Fibe previously known as Early Salary Personal Loans, offers a loan up to a maximum of Rs. 5 Lakhs. Catering to individuals with a minimum salary of Rs. 18,000, enjoy competitive interest rates starting from just 2.5% per month
| Interest Rate | 2.5% per month |
| Loan Amount | Upto Rs 5,00,000 |
| Loan Tenure | 3 to 36 months |
| Minimum Monthly Income |
Rs 15000 for non metro Rs 18000 for Metro |
Disclaimer: All loans are at the sole discretion of Fibe.
Fibe (Early Salary) offers personal loans with interest rates starting from 18% p.a. The interest rate you are offered will depend on your credit score and other factors. The loan amount is available up to Rs. 5 lakh. To be eligible for the loan, you must be a salaried employee with a minimum monthly income of Rs. 15,000 for those living in nonmetro and Rs 18,000 for those living in the metro.
| Processing Fee | 2.5% of the Loan amount |
| Foreclosure Charges | Nil |
| Prepayment Charges | Nil |
Disclaimer: The processing fee and charges are subject to Fibe's policy. Please check the Fibe site
Choosing Fibe (Early Salary) Personal Loan can be a wise decision for several reasons:
Unique Features: Fibe (Early Salary) offers a range of unique features that set it apart. With a quick and easy application process, instant approval, and loan amounts ranging from Rs. 5,000 to Rs. 5 Lakhs, it caters to a variety of financial needs. The loan is also available to individuals earning a minimum salary of Rs. 18,000, making it accessible to a wide range of applicants.
Competitive Rates: Fibe (Early Salary) offers competitive interest rates starting from 2.5% per month, which is lower than many personal loans in the market. Additionally, the processing fee is minimal at 2.5%, making it a cost-effective choice.
To be eligible for the FIBE (Early Salary) Personal Loan, applicants must meet the following criteria:
Age: Applicants must be at least 19 years old and not more than 55 years old at the time of application.
Employment: Applicants should be employed at the time of application. Both salaried and self-employed individuals can apply.
Minimum Salary: Applicants should have a minimum monthly income of Rs. 18,000.
Credit Score: A good credit score is often required, as it indicates the applicant's creditworthiness and repayment capacity.
Residential Status: Applicants should be residents of India.
Applying for a Fibe Personal Loan on Investmentcover is quick and easy. Here are the steps you need to follow:
Apply Online: Visit investmentcover and Complete the application form by providing your personal, employment, and financial details.
Submit Documents: Upload the necessary documents, which typically include proof of identity, proof of address, and proof of income.
Loan Approval: After your application and documents are verified, your loan will be approved. Fibe (Early Salary) offers instant approval, so you won't have to wait long.
Loan Disbursement: Once approved, the loan amount will be disbursed directly into your bank account.
The repayment terms for the Fibe (Early Salary) Personal Loan are as follows:
Repayment Period: The loan amount is to be repaid in monthly installments over a period ranging from 3 to 36 months. This provides borrowers with the flexibility to choose a repayment period that best suits their financial situation.
Interest Rate: The loan carries an annual interest rate of 18%. p.a. This interest is calculated on the outstanding loan amount and is included in the monthly installment payments.
Disclaimer: The late payment or prepayment charges are subject to the lender's policy. It's advised to check with a partner directly.
In conclusion, the Fibe (Early Salary) Personal Loan offers a range of benefits for those in need of financial assistance. With its unique features such as easy documentation, high loan amounts of up to Rs. 5 Lakhs, and instant approval, it stands out in the market. The competitive interest rates starting from 2.5% per month and a minimal processing fee make it a cost-effective choice. Catering to individuals earning a minimum salary of Rs. 18,000, it's a wallet-friendly option. If you're looking for a personal loan that offers flexibility, convenience, and affordability, the Fibe( Early Salary) Personal Loan could be the right choice for you. For more information or to apply, don't hesitate to contact Fibe (Early Salary's) customer service. They're ready to assist you with your financial needs.
If your concern or question to the Fibe (Early Salary) customer service staff is not handled in the first instance, you can escalate your claim to Level 1. If it is still unresolved, you can contact Level 2 of the customer redressal.
Here are the details of each level:
If your concern is still unresolved after you have escalated it to Level 2, you can contact the Early Salary ombudsman. The ombudsman is an independent body that is responsible for resolving customer complaints. Here are the contact details for Early Salary customer support, the head of customer relations, and the ombudsman: Fibe customer support: 020 67639797