Fibe Personal Loan Repayment

Fibe offers both online and offline loan repayment solutions to make the process seamless. Here is a closer look at them:

Online Payment via the Fibe App or Portal

1. Log in to the Fibe mobile app or web portal.
2. Select your loan account and enter the necessary loan details.
3. Provide any additional information as prompted.
4. Choose your preferred payment method: debit/credit card, net banking, UPI, or other available options.
5. Complete the transaction and receive a confirmation from Fibe.

Handling Overdue EMIs Online

1. Access your net banking portal or app.
2. Enter your loan details to view the outstanding dues.
3. Select the overdue amount or the total payable amount.
4. Make the payment using your preferred payment method.

Offline Repayment Method

• Contact Fibe Customer Care

Call Fibe’s customer service at 020−67639797 or email them at care@fibe.in to inquire about offline repayment options. Explain your situation and request specific instructions for making an offline payment.

• Follow the Instructions Provided

If a bank transfer is required, you may be given an account number. Use net banking or visit the bank branch to transfer the EMI amount. If other methods are suggested, such as cheque or direct bank transfer, ensure you follow the provided instructions carefully.

• Verify the Payment

Once the payment is made, contact Fibe to confirm that it has been received and applied to your loan account. You can also check your loan status on the Fibe app to ensure the payment is reflected in your account.

Disclaimer: The online and offline repayment methods for Fibe loans are subject to the lender’s terms and conditions. For online payments, ensure you follow the payment process carefully to avoid errors. In case of offline payments, please verify all transaction details with Fibe customer care before proceeding. Always keep a copy of the payment confirmation for your records.

Fibe personal loan repayments are calculated as Equated Monthly Instalments (EMI). Here’s how you can estimate your repayment amount:

• Obtain your principal loan amount, interest rate, and tenure.
• Use the EMI formula: EMI = (P × r × (1 + r)^n) ÷ ((1 + r)^n − 1)
  Where:
  • P = principal loan amount
  • r = monthly interest rate (annual rate divided by 12 and then by 100)
  • n = number of monthly instalments.
• Input these values into a Fibe EMI calculator to get the exact amount.

Example

If you borrow ₹1,00,000 for 12 months at a personal loan interest rate of 14% per annum:

• Monthly interest rate (r) = 14 ÷ 12 ÷ 100 = 0.0117
• Number of instalments (n) = 12

Using the formula or a Fibe loan EMI calculator, your EMI will be approximately ₹8,978 per month.

Calculating loan EMI before applying helps you plan your budget and repayment responsibly.

You should understand the applicable fees before starting your loan repayment. Here are the key charges:

Reviewing a sample repayment schedule will help you learn how your EMI changes with tenure and interest rate. This helps you plan your monthly budget more effectively. Lets understand this with an example.

Suppose you take a ₹5 Lakh personal loan at an interest rate of 14% p.a. Your EMI will vary depending on the tenure you choose. 

Here are the estimated values:

This table shows that shorter tenures increase your EMI but reduce the total interest paid. Longer tenures lower your monthly outflow but increase the overall cost of the loan.

Disclaimer: These figures are indicative and based on assumed calculations. Your actual EMI may vary depending on lender terms, charges, and your credit profile.