Fibe (Formerly EarlySalary)

Instant Cash Loans, Personal Loans, Online Loan, Instant Personal Loans
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
• 35 lacs loans disbursed
• 5 lacs+ happy customers

Here’s an example on how loans from Fibe (Formerly EarlySalary) work
Example
• 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 (Formerly 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 (Formerly EarlySalary) App is owned by Social Worth Technologies Private Limited who 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, Buy Now Pay Later plans. Fibe (Formerly EarlySalary) offers a 100% digital loan application process that takes just minutes to complete.
Our lending partners:
• Earlysalary Services Private Limited (Formerly Known as Ashish Securities 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

Recent changes:
1. To enhance the Instant Loan Experience we have made our app journey smoother.
2. Stay connected with our new product launch and existing product enhancements with our all-new Blog section been included in the App.
3. Now our customers can opt-in for Instant Loan up to 5L and choose from EMIs up to 24 months.
4. Refer friends and get assured gift coupons worth Rs.5555 and more when your friends sign up on the EarlySalary app!