Fibe

I took a personal loan from Fibe Loan because I had an urgent financial requirement and my CIBIL score was lower than average, making it difficult to get approved elsewhere. The application process was simple, and the loan was approved quickly, which initially seemed like a good thing.

After receiving the loan, I realized that the interest rate was extremely high. At the time of applying, I did not fully understand how much extra I would need to pay and later I regretted taking the loan. It felt like they were charging excessive just because of my lower CIBIL score. On top of that, the customer service experience was disappointing. Getting proper support or clear information was difficult whenever I had questions. Fortunately, my loan amount was relatively small, and I managed to repay it on time and close the account.

Personally, I would not recommend Fibe Loan. If you are considering taking a loan from them, make sure you carefully check the interest rate, total repayment amount, and all terms before signing up. A small loan was manageable for me, but I can only imagine how stressful it could become if someone takes a larger amount and then struggles with the high repayment burden. My experience was not good, and I would look for other lending options before choosing Fibe again.

I took a personal loan through Fibe expecting a fast and hassle-free process, but my experience was quite disappointing. While the initial application seemed straightforward, I later discovered additional fees and charges in the documents that were never clearly explained upfront. The loan disbursement took much longer than I was led to believe, and trying to get updates from customer support was frustrating. Every interaction felt like I was being passed around without receiving clear answers. To make matters worse, the payment system was confusing and occasionally unreliable, making it difficult to track my repayments properly. I was also surprised to see that the effective interest rate appeared higher than what I had initially understood during the application process. Whenever I sought clarification, the responses were vague and unhelpful. Due to confusion regarding payment schedules, I even ended up incurring penalty charges that could have been avoided with better communication.

Overall, my experience felt full of unexpected costs, delays, and poor customer support. I would strongly advise anyone considering a loan through Fibe to carefully review all terms, charges, and repayment conditions before proceeding. Based on my experience, I cannot recommend the service.

I have been using the Fibe app for more than four years and earlier my experience was quite good. However, in the last couple of months I noticed that the penalties and extra charges have become very high.

For a missed EMI, they are charging around ₹500 per day, which feels extremely expensive. Because of this, sometimes we end up paying the EMI along with ₹1,000 or more just in penalties. As a long-time user, this is very disappointing and not something I expected from the service.