Updated on: 31 July 2023
Published on: 13 August 2021
In this fast-paced world, we have everything at our fingertips. From getting your groceries on your doorstep to salon-quality hairstyling at your home, everything has come closer via technology and mobile devices. Instant loan apps on phones have been around for quite a while, making it easy for you to get a loan via your mobile.
You may need money for various purposes, from a short trip to paying for your child’s education. Emergencies are sudden and you never know when you may face a cash crunch. In such cases, an online loan process comes to the rescue since it allows you to apply for a loan from the convenience of your home.
You can easily avail of online personal loan through your mobile phone. Online lending platforms also provide mobile apps, which you can easily download from the respective app stores. These apps give you the added advantage of making applications simpler and quicker.
Getting a personal loan of ₹3 lakhs online, through your smartphone, comes with numerous benefits. These advantages include:
Wondering which loan app to use to avail of a loan suiting your needs? The answer is right here. While there are several apps available in the market offering attractive schemes, one that stands apart from the rest is Fibe.
A Pune-based fintech portal, Fibe aims to change the lives of people all around India with affordable and convenient loans. You can get these Instant Personal Loans from just ₹5,000 to ₹5 lakhs at an interest rate starting from 2% per month.
Fibe is a trusted portal for young and salaried individuals. You can use the loan for any purpose – Fibe offers travel loans, marriage loans and emergency medical loans, among others. The loan is sanctioned in a matter of hours without needing you to pledge any of your valuable assets as collateral.
You can get your ₹3 lakh loan on Aadhaar card verification along with other KYC proof for up to 36 months and without any prepayment charges.
The eligibility criteria for getting a ₹3 lakh instant loan from Fibe is simple. Check out the essential parameters here:
The documentation is minimal for getting a personal loan for ₹3 lakhs and includes the following:
With Fibe, you can experience a new realm of financial possibilities. We go beyond cash disbursal services and offer instant loans, salary advances, and long-term financial loan solutions, among many other choices in a few minutes!
Feel free to get in touch with us for any questions on credit, loans, and your Instant Cash needs! Download the Fibe Personal Loan App and unlock swift and seamless access to funds to cater to your financial needs conveniently.
Your personal loan EMI depends on the loan amount and tenure that you choose. For a ₹3 lakhs personal loan with a tenure of 12 months, your EMI will be ₹30,000. Similarly, your EMI for a ₹3 lakhs personal loan with a tenure of 18 months will be ₹21,667.
To be eligible for a personal loan of ₹3 lakhs from Fibe, you must be an Indian salaried resident. You must be between the age of 21 and 55 years with a minimum monthly income of ₹18,000 if you live in a metro city. However, if you reside in non-metro cities, the minimum salary requirement is ₹15,000.
Generally, lenders require you to show some evidence of your ability to repay the loan. This is why you need to submit your income proof in the form of salary slips. However, at Fibe, you can get a loan by submitting your bank statements as well.
For a ₹3 lakhs loan on Aadhaar card verification from Fibe, you need to pay interest starting at 2% every month.
You need to pay a monthly interest starting from 2% when you opt for a ₹3 lakhs loan on an Aadhaar card from Fibe. However, remember that your interest rate depends on various factors, such as your age, monthly income, loan tenure, etc.
Your personal loan EMI for a ₹3 lakhs personal loan with a tenure of 3 years depends on the rate of interest. Assuming the interest rate at 20% p.a., the EMI amount will be ₹13,333.
Category : Instant Cash Loan
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