Fibe Personal Loan - Interest Rates, Fees & Apply Online

Key Features & Value Benefits

Zero Foreclosure Charges

Prepay or foreclose your loan at any point without paying any penalty or foreclosure fees.

Instant Disbursal in 2 Mins

End-to-end digital verification allows money to be credited to your bank account within minutes.

100% Digital Journey

Completely paperless application process handled online via app or web portal.

Interest on Utilized Amount

Benefit from line-of-credit flexibilities where you only pay interest on the money you withdraw.

Added Privileges

Pre-Closure

Value: Zero Charges

Close your loan account whenever you want with zero foreclosure penalty.

Disbursal Speed

Value: 2 Minutes

Instant approval and immediate account transfer without lengthy underwriting delays.

Multipurpose Usage

Value: Unrestricted

Use loan proceeds for travel, medical emergencies, wedding expenses, education, or bill payments.

Eligibility Criteria

Age Bracket 19 to 55 Years

Min. Monthly Income ₹20,000 / mo

Employment Type Salaried Only

Credit Score Needed 680

680+ with at least 1 year credit history. Select new-to-credit applicants may also be considered.

Collateral / Security No

Guarantor Required No

General Terms: Indian resident, age 19 to 55 years, minimum take-home salary of Rs. 20,000 per month.

Work Experience: Exclusively for salaried professionals. Self-employed, homemakers, retired, and students are not eligible.

Detailed Eligibility Matrix

Age 19 - 55 Years

Occupation Salaried Only

Monthly Income Rs 20,000+

Credit Score 680+ CIBIL

Fees & Other Charges

Charge Name	Standard Terms
Processing Fee	2.00 (percentage) — 2% to 2.75% of the loan amount onwards + GST
Prepayment / Part-Payment	NIL (Pay interest only on the amount you use)
Foreclosure Charges	NIL (Zero foreclosure charges)
Late Payment Penalty	Rs. 500 or 3% of the overdue EMI amount for every delay, whichever is higher
EMI Bounce Charges	Rs. 500 per bounce + GST

Additional Fee Schedules

Processing Fee: 2% - 2.75%

Starting from 2% of loan amount + applicable taxes.

Foreclosure Charges: NIL

No charges applicable on pre-closure or early repayment.

Bounce Charges: Rs 500

Rs 500 per NACH / e-mandate bounce instance.

Late Payment Charges: Rs 500 or 3%

Rs 500 or 3% of the overdue EMI amount per delay, whichever is higher.

Mandate Rejection Fee: Rs 250

Applicable on mandate setup rejections.

Stamp Duty: 0.1%

0.1% of loan amount as per state stamp duty regulations.

Required Documents

PAN Card

Identity verification and credit bureau fetch

Mandatory

Aadhaar Card

Digital address and KYC identity verification

Mandatory

Bank Statement

Salary account statement for the last 3-6 months

Mandatory

Salary Slip

Recent salary slip showing corporate employer details

Optional

Photograph

Clear digital selfie taken during application

Mandatory

PAN Card, Aadhaar Card / ID Proof, Address Proof, Bank Statement for last 3-6 months, Latest Salary Slips

Usage & Application Restrictions

Non-Salaried Applicants Self-employed individuals, business owners, freelancers, homemakers, retired persons, and students are strictly not eligible.

Speculative End-Use Loan proceeds cannot be used for stock market investments, gambling, or speculative trading.

Official Partner Offer

Ready to Apply?

Get fast digital in-principle sanction directly with Fibe.

Proceed to Application

Direct SSL Encrypted Application

Paperless & Instant Verification

Quick EMI Calculator

Loan Amount ₹5,00,000

Interest Rate (% p.a.) 18%

Tenure (Years) 3 Years

Estimated Monthly EMI

₹16,253

Total Payable: ₹5,85,108

Data Transparency Verified

Last checked on: 2026-10-13

Primary Sources:

Official Lender Portal: portal.fibe.in
Partner Aggregator (Paisabazaar): www.paisabazaar.com