Fibe: Instant Personal Loan

First Instant Loan App in India

Key features
Loan amount: ₹ 8,000 - ₹ 5 lacs
Loan in just 10 minutes
Tenure: 3 – 24 months
100% digital process
Minimal paperwork
No collateral required
No pre-closure charges

Fibe (formerly EarlySalary) is one of the most trusted lending apps
₹ 8,000+ crores worth loans disbursed
28 lacs loans disbursed
5 lacs+ happy customers

Here’s an example on how loans from EarlySalary work
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%

Eligibility Criteria

Salaried Individuals
Above 21 years
Minimum take-home salary per month ₹15K

Documents Required

Fibe (formerly EarlySalary) aims to be one of the most user-friendly Instant Personal loan apps in India.
PAN
Aadhaar card
Salary Account bank statement

How to apply?
1. Login to the Fibe (formerly EarlySalary) app.
2. Fill in some basic details and upload few documents.
3. Choose the loan amount and tenure.
4. Get the money transferred to your account in 10 minutes.

Interest rates and other charges

Below is the applicable fees and charges for loan products from Fibe (EarlySalary):
Charges
Amount
Interest rate
Starting 2% per month
Processing fee
Up to 3% of the loan amount
Bounce charges
₹ 500
APR (Annual Percentage Rate)
Ranges between 16.75% to maximum 74%
Late payment charges
₹ 500 or 3% of the loan amount whichever is higher as per overdue amount
Stamp duty
0.1% of loan amount
Mandate rejection charges
₹ 250 + GST
Pre-closure charges
₹ 0


A penalty is charged only when someone delays their scheduled payment. In addition, GST will be applicable only on the fee components as per Indian laws. All the customers are made aware about details regarding fees and charges through the agreement which is shared on their registered email ids, also the customers can access their loan details 24*7 through our App.

About Fibe (Formerly EarlySalary)
Fibe App is owned by Social Worth Technologies Private Limited and facilitates Lending related services primarily through our in-house RBI registered NBFC, EarlySalary Services Private Limited (Formerly known as Ashish Securities Pvt. Ltd.). It is one of India’s leading digital lending apps focused on young, aspirational and tech-savvy Indian consumers. It is a financial ecosystem that enables the mid-income group to upgrade their lifestyle. It hosts an array of financial products like short-term Instant Cash Loans, long-term Personal Loans and Buy Now Pay Later plans. Fibe offers a 100% digital loan application process that takes just minutes to complete.
Our lending partners:
Earlysalary Services Private Limited
Northern Arc Capital Limited
Incred Financial Services
HDB Financial Services
Vivriti Capital Limited
Kisetsu Saison Finance (India) Private Limited
Piramal Capital and Housing Finance Limited
Aditya Birla Finance Limited