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5 Smart Reasons to Choose Fibe Instant Personal Loan for Personal Use
- Updated on: 17 Oct 2024
- Published on: 29 Aug 2023
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?
Here are the standout reasons why applying for the Fibe Instant Personal Loan can be an ideal solution, no matter why, where or what.
You get a loan of up to ₹5 lakhs from Fibe for:
In short, there is no limit or restriction.
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.
Like everything else, the Fibe Loan eligibility parameters are simple. You can qualify for the loan as long as you are:
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.
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.
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.
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.
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.
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.
The minimum salary you need to earn to qualify for a Fibe Loan is ₹15,000.
Akshay Mehrotra is the Co-Founder and CEO of Fibe while Ashish Goyal is the Co-Founder and CFO.
The founders of Fibe are Akshay Mehrotra and Ashish Goyal.
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.
