yes, Fibe is a leading RBI-registered fintech start-up in India known for its personal and instant loan products.

You can get a loan from Fibe by filling out an online form with your personal and professional information. After selecting Fibe as your lending partner and specifying your loan details, such as the desired loan amount and tenure, your application will be processed.

Fibe charges interest based on the number of days you have the credit, and there are no prepayment or foreclosure charges. You can even choose to repay the loan in as few as 5 days and only pay interest for that period.

Fibe is a secure platform that not only disburses loans quickly but also ensures the safety of your data. Millions of dollars have been safely disbursed to numerous satisfied customers.

Yes, Fibe does check the CIBIL Score of loan applicants before processing the personal loan application.

Akshay Mehrotra is the Co-Founder & CEO of Fibe.

The minimum salary requirement for Fibe loan applicants varies based on the role they are applying for. For example, the minimum salary for a Collections Executive is ₹2.8 Lakhs per year and for a Sales Executive is ₹3.0 Lakhs per year.

The processing fee for a Fibe personal loan is 2% of the loan amount plus GST. Late payment charges are up to 3% of the amount due per month. If the repayment instrument is rejected, the charges are ₹250 per rejection.

Fibe operates as an NBFC and also lends through its other partners. It provides instant loans to salaried individuals earning between ₹1.5 lakh and ₹10 lakh per annum, with the money transferred directly to the borrower's bank account.

What are the benefits of using the Fibe app?

The Fibe app is a new-age lending platform that makes loans and financing more accessible to everyone through the use of advanced customer profiling tools. As a fully online lending platform, customers can easily apply for a personal loan through the Fibe app.

The maximum loan amount available through Fibe's Salary Advance product is ₹5 lakh, with repayment options between 3 to 24 months.

PayMe India is a similar app to Fibe, as it is also a fintech start-up providing short-term loans to corporate employees. Through PayMe India, you can easily obtain an instant personal loan of up to ₹2 Lakhs.

After you have submitted all the necessary documents, EarlySalary aims to process and approve your loan in a prompt manner, typically within 2 hours. Once your loan has been approved, you will be able to transfer the funds to your bank account in just a few seconds.

Fibe provides Earned Wage Access, Fibe Shakti, and Fibe Salary Advance to employees facing short-term financial needs, through its Employer Tie-up program.

Earned Wage Access is a credit facility that allows employees to withdraw a portion of their accrued income at any time during the month, through the payroll system. This facility comes with a nominal fee and approval can be obtained within 5 minutes.

Fibe Shakti is a short-term advance loan option designed specifically for blue-collared workers. This loan offers up to 1.5 times an employee's salary, with repayment terms of 3 months.

Fibe Salary Advance is a loan option that provides employees with up to INR 5 lakh to be repaid over a period of 3 to 24 months. This loan also offers a 0.5% reduction benefit on interest rates.

EarlySalary (Fibe) offers personal loan interest rates that range from 24% to 30% p.a., based on the customer's profile and eligibility score.

EarlySalary (Fibe) does not have any prepayment charges for its personal loans.

The Fibe Instant Cash Loan is an unsecured loan meant to help borrowers cover unexpected expenses such as home repairs, unplanned travel, or sudden medical expenses. The loan amount ranges from Rs 5,000 to Rs 5 lakh.

The purpose of Fibe Laptop Loan is to help borrowers purchase laptops. The loan amount ranges from Rs 8,000 to Rs 5 lakh.

The purpose of Fibe Kitchen Appliances Loan is to provide an instant personal loan facility to borrowers who want to purchase kitchen appliances such as gas, stove, induction cookers, grinders, etc. The loan amount for this loan ranges from Rs 8,000 to Rs 5 lakh.

The purpose of Fibe Refrigerator Loan is to help borrowers purchase refrigerators. The loan amount offered is between Rs 8,000 to Rs 5 lakh.

The purpose of Fibe AC Loan is to allow borrowers to purchase air conditioners. The loan amount available through this loan facility is Rs 8,000 to Rs 5 lakh.

The Fibe Washing Machine Loan is an instant personal loan offered by Fibe to help borrowers purchase washing machines. The loan amount offered by Fibe ranges from Rs 8,000 to Rs 5 lakh.

Fibe Smart TV Loan is an instant personal loan facility offered by Fibe, which can be availed by borrowers to purchase smart TVs. The loan amount offered ranges from Rs 8,000 to Rs 5 lakh.