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Salaried Employee Personal Loans
Meet all your financial needs with Fibe’s Personal Loan for salaried employees. Get up to ₹5 Lakhs in just a few minutes.
Meet all your financial needs with Fibe’s Personal Loan for salaried employees. Get up to ₹5 Lakhs in just a few minutes.
Considering the fixed monthly income and restricted monthly budget, salaried professionals may find it difficult to manage big expenses. Whether you need to opt for a professional course to upskill or plan a last-minute trip, you require a sizable amount to manage these expenses.
With Fibe, you can do it all. Our instant financing solution allows employees of both public and private sectors to use this facility and cater to all their financial needs, no questions asked. You can easily apply to get up to ₹5 lakhs.
The disbursement process is quick and the loan amount is deposited directly in your bank account within minutes. That’s not all. You only need to submit some basic documents online and meet our simple eligibility criteria to get instant approval on your application.
Eligibility Criteria
You need to meet the following requirements to be eligible:
You must be between the ages of 21 to 55 years.
A minimum monthly in-hand income of ₹15,000 in non-metro cities and ₹18,000 in metro cities is required.
You must be a resident of India.
Documents Required
Given is the list of documents you will have to submit when applying for the loan:
Proof of identity: Aadhaar card, PAN card, Passport, Driver's licence
Proof of address: Passport, Voter’s ID, Rent agreement, Utility Bills
Proof of income: Bank statements, Salary slips for the last 3 months, A selfie for identity verification
Check the following table to know the interest rates and charges for government employees:
| Fee type & Charges | |
|---|---|
| Interest Rates | Starting from 16% p.a. On a reduced balance basis |
| Processing Fees | Starting from 2% of the loan amount plus GST |
| Annual Percentage Rate | Starting from 18% p.a. |
| Bounce Charges | ₹500 + GST |
| Late Payment Charges | ₹500 + GST or 3% of the loan amount, whichever is higher |
| Stamp Duty | 0.1% of the loan amount |
| Mandate Rejection Charges | ₹250 + GST |
| Pre-Closure Charges | Nil |
Disclaimer: The above interest rates and charges are subject to change. Please check the latest rates before applying.
You can apply for a personal loan for salaried individuals if the minimum in-hand salary is ₹15,000 in non-metro cities and ₹18,000 in metro cities.
With a 15000 salary, you can get a smaller range of loans depending on one lender to another lender. The loan amount also depends on your past credit history and accordingly, the credit is allocated. At Fibe, you can avail of a loan starting from ₹8,000 to ₹5 lacs.
The amount of the loan depends on the lender or financial institution and the credit history of the person who is applying for the loan.
To apply for a personal loan for salaried individuals, the minimum salary in hand should be ₹15,000 in non-metro cities and ₹18,000 in metro cities.
At Fibe, you get flexible repayment tenures where you can choose the tenure starting from 3 months to 24 months at a lucrative interest rate.
No. A salary slip or certificate is mandatory to apply for a personal loan. You cannot avail of this facility if you don’t have any proof of your income.
Yes. Lenders have eligibility criteria to qualify for a loan. The higher your income, the chances of getting a higher loan amount increase.
If you are a salaried individual with a minimum in-hand salary of ₹15,000 in non-metro cities and ₹18,000 in metro cities, you can get a credit of up to ₹5 lacs with Fibe.
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Subham Pawar
Shilpi Mukherjee
