With personal loans helping you manage both calculated and sudden financial needs, it is no surprise that these unsecured forms of credit are becoming increasingly popular. As you can avail of funds instantly using these loans, managing unforeseen needs becomes easier.
After all, emergencies can knock at your door without prior warning. During such instances, an instant personal loan comes in handy as you can get the required funds at short notice. One financial platform you can rely on for instant loans is Fibe.
For instance, if you want a ₹1 lac loan to help you manage your medical bills or for any other financial emergency, you can easily apply online with minimal documentation to get funds directly into your bank account. Read on to understand the features, eligibility and process of availing a loan of ₹1 lac at Fibe.
There may come a time in your life when you may wonder, “I want a ₹1 Lac rupee loan urgently – what should I do?” Firstly, do not panic. Experiencing a shortage of finances at least once in life is a common issue. Dealing with this shortfall is all about making informed decisions.
As personal loans are unsecured forms of credit, there is no need to pledge your collateral when applying for this loan during an emergency. You can get a ₹1 lac loan on Aadhaar Card verification as your KYC with ease.
To know how a Fibe Emergency Loan can be an ideal solution, check out the following advantages:
If you are thinking, “I want ₹1 lac rupees urgently”, the first step to take is to check a lender’s eligibility criteria to know if you qualify for a loan. At Fibe, we make this simple. Our eligibility parameters are easy to meet, so getting the required funds during emergencies is no longer a hassle.
Here are a few eligibility terms of a Fibe personal loan:
Once you meet the required eligibility criteria, getting approval for an instant cash loan is no herculean task. Simply submit the required documents and get funds credited to your account within a few hours.
Here is the document checklist to keep in mind:
To ensure hassle-free and quick approval of your one lac loan, upload all these documents in a PDF format. Before uploading, make sure these documents are self-attested.
Taking a loan of this amount is easy, but knowing what you’ll need to pay is key to planning smartly. At Fibe, you can get a loan of this amount at affordable charges and repay it within a tenure of up to 24 months. Take a look at the table below to understand the interest rates and fees for a ₹1 lac loan on Aadhaar Card.
|Type of charge||Rate|
|Interest rate||Starts at 2% per month|
|Processing fee||Up to 3% of the loan amount|
|Stamp duty||0.1% of the loan amount Step|
The process is simple and all you need to do is follow these steps:
Step 1: Register on the Fibe app or website using your mobile number and verify with an OTP
Step 2: Share a few basic details about yourself and your employment
Step 3: Check your loan eligibility and limit and get instant approval
That’s all! Now you can transfer the loan amount to your bank account with just a click!
You can easily calculate the EMI for a ₹1 lac loan using the Fibe Personal Loan EMI Calculator. Feed in the loan amount, repayment timeline and interest rate to calculate your EMIs instantly. Here is a quick table to show you the various EMIs when you plan to borrow ₹1 lac:
|Tenure in months||Interest rate per annum||EMI amount|
Benefits of availing of a Fibe emergency loan
Whether you need five lacs or a one lac loan, Fibe offers instant funds to help you meet your urgent needs. One of the essential benefits of opting for a Fibe loan is that you can obtain the required funds within a minimal timeline. With Fibe’s quick cash loan processing time, your documents are verified in a jiffy.
Another advantage you can benefit from is that Fibe does not ask about your credit score. Yes, you read that right. While most lenders give loan approvals only if you maintain a good credit score, you can get a Fibe Emergency Loan with a low credit score or even without a credit score. With Fibe’s alternate credit scoring mechanism, it is easier for you to qualify for a loan. With timely repayment of your Fibe loan, you can slowly build your credit score too.
To make the most of all these benefits, get started now and avail of a ₹1 lac loan at Fibe. Simply install the Fibe app or visit the website and apply for a personal loan hassle-free. Fill in the required details, submit the necessary documents, and you are good to go!
This depends on your loan tenure and interest rate. For instance, if you opt for a tenure of 12 months at a 14% interest, your EMI comes to around ₹9,500 per month for a loan of ₹1 lac.
Simply visit the Fibe portal or download the Fibe app and apply for a personal loan to meet your emergency financial requirements. Check your eligibility and submit the required documents to get funds credited to your account immediately after approval.
When availing of any form of credit, it is important to submit your KYC documents. Provide your ID and address proof along with recent bank statements to get a personal loan instantly at Fibe.
The interest rate depends on several factors, such as your employment status, monthly income, loan tenure and the loan amount you wish to borrow. At Fibe, you can get a personal loan at cost-effective interest rates.
You can get ₹1 lakh personal loan on Fibe at a competitive rate of interest in just 2 minutes. Simply meet the eligibility criteria and apply online on our website or app.
Yes, you can get a loan of ₹1 lakh by meeting the lender’s eligibility terms and applying online or offline.
The interest rate for a personal loan up to ₹1 lakh varies from lender to lender. It also depends on your eligibility and income.
Yes, you can get an instant ₹1 lakh loan without attaching any of the assets as security on Fibe.