Fibe: Instant Personal Loan

What the Fibe personal loan app offers

Fibe is a personal loan app. Its main product is a personal loan of up to ₹10 lakh, offered to salaried individuals. The listing also names fixed deposits, UPI payments and a product it calls Purpose Driven Financing, but gives no detail on any of them.

The listing says the loan amount, tenure and interest rate depend on each applicant's financial profile and the lender's assessment. Eligibility is therefore not fixed for every applicant.

Applying online and repaying in monthly instalments

The whole application is done online, and the listing says it needs minimal documentation. For eligible applicants, approval is instant and the money is disbursed directly to the borrower's bank account.

Repayment runs over 6 to 36 months, with EMIs the listing describes as affordable and charges it describes as transparent. Borrowers can repay early with no foreclosure charges.

Expenses the personal loan is marketed for

The listing presents the loan for five kinds of spending: medical emergencies or medical bills, buying a used car, wedding expenses, home repairs and travel. Each is listed as its own use case on the app's page.

These are examples the listing gives, not limits on how the money can be spent. The loan is pitched at expenses that arrive suddenly as well as planned ones.

Who the loan is aimed at

The listing aims the loan at salaried people who need a lump sum for a specific expense and want to apply from their phone. Anyone outside salaried employment is not mentioned as a target.