Salaried Employee Personal Loans

Meet all your financial needs with Fibe’s Personal Loan for salaried employees. Get up to ₹5 Lakhs in just a few minutes.

Personal Loan Salaried Professional
Fibe personal loan and instant cash loan app

Instant Financing for Salaried Individuals

Considering the fixed monthly income and restricted monthly budget, salaried professionals may find it difficult to manage big expenses. Whether you need to opt for a professional course to upskill or plan a last-minute trip, you require a sizable amount to manage these expenses.

With Fibe, you can do it all. Our instant financing solution allows employees of both public and private sectors to use this facility and cater to all their financial needs, no questions asked. You can easily apply to get up to ₹5 lakhs.

The disbursement process is quick and the loan amount is deposited directly in your bank account within minutes. That’s not all. You only need to submit some basic documents online and meet our simple eligibility criteria to get instant approval on your application.

Fibe personal loan and instant cash loan app

Features and Benefits of Personal Loans for Salaried Employees

When applying for a personal loan for salaried individuals on Fibe, you can enjoy these benefits: 
100% digital loan application for a streamlined process
Flexible EMI options for comfortable repayment 
Attractive interest rates that reduce your borrowing costs
Collateral-free loan for stress-free borrowing 
Minimal paperwork ensuring hassle-free approval 
Disbursal within 2 minutes after loan approval
No hidden charges, ensuring a transparent lending experience 
Multi-purpose funding with no end-use restrictions 
No charges on pre-closure allowing you to be debt-free without any hassles 

Eligibility & Documents Required

Eligibility Criteria

You need to meet the following requirements to be eligible:

You must be between the ages of 21 to 55 years.

A minimum monthly in-hand income of ₹15,000 in non-metro cities and ₹18,000 in metro cities is required.

You must be a resident of India.

Documents Required

Given is the list of documents you will have to submit when applying for the loan:

Proof of identity: Aadhaar card, PAN card, Passport, Driver's licence

Proof of address: Passport, Voter’s ID, Rent agreement, Utility Bills

Proof of income: Bank statements, Salary slips for the last 3 months, A selfie for identity verification

Personal Loan Interest Rates and Charges for Salaried Employees

Check the following table to know the interest rates and charges for government employees:

Fee type & Charges
Interest RatesStarting from 16% p.a. On a reduced balance basis
Processing FeesStarting from 2% of the loan amount plus GST
Annual Percentage RateStarting from 18% p.a. 
Bounce Charges₹500 + GST
Late Payment Charges₹500 + GST or 3% of the loan amount, whichever is higher 
Stamp Duty0.1% of the loan amount
Mandate Rejection Charges₹250 + GST
Pre-Closure ChargesNil

Disclaimer: The above interest rates and charges are subject to change. Please check the latest rates before applying.

Calculate the EMIs of a Personal Loan for Salaried Employees

Your monthly instalment:
Total interest
Principal amount
Total amount

Salaried employees Personal Loan FAQ’s

You can apply for a personal loan for salaried individuals if the minimum in-hand salary is ₹15,000 in non-metro cities and ₹18,000 in metro cities.

With a 15000 salary, you can get a smaller range of loans depending on one lender to another lender. The loan amount also depends on your past credit history and accordingly, the credit is allocated. At Fibe, you can avail of a loan starting from ₹8,000 to ₹5 lacs.

The amount of the loan depends on the lender or financial institution and the credit history of the person who is applying for the loan.

To apply for a personal loan for salaried individuals, the minimum salary in hand should be ₹15,000 in non-metro cities and ₹18,000 in metro cities.

At Fibe, you get flexible repayment tenures where you can choose the tenure starting from 3 months to 24 months at a lucrative interest rate.

No. A salary slip or certificate is mandatory to apply for a personal loan. You cannot avail of this facility if you don’t have any proof of your income.

Yes. Lenders have eligibility criteria to qualify for a loan. The higher your income, the chances of getting a higher loan amount increase.

If you are a salaried individual with a minimum in-hand salary of ₹15,000 in non-metro cities and ₹18,000 in metro cities, you can get a credit of up to ₹5 lacs with Fibe.

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Here's what our customers think of us!

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I would like to thank Fibe (EarlySalary), few days back I met with an accident and I didn’t have much money to pay in one go. So, I took an instant cash advance from Fibe (EarlySalary). They helped me to clear all the medical bills in just 10 mins!
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The overall experience with Fibe was really good. I applied for an online personal loan and the service was very quick. The entire process was fast and smooth, and the loan was sanctioned without any hassles.
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