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Check Eligibility Criteria for Instant Loan Online
Get cash in no time with Fibe. Check your eligibility before applying and get up to ₹5 lakhs instantly.
Get cash in no time with Fibe. Check your eligibility before applying and get up to ₹5 lakhs instantly.
Age:Between 19 years to 55 years
Monthly Salary: Minimum in-hand salary of ₹25,000 per month
Resident:You must be a resident of India
Most lenders prefer applicants within a stable working age range, as it indicates consistent employment and repayment potential.
A higher and stable monthly income increases your chances of loan approval by assuring better repayment ability.
If you are thinking of applying for a loan, you must confirm that your area is serviceable by the lender.
One needs to be employed in order to qualify for a quick loan. You are eligible to use the loan facility whether you are a new jobber or a regular, seasoned paid employee.
This determines a person's creditworthiness. Your credit score reflects how you've handled prior EMI payments. Therefore, having a strong credit score makes it easier and faster for your loan application to be approved.
Your stability and ability to repay debt are demonstrated by your monthly expenses. For the most part, it's advised to keep your debt-to-income ratio at 40% and to avoid exceeding it to prevent delays in approvals.
It plays a significant role in determining your creditworthiness and repayment capabilities. Achieving an impressive score can improve your chances of obtaining speedy loan approval while also providing additional advantages such as reduced interest rates and increased borrowing capacity.
The ratio of gross monthly debt to gross monthly income is called the debt-to-income ratio. If you have too much debt to your gross monthly income, you might miss your EMI payments, which may result in you being considered a defaulter.
Select a longer repayment term. Most lenders offer flexible repayment terms. You will pay a lower EMI amount with longer tenure and will have an easier time managing your loan.
A credit score may be negatively affected by multiple loan applications from different lenders. Instead, shortlist a few lenders whose eligibility criteria you already meet and apply to them.
You can check the eligibility by using Fibe’s eligibility calculator. Just provide details like income, age, city, credit score and other information to get your eligibility instantly.
Below are the factors that affect the eligibility for an easy Loan:
For an easy application, make sure you have a good credit score, meet the lender’s eligibility requirements and have all the necessary documents.
You can check your loan eligibility by accessing Fibe’s eligibility calculator. With the help of a eligibility calculator, you can get to know whether you qualify for a loan within seconds.
Instant loans are a type of loan that is approved and disbursed quickly, often within a short period of time. However, the loan tenure or duration can vary depending on the lender and the specific loan product. At Fibe, you have flexible repayment tenures starting from 3 months to 36 months.
You can get up to ₹5 lacs if you qualify according to your salary, credit score and repayment history with Fibe. Click here to check the eligibility.
You can apply for a quick loan with Fibe if you are between the age of 19 and 55 years.
To avail of a quick loan from Fibe, you must have a minimum in-hand salary of ₹25,000 per month.
In order to be eligible for a quick loan, you must be between the ages of 19 and 55. Furthermore, you must be a salaried individual earning at least ₹25,000 per month. Also, you must be a resident of India. Individuals who do not meet these requirements are not eligible to avail of a quick loan.
Instant cash loans make it easy to handle sudden money needs. From medical bills to sudden travel plans, the money can reach your account in just a few clicks. However, with numerous lenders available, selecting the wrong one can result in higher costs or subpar service. That’s why you need to know the main criteria …
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Not every app that promises instant loans is safe. Many borrowers have faced hidden charges or even fraud with unregistered platforms. To protect users, the Reserve Bank of India (RBI) only allows apps that operate through licensed banks and NBFCs. These are often called RBI approved loan apps India. They follow strict rules, disclose all …
Continue reading “Top 10 RBI Approved Loan Apps in India You Can Trust”
Not everyone has a salary slip or a fixed monthly income. Many self-employed individuals, freelancers and even students still need credit. That’s where cash loan apps without salary slip come in. These apps don’t just look at payslips. They review your digital activity like UPI payments, bank statements or spending patterns to decide eligibility. But …
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Subham Pawar
Shilpi Mukherjee
