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Fibe Instant Personal Loan
Max Tenure
2 - 60 months
Best Rate
1.33% P.M
Processing Fee
RS: 399/- to 2%
Features
- Disbursal in 116 seconds
- No foreclosure charges
- 100% Online Process
Pricing
Documents Required
- ID Proof
- Address Proof
- Income Proof (salary slip, bank statement)
By agreeing and accepting the terms and conditions set out herein, you provide your express consent to Social Worth Technologies Private Limited to access the credit bureaus and credit information report and credit score. You also hereby irrevocably and unconditionally consent to the usage of such credit information being provided by credit bureaus.
Fibe Personal Loan (formerly known as EarlySalary)
Fibe is a registered NBFC with RBI that enables the middle-income group to upgrade their lifestyle. Fibe personal loans are a convenient and quick way to fulfill your financial obligations. The application process is fast and you get cash instantly in your bank account. They offer different types of personal loans like auto, education, wedding, medical, etc. Let us take a look at the features, types of loans, eligibility, documentation, and much more in the article ahead.Fibe Personal Loan – Quick Overview
Feature | Details |
|---|---|
Loan Type | Unsecured Personal Loan |
Application Mode | 100% Online |
Loan Amount | Up to ₹10 Lakhs |
Loan Tenure | 6 to 36 months |
Interest Rates | Starting from 18% p.a. |
Processing Fees | 2% of the loan amount + GST |
Disbursal Time | Quick approval & fast bank credit |
Collateral | Not required |
End-Use Restriction | No restriction |
Key Benefits of Fibe Personal Loan
1. 100% Digital Application Process
The application process for Fibe personal loans is completely online. You need to apply online on Fibe’s official website, fill out the application form, submit the needed documents, and the loan amount should be in your account within 10 minutes subject to Fibe’s internal policies.
2. Quick Disbursal to Bank Account
Loan amounts ranging from ₹5,000 to ₹10,00,000 are credited directly to your bank account once approved. This makes Fibe a convenient option for handling urgent cash needs.
3. Flexible Repayment Tenure
Borrowers can choose a repayment period between 6 months to 36 months, allowing you to plan EMIs comfortably based on your monthly income and expenses.
4. Low-Interest Rates
Fibe personal loan interest rates start from 18% per annum, depending on your credit profile and eligibility. The pricing is clearly shown before confirmation, so there are no surprises later.
5. No Collateral Required
Fibe offers unsecured personal loans, which means you don’t need to pledge any asset or security to avail the loan.
6. No Pre-Payment or Foreclosure Charges
Fibe allows you to repay your personal loan before the tenure ends without heavy penalty fees. Closing the loan early helps reduce your overall interest cost and gives you better control over your finances when you have surplus funds.
7. Multiple Usage Options
The loan can be used for any personal requirement such as medical expenses, travel, education, bill payments, or emergency needs. There are no limits on how you spend the loan amount.
8. Repeat Borrowing Facility
Existing customers with a good repayment history can access loans again, making it easier to manage recurring financial needs without repeating the entire process.
9. Minimal Documentation
The documentation process is simple and digital, helping you complete your loan application faster with basic KYC and income details.
Fibe Personal Loan Interest Rate & Charges
Interest rates start from around 18% per annum. The final rate offered to you depends on your credit profile, loan amount, income stability, and the repayment tenure you choose.
Other Applicable Charges
Types of Charges | Fees |
|---|---|
Processing Fee | Starts from 2% of the sanctioned amount + GST |
Late Payment Penalty | ₹500 + GST or 3% of the outstanding amount (whichever is higher) |
Bounce Charges | ₹500 + GST |
Stamp Duty | 0.1% of the loan amount |
Mandate Rejection Fee | ₹250 + GST |
Foreclosure Charges | Nil |
Note: Charges and rates may vary based on your profile and lender policies. Always review the final loan agreement before confirming.
The Eligibility Criteria for Application to Fibe Personal Loan
Age | Between 21-55 years of age |
Employment status | Salaried |
Income status | ₹18,000 if you live in metro cities like Mumbai, Bengaluru, Delhi, Hyderabad, Kolkata, or Chennai ₹15,000 if you live in non-metro cities |
Citizenship | You should be a resident of India |
KYC | You should have all the KYC documents in place |
Cities where Fibe Personal Loans can be availed
1. Ahmedabad |
2. Bengaluru |
3. Bhubaneshwar |
4. Chandigarh |
5. Chennai |
6. Coimbatore |
7. Delhi |
8. Faridabad |
9. Ghaziabad |
10. Greater Noida |
11. Gurgaon |
12. Hyderabad |
13. Jaipur |
14. Kolkata |
15. Mangalore |
16. Mumbai |
17. Mysore |
18. Navi Mumbai |
19. New Delhi |
20. Noida |
21. Pune |
22. Secunderabad |
23. Surat |
24. Thane |
25. Vadodara |
26. Vijayawada |
27. Vishakhapatnam (Vizag) |
How to Apply for Fibe Personal Loan Online?
Application Process via CreditMantri –
Applying through CreditMantri is quick and hassle-free. You can complete the process in just a few easy steps outlined below –1. Visit CreditMantri website or app and go to the Personal Loan section.
2. Enter your mobile number and verify with OTP.
3. Fill in basic details like income, employment type, and PIN code.
4. Click on “Submit”
5. Compare available offers and choose the suitable option.
6. Complete lender verification to get the loan credited to your bank account.
Application via the Fibe official website –
1. Download the Fibe app from Google Play/App Store or visit Fibe’s official website.
1. Enter your mobile number and verify it using the OTP sent to your phone.
2. Enter basic details such as name, job type, income, and age to check your eligibility instantly.
3. Check eligibility and select loan amount (₹5,000-₹10 lakh) and tenure (up to 36 months).
4. Upload documents: selfie, PAN/Aadhaar, address proof, and income proof (salary slips/bank statements)
5. Receive quick approval and have the amount transferred to your bank account in a short time.
Frequently Asked Questions
1. What is the maximum loan amount offered by Fibe?
Fibe offers personal loans of up to ₹10 lakh, with the final approved amount depending on your income, credit profile, repayment history, and the lender’s internal eligibility checks. The exact loan limit may vary from user to user based on risk assessment.
2. How fast does Fibe disburse the personal loan amount?
Fibe offers quick approvals, and once your application is verified, the approved loan amount is usually credited to your bank account within a short time.
3. Is collateral required to apply for a Fibe personal loan?
No, Fibe personal loans are unsecured. You do not need to provide any collateral or security to avail the loan.
4. Can I prepay or close my Fibe personal loan early?
Yes, Fibe allows prepayment or early closure of the personal loan. This helps you save on interest if you repay the outstanding amount before the tenure ends.
5. What credit score is required for a Fibe personal loan?
A good credit score improves your chances of approval, but applicants with a moderate credit profile may also be considered based on income and repayment history.
Disclaimer: Product features, eligibility, interest rates, and charges mentioned on this page are indicative and may change over time. Always verify the latest details on the official platform before applying.
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