PSB financial and loan services

Fibe (formerly EarlySalary) Personal Loan

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Right Document : Easy Process

Required Documents to Apply for Fibe Personal Loan

  • KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
  • Last 3 month Salary Slip
  • Last 6 month Bank Statement in PDF
  • Form 16 of last 2 year
  • Rent Agreement if rented or Utility Bill if residence is owned
  • Sanction Letter of all current running loan if any
  • Office ID Card or Official EMAIL ID if any

About Fibe Personal Loan

Apply for a personal loan from Fibe up to Rs. 5 lakh and pay it back in manageable EMIs. The effective interest rate ranges from as low as Rs. 9 per day (Rs. 6.7 per day for Rs. 10,000 to HR-tied-up organizations), and the maximum duration is between 6 and 36 months. The loan processing charge starts at Rs. 199. There is no additional charge to repay the loan.

Highlights of Fibe Personal Loan

  • Loan amount: up to Rs. 2 lakhs
  • Form 16 of last 2 years
  • Loan tenure: up to 6 months
  • Interest rate: 15.00% to 30.00% p.a.
  • Eligible applicant age: between 21 years to 55 years
  • Metro Cities: Minimum monthly salary of the applicant: Rs. 18,000
  • Non-Metro Cities: Minimum monthly salary of the applicant: Rs. 15,000
  • Processing Fees: 2% of the actual loan amount

Key features of SalaryCard

  • This card allows you to pay your loan payments on or before the EMI dates at zero interest.
  • This card is not going to impact your credit score utilization
  • This does not have any joining fees or annual fees
  • The card allows you to choose the tenure of your wish for repaying the loan EMIs

Rebranding of Early Salary to Fibe

The most trending digital lending platform, EarlySalary, has rebranded itself as Fibe in September 2022 after achieving an AUM (assets under management) of approx $2.3 billion over the next five years. Fibe aims to extend the operations of this platform and build a significant presence with its outstanding product lines. This newly branded company seeks to create a more extensive network of BNPL partners and expand its presence, especially in tier III and IV cities.

EarlySalary has worked hard in its time as the best Salary Advance Business. Over the years, they have launched multiple personal loan options and have always satisfied their users. They have a diverse customer base with positive feedback about the company. And now, with Fibe, even a new website has been created for the same, as “fibe.in”.

The name Fibe is a mixture of “Finance and Vibe” that shows the brand’s efforts in providing hassle-free financial experiences to its users. As of now, in the current date, the company has around 3 million loans, a total worth more than $1 billion till now. The two main things that EarlySalary used to offer to their customers and even Fibe is offering currently are personal loans and Salary cards. So let us know a bit more about these two best services of Fibe.

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Let us take an example, How EMI is being calculated

For instance, if “Himanshu” applies for a Fibe (formerly EarlySalary) Personal Loan of INR ₹100000 and get the loan sanctioned at the rate of 18% with a tenure range of 30 Months , in such a case his EMI would be INR ₹4,164 and complete repayment amount till the end of 30 Months tenure would be INR ₹1,24,918 (i.e ₹4,164 EMI * 30 Months), wherein the total interest amount is INR ₹24,918 along with principal repayment of INR ₹4,164. Few additional charges like those of minimal one-time processing fee 2% of the disbursed amount + GST of loan amount may apply. T&C apply.
Year Principal
(A)
Interest
(B)
Total Payment
(A + B)
Balance Loan Paid To Date
2022 ₹ 2,664 ₹ 1,500 ₹ 4,164 ₹ 97,336 2.66%
Dec ₹ 2,664 ₹ 1,500 ₹ 4,164 ₹ 97,336 2.66%
2023 ₹ 35,262 ₹ 14,705 ₹ 49,967 ₹ 62,074 37.93%
Jan ₹ 2,704 ₹ 1,460 ₹ 4,164 ₹ 94,632 5.37%
Feb ₹ 2,744 ₹ 1,419 ₹ 4,164 ₹ 91,888 8.11%
Mar ₹ 2,786 ₹ 1,378 ₹ 4,164 ₹ 89,102 10.90%
Apr ₹ 2,827 ₹ 1,337 ₹ 4,164 ₹ 86,275 13.73%
May ₹ 2,870 ₹ 1,294 ₹ 4,164 ₹ 83,405 16.60%
Jun ₹ 2,913 ₹ 1,251 ₹ 4,164 ₹ 80,492 19.51%
Jul ₹ 2,957 ₹ 1,207 ₹ 4,164 ₹ 77,536 22.46%
Aug ₹ 3,001 ₹ 1,163 ₹ 4,164 ₹ 74,535 25.47%
Sep ₹ 3,046 ₹ 1,118 ₹ 4,164 ₹ 71,489 28.51%
Oct ₹ 3,092 ₹ 1,072 ₹ 4,164 ₹ 68,397 31.60%
Nov ₹ 3,138 ₹ 1,026 ₹ 4,164 ₹ 65,259 34.74%
Dec ₹ 3,185 ₹ 979 ₹ 4,164 ₹ 62,074 37.93%
2024 ₹ 42,160 ₹ 7,807 ₹ 49,967 ₹ 19,915 80.09%
Jan ₹ 3,233 ₹ 931 ₹ 4,164 ₹ 58,841 41.16%
Feb ₹ 3,281 ₹ 883 ₹ 4,164 ₹ 55,560 44.44%
Mar ₹ 3,331 ₹ 833 ₹ 4,164 ₹ 52,230 47.77%
Apr ₹ 3,380 ₹ 783 ₹ 4,164 ₹ 48,849 51.15%
May ₹ 3,431 ₹ 733 ₹ 4,164 ₹ 45,418 54.58%
Jun ₹ 3,483 ₹ 681 ₹ 4,164 ₹ 41,935 58.06%
Jul ₹ 3,535 ₹ 629 ₹ 4,164 ₹ 38,400 61.60%
Aug ₹ 3,588 ₹ 576 ₹ 4,164 ₹ 34,813 65.19%
Sep ₹ 3,642 ₹ 522 ₹ 4,164 ₹ 31,171 68.83%
Oct ₹ 3,696 ₹ 468 ₹ 4,164 ₹ 27,474 72.53%
Nov ₹ 3,752 ₹ 412 ₹ 4,164 ₹ 23,723 76.28%
Dec ₹ 3,808 ₹ 356 ₹ 4,164 ₹ 19,915 80.09%
2025 ₹ 19,915 ₹ 905 ₹ 20,820 ₹ 0 100.00%
Jan ₹ 3,865 ₹ 299 ₹ 4,164 ₹ 16,049 83.95%
Feb ₹ 3,923 ₹ 241 ₹ 4,164 ₹ 12,126 87.87%
Mar ₹ 3,982 ₹ 182 ₹ 4,164 ₹ 8,144 91.86%
Apr ₹ 4,042 ₹ 122 ₹ 4,164 ₹ 4,102 95.90%
May ₹ 4,102 ₹ 62 ₹ 4,164 ₹ 0 100.00%