Note - EarlySalary is now Fibe!

Fibe Loan Details

Interest Rates24% - 30% p.a
Loan AmountRs. 5,000 - Rs. 5 Lakhs
Tenure6 months - 36 months
Loan Processing FeeRs. 199 onwards
TypesInstant Cash Loan, Personal Loan, & Salary Advance Loan

Note: Fibe is powered by https://www.fibe.in/ and the information mentioned here is provided by Social Worth Technologies Private Limited.

Fibe App

Fibe is an innovative mobile application based lending platform that provides small bridge loans to the customers who have exhausted their salaries. The loan helps borrowers sail through until they get their next salary. You can get an Fibe Loan up to Rs. 5 Lakhs for a maximum tenure of 36 months, based on the scheme type.

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Fibe Interest Rate

Fibe interest rate for personal loans remains amongst the lowest in the industry. While the rates are dependent on the borrower’s profile and eligibility score, they can start from as low as just Rs. 9 per day. This Fibe interest rate applies to all loan tenures sanctioned to the borrower, right from 6 months to 36 months. There is a minimal processing fee and no extra charges for prepayment of the loan.

Fibe Personal Loan Benefits

  • No collateral required for Fibe loan as it is based on your salary and comes with an auto-debit option.
  • You can convert your Fibe credit into 3 to 6 EMIs.
  • Prepayment is available at zero charges. You only have to pay the interest for the amount outstanding.
  • Transparent application process.
  • You can also apply for an Fibe credit card.
  • Instant money transfer to your bank.
  • No long forms and no paperwork involved.
  • Apply for repeat loans anytime through the Fibe app.

Documents Required for Fibe Personal Loan

The following documents must be uploaded to complete the registration process with Fibe personal loan:

  • PAN card
  • Selfie
  • Bank statement of last 3 months
  • KYC document (any one):
  • In some cases, customers may also be required to submit the following documents along with the above documents for Fibe loan:
    • Last 3 months' salary slips
    • Current address proof (any one):
      • Gas bill
      • Electricity bill
      • Postpaid phone bill
      • Bank statement
      • Employment letter

How to Calculate Fibe Personal Loan EMI?

  • When you apply for a loan, make sure that you are aware of the EMI well in advance. That way, you can be sure that you will be able to make all the repayments on time without any burden each month.
  • You can calculate your Fibe EMI with their personal loan EMI calculator given on their website under the EMI Calculator section. The Fibe EMI Calculator helps you check the exact EMI amount that you will have to pay on the desired loan amount. All you need to do is select the desired loan amount, tenure and Fibe loan interest rate.
  • You can use MyMoneyMantra EMI Calculator to get the exact EMI instantly.

Fibe Loan Features

  • The instant loan on the Fibe app is loaded with the following attractive features:
  • Flexible loan amount: You can get a loan amount of Rs. 5,000 to up to Rs. 5 Lakhs, based on your eligibility criteria and the type of loan availed.
  • Low-interest rate: These salary advance loans come at competitive Fibe app interest rate starting from as low as Rs. 9/day and can go up to 30% per annum, depending on your creditworthiness.
  • Flexible repayment tenure: Fibe Short Term Loan comes with flexible repayment tenure of up to 36 months, depending on the type of scheme you have applied for.
  • Low processing fees: The processing fees charged on these loans are minimal and can vary between Rs. 199 to Rs. 4,000, based on the loan amount that you apply for.

Fibe Personal Loan Eligibility Criteria

The customer must fulfill the following Fibe Personal Loan Eligibility Criteria in order to get approval on his or her loan application, as mentioned below:

  • The applicant should be above 21 years and below 55 years of age.
  • Minimum monthly salary requirement: Rs. 15,000 for Tier 2 & Tier 3 cities and Rs. 18,000 for Tier 1 cities.
  • The applicant must be an Indian citizen.
  • Your CIBIL score must be at least 600 or above.

The app currently offers instant cash loans in:

DelhiNew DelhiGurgaon
FaridabadNoidaGreater Noida
GhaziabadMumbaiNavi Mumbai
ThanePune Chennai

Fibe Personal Loan Charges

Charge TypeAmount
Late payment charges3% of outstanding amount each month, subject to a minimum of Rs. 500.
Repayment Instrument Reject ChargesRs. 250 per rejection
Charges for bouncing of repayment instrumentRs. 500 per month
Stamp dutyRs. 100 – Rs. 200
Prepayment chargesNil

*18% GST is applicable on all the charges mentioned above.

Fibe Personal Loan Customer Care

You can contact the Fibe Personal Loan Customer Care of Fibe loan app through the following channels:

  • Phone: 020-67639797
  • Customer queries: care@fibe.in
  • Press Enquiry: pr@fibe.in

Also Check: Personal Loan Customer Care Number

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Fibe Personal Loan FAQs

What are the repayment options available for Fibe Personal Loans?


You can make Fibe repayment online through the mobile app. You also have the option of providing an ECS or NACH to auto-debit the loan amount from your salary account. In this case, the EMI will be deducted from your account directly on the due date for Fibe repayment.

Are late payments informed to Credit Bureaus?


Yes. All the lending partners and NBFCs of Fibe company are registered under RBI. As per the RBI guidelines, they are obligated to providing all the information on the repayments made by the customer towards the loan. This includes credit bureaus like Equifax and CIBIL as well. This may impact the chances of the user getting any suitable credit in the future. Therefore, it is recommended that repayments be made on time

What is the Refer a Friend Offer?


Each time you refer a friend to Fibe apps, you get incentives for yourself and your friend. You and your friend will receive Rs. 200 off on the loan amount that you have applied for.

Is it possible to cancel or close the account permanently?


Yes. Customers have the option of closing an account permanently after clearing all outstanding dues towards the account. The customer will not be able to apply for an additional loan after the account has been deactivated. In order to deactivate the account, the customer has to send an email to care@fibe.com.

In which cities this facility is available?


You can access Fibe from Delhi, New Delhi, Gurgaon, Faridabad, Noida, Greater Noida, Ghaziabad, Mumbai, Navi Mumbai, Thane, Pune, Chennai, Coimbatore, Hyderabad, Secunderabad, Surat, Vadodara, Bangalore, Mysore, Mangalore, Chandigarh, Ahmedabad, Jaipur, Bhubaneswar, Kolkata, Visakhapatnam, and Vijayawada.

Why is social media data required?


Apps like Fibe use social media data or any other social data that is available on your device in order to assess your application. The Social Worth Score is extremely important in determining the client profile. Therefore, it is recommended that users update all the information on Facebook, LinkedIn and other social media profile in order to get access to loans through the Fibe application.

How can I repay my EMI?


Fibe Personal Loan payment can be made through EMIs using the Fibe app by activating Auto Payments. The Fibe app download is available on iOS well as Android smartphones. If you wish to prepay (at zero charges), or if the Auto Payment facility is yet to be activated, you can pay via Net Banking or UPI. You can also add Fibe as a beneficiary in your bank account to transfer money to them just like you transfer money to your friends/family via NEFT or IMPS.

Is Fibe an NBFC or a bank?


Fibe is a fintech that acts as a bridge between salaried professionals who are in need of urgent funds and lenders who can be banks or Non-Banking Financial Companies (NBFCs). It is a digital platform partnered with banks and NBFCs to offer short-term cash advance loans to salaried people.

What is the interest rate of Fibe Personal Loan?


The Fibe Personal Loan rate of interest may vary between 24% and 30% per annum.

How can I get a salary in advance?


You can apply for a salary advance through one of the following two ways:

  • Sign-up from Fibe website and complete the loan application. However, for transferring loan money to your bank account, you will need to download the app.
  • Download the Fibe app from Apply App Store or Google Play Store and complete your application. You will get your sanctioned cash limit, which will be transferred to your account within minutes.

Does Fibe check the CIBIL score?


Yes. Fibe checks your credit score as it is a representation of your creditworthiness. While Fibe offers personal loans in spite of having a bad or no credit score, its importance in making any big financial decision cannot be dispensed with.