Avoid A Financial Hangover This Christmas

  • Updated on: 25 Apr 2023
  • Published on: 19 Dec 2020
Avoid A Financial Hangover This Christmas

Christmas is a joyous occasion that can be the most memorable time of the year. And everyone would naturally want to avoid a financial hangover during this festive occasion. It’s for times like that that Fibe aims to change the way personal loans and instant loans work in India. A mobile app that brings together new credit scoring systems for premium customer profiling, Fibe can be a compelling solution to avoid a financial downturn during festivities. 
By enabling you to take an instant loan whenever and wherever possible.
The Fibe app provides a system for instant loans, credit lines, and interest-free EMIs. Its operation rests on a unique algorithm that combines traditional credit scoring with new social and online scoring technology-linked risk assessment concepts, and it takes only a few minutes. The personal loan amount is debited into the applicant’s bank account on the same day whenever/wherever possible. 

Fibe offers affordable personal loans to salaried employees at an EMI as low as  INR 9 per day.  Thus, people will be able to dodge a financial downturn during a momentous occasion like Christmas. It enables Indian users to borrow money for urgent cash requirements. Probably fair to say that it’s a blessing in disguise during festivals like Christmas, Diwali, etc., which come with their own set of extra expenditures. It aims to help individuals who face month-end and mid-month financial crises by providing small loans and instant loans until they receive their salaries.

People who use this application can log in through their Facebook accounts, specify the amount they require as a personal loan and a date by which they can repay it, submit the necessary documents, and get the money credited to their bank accounts whenever/wherever possible. Fibe (Formerly EarlySalary) offers loans between INR 1,000 and INR 100,000 with payback terms ranging from 7 to 50 days.

Here are a few of its advantages:

  1. Customers have access to quick personal loan funds for any financial emergencies until their next salary arrives. 
  2. The credit application process of this scheme is simple, transparent, and can be done without any hassle.
  3. Under this scheme,  borrowers provide minimum documentation for their application to be approved.
  4. There is a provision for taking the personal loan through the user-friendly mobile application provided by EarlySalary.
  5. This credit is offered to salaried employees, self-employed individuals, and corporate employers after they’ve exhausted their monthly salary. 
  6. The advances in credit under this scheme are offered at low-interest rates.
  7. There are no early repayment fees applicable to the loan.
  8. The whole process starting from application to repayment is secure, and there’s no chance for fraudulent activities.
  9. The process is free of tedious paperwork, thus making it time-saving.

Criteria to be eligible for loans provided by Fibe:

  1. You must be a salaried Indian Citizen and should be at least 21 years old.
  2. You must provide the following essential documents: a PAN card, Aadhar Card/Driver’s License, or Passport.
  3. You must have a bank statement of the salary account for the past 3 months

Here’s a complete guide for you to avoid a financial crisis during Christmas:

To avail any instant loan option, you need to visit the company’s official homepage and click on the icon which says, ‘Instant Salary Advance.’ After this step, you need to click on ‘Read More,’ which will redirect you to a new page. You can then hit the ‘Start Your Application’ button to begin the application process for the personal loan as a whole.

Soon after, you are directed to a new window that will ask you to enter your mobile number, and then you can agree to the terms and conditions laid out and click on ‘Sign Up.’ EarlySalary sends an OTP or a one-time password on your number for verification. Once this is done, the application will ask to fill up personal, professional, and bank account details. Earlysalary will then send a link for downloading the application on your mobile phone after submitting it.  It can then be downloaded using the link or from the App Store for iOS devices.

Based on your social score and documents, your instant loan eligibility will be calculated and informed by the company. Soon, a representative of the company will arrive at your doorstep for signatures, and finally, the funds for the personal loan are transferred electronically to your bank accounts. Earlysalary makes it easy to get an instant loan as quickly as possible. 
With just a well packaged instant loan application, Fibe has frankly changed the entire credit landscape of taking and applying for instant loans and making it more straightforward for Indians.


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