Loan App Details & Reputation
App Name
Fibe (formerly EarlySalary)
Tagline/Description
Instant personal loan app for salaried professionals.
Developer/Company Name
Social Worth Technologies Private Limited
Website URL
Social Media Handles
Facebook: @getfibe | Twitter: @getfibe | Instagram: @getfibe
Contact Information
Not publicly listed (in-app support available)
License and Registration Details
Loans facilitated through EarlySalary Services Pvt Ltd (RBI registered NBFC)
Latest News/Updates
- August 2023: Rebranded from EarlySalary to Fibe
- June 2023: Launched Fibe Axis Bank Credit Card for select customers
Loan Details
Loan Amount (Minimum and Maximum)
₹5,000 to ₹5,00,000
Interest Rate (Daily, Weekly, Monthly, Annually)
12% to 36% APR (Annual Percentage Rate)
Loan Tenure (Minimum and Maximum)
3 to 36 months
Repayment Options
EMI, auto-debit, net banking
Fees (Processing, Late Payment, etc.)
Vary based on loan amount and tenure
Eligibility Criteria (Age, Income, Credit Score, etc.)
- Age: 21 to 58 years
- Salaried individual
- Minimum monthly income: ₹18,000
- Good credit history
Documents Required
PAN card, Aadhaar card, bank statements, salary slips
Loan Purpose
Personal expenses, medical emergencies, travel, education, etc.
App Ratings and Reviews
Google Play Store Rating
4.4 stars (10M+ downloads)
Apple App Store Rating
4.6 stars
Trustpilot Rating
Not available on Trustpilot
Google Reviews
Mostly positive, highlighting quick disbursal and easy application process. Some complaints about high-interest rates and customer service.
User Reviews and Feedback
Positive Reviews
Fast and convenient loan process, good for small amounts, transparent terms.
Negative Reviews
Concerns about high-interest rates for some, occasional technical issues, difficulty reaching customer support.
Customer Support
Contact Channels
In-app support, email , Phone
Support Hours
9 AM to 9 PM (Monday to Saturday)
FAQs and Knowledge Base
Comprehensive FAQ section on website and app
Loan Disbursal and Repayment
Disbursal Time
Within minutes (as advertised), but can vary.
Repayment Options
EMI, auto-debit, net banking
Late Payment Fees and Penalties
Vary based on loan agreement
Additional Features
Credit Score Check and Reporting
Not explicitly mentioned
Loan Calculator and EMI Simulator
Available on website and app
Financial Education Resources
Limited resources on website
Referral Programs or Incentives
Referral program with rewards
Regulatory Compliance
RBI or NBFC License Details
Loans facilitated through EarlySalary Services Pvt Ltd (RBI registered NBFC)
Compliance with Indian Banking Regulations
Yes
Step-by-Step Guide to Using MoneyTap
Download and Install
From Google Play Store or Apple App Store.
Google Play Store Link
Apple Store Link
Registration
Using mobile number and OTP
Profile Completion
Personal, employment, and financial details.
KYC Verification
Upload documents (PAN, Aadhaar, etc.).
Loan Application
Select amount and tenure
Approval and Disbursal
If approved, funds transferred to bank account
Repayment
Through app or auto-debit
Disclaimer
The information presented in this document regarding loan apps is intended for general informational purposes only and is current as of the date of this post. It is compiled from sources believed to be reliable, including official websites, app stores, and user reviews. However, the financial landscape, app features, interest rates, and terms can change rapidly.
Instantloansindia does not endorse any specific loan app or guarantee the accuracy, completeness, or timeliness of the information provided. It is crucial that users verify all information directly with the respective loan app or financial institution before making any financial decisions.
Instantloansindia shall not be held liable for any damages, losses, or liabilities arising from the use or reliance on the information herein. Users are solely responsible for their financial choices and should consult with qualified professionals for personalized financial advice.