5 Smart Reasons to Choose Fibe Instant Personal Loan for Personal Use

Are you a professional relocating for work and need funds to pay your housing deposit? Or do you need to bridge a cash crunch to address medical needs? Whether you are looking to upgrade your life or meet a short-term requirement, the Fibe Instant Cash Loan can be your ally. 

This personal loan requires no collateral and offers a flexible repayment tenure that you can tailor to your comfort. What’s more, you can repay early with zero pre-closure charges!

Unlike other loans in India’s growing financial marketplace, the eligibility terms of a Fibe loan are simple. Moreover, Fibe does not require you to have a great credit score. In fact, thanks to a proprietary alternate credit scoring algorithm, you can get funds even if you don’t have a score at all. Sounds promising, right?

Why Opting for an Instant Personal Loan from Fibe is a Smart Move

Here are the standout reasons why applying for the Fibe Instant Personal Loan can be an ideal solution, no matter why, where or what.

• Complete Freedom of Use

You get a loan of up to ₹5 lakhs from Fibe for:

• Financing your education
• Financing a wedding
• Purchasing a vehicle
• Meeting your medical needs
• Renovating your home
• Buying consumer durables products and more

In short, there is no limit or restriction.

• Basic Paperwork, All Online

Worried about the time it takes to get all your documents in order? Don’t be. You can apply for a Fibe loan with just 2-3 documents. These include a government-issued ID and address proof, your PAN and bank statements. That’s it.

• Eligibility That Doesn’t Require You to Jump Through Hoops

Like everything else, the Fibe Loan eligibility parameters are simple. You can qualify for the loan as long as you are:

• Between the age of 21 and 55
• An Indian resident
• Earn ₹15,000 if you live in a non-metro city and ₹18,000 if you live in a metro city

• No Need to Risk Your Assets

Getting access to credit doesn’t have to be complex and that’s why you can get an ample loan amount without collateral from Fibe. Get any amount from ₹5,000 to ₹5,00,000 in just 2 minutes, thanks to an easy, online application journey that does not require any evaluation of security.

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• Choice of Repayment Tenures

You can pay EMIs from 3 to 36 months, choosing a repayment duration that suits your pocket the best. This makes repayment absolutely stress-free. What’s more, you can apply for repeat loans at any time and get the money in your bank account.

• Pocket-friendly Repayment

Without any part-prepayment or foreclosure charges, you can repay your Fibe Loan when you have surplus funds, even before the tenure ends. Additionally, the Fibe interest rate is affordable and fixed. This helps you plan repayment with ease right at the time of applying.

All these advantages are literally at your fingertips when you sign up for a Fibe Instant Cash Loan. With a PCI DSS App-based journey, your safety is also taken care of. Download the Fibe Loan App now or register on the website to get started.

FAQs on the Fibe Loan

What is Fibe?

Fibe, which was earlier called EarlySalary, is a digital lending company. The company makes credit simple, inclusive, hassle-free and affordable for India’s mid-income and young working population. Fibe approves 98% of applications in a few minutes and offers instant personal loans, BNPL financing and more.

Fibe does not require you to have a good credit score and approves loans even if you do not have a credit score. It assesses applicants based on an alternate credit scoring mechanism. You can get more company details on the website.

What is a Fibe application?

The Fibe application refers to the loan application you can complete on the Fibe website or app. It requires you to enter basic details related to your name, address, age, employment and income.

What does Fibe company do?

Fibe is a digital lending app that offers easy and fast credit to salaried applicants. As of today, Fibe has offered more than 5.5 million loans and disbursed ₹15,000+ crores to over 21+ lakh customers.

What is the minimum salary for a Fibe loan?

The minimum salary you need to earn to qualify for a Fibe Loan is ₹15,000.

Who is the CEO of Fibe India?

Akshay Mehrotra is the Co-Founder and CEO of Fibe while Ashish Goyal is the Co-Founder and CFO.

Who is the owner of Fibe?

The founders of Fibe are Akshay Mehrotra and Ashish Goyal.

How to delete a Fibe account?

You can delete or withdraw your consent for the use of your personal information by emailing Fibe at care@fibe.in from your registered email ID.