Select Fibe and Apply Now
Benefits of Fibe Instant Loan
🔹 Interest rate: starting from 15%
🔹 Finance up to ₹5 lacs
🔹 Flexible repayment tenures 3 to 36 months
🔹 No physical documentation
🔹 Repay anytime with no pre closure cost
🔹Application Process 100% Online
🔹 No paperwork is required
🔹Disbursal 10 Minute Disbursal
🔹 Get the loan amount directly into bank account
Fees & charges
🔹 Processing Fees - Rs. 299 and above
🔹 Min foreclosure time - there is no minimum time
Eligibility Criteria Salaried
❏ Age Group: 21 - 55 years
❏ Income Range: ₹15,000+(Non-Metro) to ₹18,000+(Metro)
❏Only 130 Cities (Tier 1 & 2 Cities)
❏Employment Type : Salaried
❏ CIBIL 700+
❏ New to Credit available for Income Proof of ₹25000+
Documents Required:
🔹 Identity proof: Any one of the documents - PAN Card, Ration Card, Aadhaar Card, Voter ID Card, Driving Licence
🔹 Address proof: Any one of the documents - Aadhaar card, passport, Voter ID Card
🔹 Income Proof: Salary certificate, Recent salary slip, Employment letter
Process Journey
♦️Customer need to enter the name and mobile number and click on 'start journey now'.
♦️ Now the customer will be redirected to the play store app to install the app.
♦️ Allow permission to access the device & location, enter the mobile number and accept T&C and verify with the OTP.
♦️ Now customer has to log in with anyone option given on the screen.
♦️ Multiple loan options will be shown on the screen, click on cash loan and proceed for the next step.
♦️ Now the customer has to complete the profile by submitting the personal details.
♦️ After this submit professional details like profession, company name, designation, total experience, etc and click on 'Proceed'.
♦️ On the next screen customer has to submit a complete address, then the system will check the eligibility and give an immediate result based on details.
♦️ Now the customer has to submit a Bank statement for further verifications, select any one preferred bank from the list and go ahead.
♦️Customer can verify bank details by entering internet banking ID and password via online OR, can upload 3 months salary bank account statement on app.
♦️ Once the bank details are verified customer will get an approval message and the eligible loan amount will be shown on the screen.
♦️ Now the customer has to complete the KYC process, first upon submit bank details to get the cash transferred into the account.
♦️ Now the user has to upload selfie, then Pan card images, and Aadhaar card images of the front and backside.
♦️ After this the customer will get a message on the screen that 'documents are under review'.
♦️ On the next page customer need to click on the yellow box to proceed to the next step.
♦️ Now the customer can see the approved loan amount on the screen, click on 'Transfer now' then the customer can customize the expected loan by entering the amount number and click on 'confirm'.
♦️ Customer has to set up E-Mandate through which customer's bank initiates the mandates to the sponsor bank to which amount needs to be paid.
♦️ Click on register to E- Mandate, customer has to pay the suggested charges for this.
♦️ Once all the processes will be done, the customer has to enter the mobile number and verify with the OTP then the amount will be transferred to the account in some time.
Rules
🔵 Available to new customers only (should not have any existing relationship with users)
🔵 If you are not able to complete the loan application process due to any reason, you must complete the process using the same link to get benefits.
🔵 The same mobile number will be used throughout the onboarding process
🔵 Customer's mobile number should be linked with Aadhaar card.
🔵 Customer must complete the application on their device. If more than one customer use the same device to apply, then loan gets rejected.
Frequently Asked Questions (FAQS)
1. Where is my loan disbursed?
-The loan amount is transferred directly to your bank account, which is provided by you during the loan application process.
2. Where can I spend the loan amount?
- As it is a personal loan and the amount is transferred directly into your bank account, you can use it for any personal reason anywhere.
3. My KYC documents are correct, but they are not being verified, what should I do?
- Please ensure that you are taking a clear photo of the original documents. Taking a photo of an existing photo(from another mobile screen or computer screen) may not work.
4. Is it possible to get a loan above 1 Lakh?
- Yes, based on your repayment behaviour and documents provided, you may avail a loan with an amount of more than ₹1,00,000/-
5. How can I repay my loan?
- You can repay your loan by heading over to the
Repayments section and making an online payment. We support payments via Net Banking, Debit Card, UPI, Paytm Wallet and Bank Transfer. Use Bank Transfer option to avoid convenience charges.
6. What happens if I don’t repay on time?
- Penalty charges will be applied for everyday that the loan is overdue. Your Credit score will be updated as a defaulter with credit rating agencies (CIBIL, CRIF HighMark, etc.) which will make it difficult for you to take loans with any bank or financial institution in the future.Companies also check an individual's credit score and
may not offer you employment if your credit score is bad.
Tags
Personal Loan