- In today’s blog post, we will guide you through the process of obtaining a loan from the Fibe App. We will cover the important steps, eligibility criteria, required documents, loan amounts, interest rates, and the various benefits of using this smooth online platform.
What is the Fibe App?
Fibe Loan App is a popular online loan application that has been downloaded by many users. Till now it has disbursed loans to thousands of individuals in INDIA without any hustle and also partnered with several financial institutes to provide enhanced financial service
How to Get a Loan from the Fibe App?
Follow these simple steps to apply for a loan using the Fibe App:
• Download and install the Fibe Loan Application from Google Play Store.
• Open the app, grant the necessary permissions, and enter your mobile number.
• Select the “CASH Loan” option from the Fibe app homepage.
• Fill up your details such as personal, work profile ,about your address and click on the “proceed “ button.
• Next process is to upload the bank statement of last 1 year and then click on the submit option.
• Receive a credit limit based on your banking history.
• Complete your online E-KYC to receive the approved credit limit in your bank account.
• Verify your Aadhar card number through the share code and OTP.
• Connect your bank to link Auto debit Nache mandate by linking your debit card or Internet Banking.
• Wait for a 10-minute review period, and then transfer the approved credit limit to your bank account.
Eligibility Criteria:
To qualify for a loan from Fibe App, you need to meet the following criteria:
• Age between 21 to 55 years.
• Indian citizenship.
• Salaried employment (having a job).
• In-hand salary of ₹18,000 (Metro Cities) or ₹15,000 (Non-Metros).
Types of Loans Offered:
Fibe Loan App provides various types of loans, including Pay Later Loan, Travel Loan, Education Loan, Shopping Loan, and Instant Cash Loan.
Documents Required:
To complete the loan application, you’ll need to provide the following documents:
• Selfie photo
• Identity proof (Passport/Aadhar Card/PAN Card/Driving License)
• Address proof (Passport/Rent Agreement/Utility Bill/Voter ID)
• Bank statements and pay stubs from the last 3 to 6 months.
Loan Amount:
You can obtain a loan ranging from ₹5,000 to ₹5,00,000 using the Fibe Personal Loan App.
Interest Rate:
Interest rates on Fibe App loans range from 2% to 74% per annum. The rate depends on the loan amount, and a good CIBIL score can secure a lower interest rate.
Benefits of Fibe App Loans:
• No paperwork – The entire process is online.
• Attractive interest rates with instant processing.
• No prepayment charges.
• Quick transfer of the loan amount to your bank account.
• Loans available even with a low CIBIL score.
• Simple digital application process.
• Repeat loans can be easily applied for at any time.
Conclusion:
Applying loan on the FIBE APP is a hassle-free process with several benefits that directly help people who need financial assistance in a short period without running here and there. So recommended to follow the above-mentioned guidelines to avail of a personal loan easily from the FIBE APP.
