Friday, March 17, 2023

Personal loan of up to ₹5 lacs by Fibe (Formerly EarlySalary)


Personal loan of up to ₹5 lacs by Fibe (Formerly EarlySalary)


We got your cash needs covered. Get approved on Fibe with 3 to 24 month flexible EMI options, minimum documentation, low interest rates starting 12%p.a.* and ZERO foreclosure charges.

Get a Personal Loan of up to ₹5 lacs and repay on your own terms. Effortless application. Takes just 10 mins to apply.

Get instant cash transferred to your bank account in minutes.

Loan in 10 mins

Low interest rate

100% digital process

Eligibility Criteria
:- Min Salary ₹18,000
:- For salaried individuals
:- Age: 21-55 years

App Downloads :- 10MN+
Loans Given :- 4MN+
Money Disbursed :- ₹10,000+ Crores
Happy Customers :- 15 Lacs+
Corporate Tie-ups :- 5,000+

Personal Loan Fees & Charges

Here’s an example on how a personal loan from Fibe (Formerly EarlySalary) works :-

Loan amount :- ₹ 50,000

Processing fee (2% of loan amount * 18% GST) : ₹ 1,180
Total Loan amount :- ₹ 51,180

Interest :- 24% p.a. (on reducing principal balance interest calculation)

Tenure :- 12 months

Your EMI :- ₹ 4,840

Total Amount to be paid :- ₹ 4,840 x 12 = ₹ 58,075

Total interest paid :- ₹ 58,075 - ₹ 51,180 = ₹ 6,895

Total cost of loan :- ₹ 6,895 + ₹ 1,180 = ₹ 8,075

APR (Annual Percentage Rate) :- 28.58%



Steps :-
(1) Register :- Sign up with your mobile number
(2) Apply :- Fill in a few details
(3) Instant Approval :- Know your approved limit
(4) Transfer Money :- One click transfer to your bank

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