Fibe, formerly known as EarlySalary, is a digital lending platform that offers instant personal loans, salary advances, and Buy Now Pay Later (BNPL) services. The app caters to salaried and self-employed individuals, providing loan amounts ranging from ₹1,000 to ₹5 lakh, with repayment tenures spanning 3 to 24 months. Fibe aims to provide quick, paperless, and flexible credit solutions to meet users’ immediate financial needs.
Key Features
Feature
Details
Loan Amount Range
₹1,000 to ₹5 lakh
Interest Rates
24% to 36% per annum (reducing balance method)
Repayment Tenure
3 to 24 months
Processing Fees
Up to 3% of the loan amount (depending on lender)
Loan Disbursal Time
Instant to 24 hours
Credit Score Access
Free CIBIL score with regular updates
Documentation
PAN, Aadhaar, selfie, bank statement (digital upload)
Marketplace
Compare loan offers from multiple banks and NBFCs
Regulatory Compliance
Partners only with RBI-approved lenders
Platform Availability
Android and iOS apps, plus web platform
Pros & Benefits
Quick Loan Disbursal: Loans are processed and disbursed within a short time frame.
Paperless Process: Entire application and approval process is digital, reducing paperwork.
Wide Reach: Available in numerous cities, making it accessible to a large population.
Flexible Repayment Options: Offers various EMI plans to suit different financial situations.
No Credit History Required: Provides loans to individuals without prior credit history.
Cons & Challenges
High Interest Rates: Interest rates can be relatively high compared to traditional banks.
Limited Customer Support: Absence of a direct customer care number may lead to delays in issue resolution.
Processing Fees: Additional charges may apply, increasing the overall loan cost.
Variable Terms: Loan terms and conditions may vary, leading to potential confusion.
Limited Transparency: Some users have reported a lack of clarity in fee structures and repayment schedules.
User Experience Feedback (2025)
User
Experience Summary
Feedback
Venky N.
Repaid loan early but still marked as pending; no support response to correction requests.
Negative
Oli R.
Loan interest escalated quickly; ₹2,000 loan turned into ₹4,000+ within a month; aimed at gig workers.
Negative
Dilli B.
Timely repayments marked late; credit score took a hit; lender partnerships disappointing.
Loan disbursed in less than 24 hours; faster than expected.
Positive
Amrit L.
Minimal paperwork and quick follow-up helped get the loan within two days.
Positive
Professional User Feedback Points
“Repaid early but loan still marked as unpaid; support didn’t fix the error.”
“Interest charges grew rapidly; small loan doubled in just a few weeks.”
“EMI marked late even though payment was on time; credit score dropped.”
“Credit score decreased due to delayed or inaccurate lender reports.”
“Customer service was unresponsive during repayment disputes.”
“Helpful and courteous staff; smooth loan disbursal experience.”
“First loan process was seamless; disbursed within 3 days.”
“Wide choice of lenders and good user experience.”
“Loan approval and disbursal happened faster than I expected.”
“Minimal documentation and timely communication throughout the process.”
Best Use Cases
Scenario
Suitability
Need to compare multiple loan offers easily
Highly Suitable
Looking for larger personal/business loans
Suitable
Want a paperless, digital loan application
Highly Suitable
Need instant cash under ₹50,000
Less Suitable
Looking for short-term emergency loans
Moderate Suitability
Tips for Safe Borrowing
Understand all fees and charges before accepting a loan offer.
Keep track of repayment schedules and confirm loan closure in your credit report.
Contact customer support immediately if repayment status appears incorrect.
Assess your repayment capability honestly to avoid penalties.
Use the credit score tools in the app to monitor your credit health regularly.
Final Verdict
Fibe provides a transparent, regulated, and flexible platform ideal for salaried and self-employed individuals looking for personal or business loans. The ability to compare multiple lender offers helps users find the best deal suited to their credit profile. However, its strengths depend heavily on disciplined use: timely payments, diligent follow-ups, and awareness of costs. Users have reported processing and credit-reporting issues, although many found the experience smooth and efficient.
