The best way to understand what is direct deposit is to think of how you receive your salary in your bank account. This electronic transfer of funds that gives you easy access to money without a paper cheque is the exact direct deposit meaning.
A direct deposit helps your account get credited without requiring you to wait or take any action on your own. You usually get your pay from your employer or even your tax refund via a direct deposit. Today, you also get the loan amount straight into your bank via direct deposit, which is very convenient.
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.Get instant loan and also 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.
Your EMI Amount is
₹
13,107
Loan Amount
₹145,000
Min
Max
₹8,000
₹10,00,000
Interest rate
14%
12
30
Select EMI option
12 Months
3
36
Months
Months