Credit scoring refers to a lender’s analysis or assessment model to decide a person or enterprise’s creditworthiness. It is used to determine whether or not to lend money to an applicant. Traditional credit scoring models rely on credit scores, such as the CIBIL score or Equifax credit score. Alternative credit scoring models consider other aspects, such as social media presence, utility payments, rent and more.
For instance, Fibe uses alternative credit scoring to offer loans to those who may be new to credit.
Skip the manual calculations. Use the Fibe EMI Calculator to accurately determine your repayment amounts, interest charges, and more.
Fibe's personal loan EMI calculator is your reliable tool to determine your loan EMI in just a few minutes and some simple steps. Fibe offers personal loan of up to Rs 5 lakhs with minimal documentation and quick processing. Coupled with interest rates as low as Rs 9/day, this is by far your most compelling credit option in the market. Calculate your monthly repayments based on your sanctioned loan amount and interest rates using this handy EMI calculator that's operate and easy to understand. With Fibe, you can even prepay your loan amount with no additional charges.
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