Fibe Shakti helps your employees meet their big and small unforeseen expenses with ease. Employees can get up to 1.5X of their salary any time they want.
Let’s get in touch
Our host of financial products like Fibe Shakti enables blue-collared workers to access up to 1.5X of their salary.
Set up a salary advance program at minimal cost and liability*
Customisable products to suit the needs of the company
Seamless integration with our easy plug-and-play systems
Improve employee productivity and reduce attrition rate
You can integrate Fibe’s offering into your portal in quick steps that are mentioned below:
Corporate ties up to activate Fibe Shakti
Fibe integrates with the payroll system
Employees apply for an advance via payroll
Repayment through payroll auto-deduction
Zeeshan Ramlan
Director & Head of HR @ Coinswitch kuber
Snehal Yadav
HR Manager @ Knorr Bremse Group
Highlight: Apart from financial safety, the thing that job seekers nowadays consider is employee benefits. Providing these benefits plans might help the organisation attract great talents. Read to find some awesome perks a company can offer its employees to bring them back to offices after lockdown, and how Fibe can help. Employees are, no doubt, …
Continue reading “Return to Work Perks Offered by Employers”
Highlight: An engaged workforce can work 10x better than a skilled but demotivated workforce. The managers need to organise certain activities to engage employees and make them feel responsible for their work. The key to running a successful organisation is knowing how to improve employee engagement. As an HR, you should understand the level of …
Highlight: Get to know the top 7 benefits of offering your employees a financial wellness program. Read till the end to know how a financial wellness program can improve your business. Facilitating programs related to financial wellness for employees has numerous benefits for them while also helping boost productivity and improving retention. In fact, 59% …
Continue reading “Start Offering Financial Wellness Program To Your Employees”
Fibe Shakti is a short-term advance specifically created to meet the needs of blue-collared workers. With this product, workers can get up to 1.5X of their salaries as a salary advance, which can be repaid over a tenure of 3 months.
Apart from offering a higher amount, customers from corporate tie-ups get a 0.5% benefit in the interest rate. We also offer special concessions on processing fees and exclusive offers. What’s more, when taking an advance from Fibe, customers are only charged interest for the number of days they’ve used the amount and there are no pre-closure charges levied. It can also help blue-collar workers build a credit history, enabling access to safe and reliable financial services in the future.
Yes, the employer has the operational liability of auto-deducting the salary advance provided by Fibe from the payroll. However, the risk liability should the employee leave or be terminated is with Fibe.
Yes, there is a nominal interest involved for advances taken. However, we offer a benefit of 0.5% on the interest and is applicable only for the number of days the amount taken is utilised.
The entire process, from onboarding to disbursal, takes just 10 minutes.
The eligibility criteria for this program may depend on the terms of the partnership. The minimum salary requirement for this product is ₹15,000.
It takes between 5-7 working days. However, the timeline may vary for some companies.
We require some basic information like KYC details, phone number, income proof to underwrite the employee.
The outstanding amount will be recovered by Fibe independently. However, the operational liability of informing us of events is on the employer.
