Meet all your financial needs with Fibe’s Personal Loan for salaried employees. Get up to ₹10 lakhs in just a few minutes.
Considering the fixed monthly income and restricted monthly budget, salaried professionals may find it difficult to manage big expenses. Whether you need to opt for a professional course to upskill or plan a last-minute trip, you require a sizeable amount to manage these expenses.
At Fibe, you can do it all. Our instant financing solution allows employees of both public and private sectors to use this facility and cater to all their financial needs, no questions asked. You can easily apply to get up to ₹10 lakhs.
The disbursement process is quick and the loan amount is deposited directly in your bank account within minutes. That’s not all. You only need to submit some basic documents online and meet our simple eligibility criteria to get instant approval on your application.
The parameters for personal loan eligibility for salaried employees can vary depending on the lender. You need to meet the following requirements to be eligible for a loan from Fibe:
To get funds, you will need to attach relevant paperwork along with your application form. Given is the list of documents you will have to submit when applying for the loan:
This credit facility can be an ideal option if you receive a regular salary. Check the following table to know the interest rates and charges.
| Fee type & Charges | |
|---|---|
| Loan amount | Up to ₹10 lakhs |
| Interest Rates | Starting from 18% per annum on reducing balance basis |
| Processing Fees | Starting from 2% of the loan amount plus GST |
| Annual Percentage Rate | Starting from 18% p.a. |
| NACH/e-mandate bounce charges | ₹500 per instance |
| Late Payment Charges | ₹ 500 or 3% of the overdue EMI amount for every delay in monthly EMI, whichever is higher |
| Stamp Duty | 0.1% of the loan amount |
| Mandate Rejection Charges | ₹250 + GST |
| Foreclosure charges | Nil |
Disclaimer: The above rates and charges are subject to change as per our policies. Please confirm the latest rates and charges before applying.
You can apply for a personal loan for salaried individuals if the minimum in-hand salary is ₹15,000 in non-metro cities and ₹18,000 in metro cities.
With a 15000 salary, you can get a smaller range of loans depending on one lender to another lender. The loan amount also depends on your past credit history and accordingly, the credit is allocated. At Fibe, you can avail of a loan starting from ₹8,000 to ₹5 lacs.
The amount of the loan depends on the lender or financial institution and the credit history of the person who is applying for the loan.
To apply for a personal loan for salaried individuals, the minimum salary in hand should be ₹15,000 in non-metro cities and ₹18,000 in metro cities.
No. A salary slip or certificate is mandatory to apply for a personal loan. You cannot avail of this facility if you don’t have any proof of your income.
Yes. Lenders have eligibility criteria to qualify for a loan. The higher your income, the chances of getting a higher loan amount increase.
If you are a salaried individual with a minimum in-hand salary of ₹15,000 in non-metro cities and ₹18,000 in metro cities, you can get a credit of up to ₹5 lacs with Fibe.
At Fibe, you get flexible repayment tenures where you can choose the tenure starting from 6 months to 36 months at a lucrative interest rate.
This guide explains how to change the EMI date of a personal loan, including when lenders allow it, the exact steps to request a change and the charges involved. Most requests take 7 to 15 working days to process once submitted, so it helps to plan the switch a month ahead of your next due date. …
Continue reading “How to Change EMI Date of a Personal Loan: Process, Charges & Tips”
Finding the best personal loan app in India involves more than approval speed. These 10 apps are evaluated on 8 factors that directly affect borrower costs and qualification ease. How We Compared the Apps This comparison uses publicly available information from lender websites, product pages, published terms, Key Fact Statement (KFS)-related disclosures where available, and …
Continue reading “Compare 10 Best Personal Loan Apps in India (2026)”
A promissory note is a written and signed promise to pay a fixed sum of money to a named person or the bearer, either on demand or by a set date. So, what is promissory note, exactly? It is one of the simplest legal instruments used in personal loans, business borrowing and informal lending across India. This …
Continue reading “What is a Promissory Note? Meaning, Format and Legal Validity in India “
Download the Fibe App the cool new vibe to finance to avail of a loan in just a few clicks from anywhere.
