Short answer: KreditBee advertises a lower starting rate (12% against 18%) and a lower income bar (₹10,000 against ₹20,000 in-hand), but states fees of up to 4.7% and charges up to 5% to foreclose. Fibe starts at 2% fees with nil foreclosure charges, but is for salaried borrowers only.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
KreditBee vs Fibe at a glance
| KreditBee | Fibe | |
|---|---|---|
| Type | Loan app (Krazybee Services, an RBI-registered NBFC, plus partner lenders) | Loan app (formerly EarlySalary; platform for RBI-regulated partner lenders) |
| Loan amount | ₹3,000 to ₹10 lakh | Up to ₹10 lakh |
| Interest rate | 12% to 27.5% a year (website); 12% to 28.5% (Google Play) | From 18% a year (reducing balance) |
| APR | 17% to 50% (Google Play) | From 18% a year |
| Processing fee | Up to 4.7% + GST | From 2% + GST |
| Tenure | 3 to 60 months | 6 to 36 months |
| Minimum income | ₹10,000 a month (household income above ₹25,000) | ₹20,000 a month in-hand |
| Who can apply | Salaried (2+ months in current job); self-employed options linked | Salaried only (private or public sector) |
| Age | 21 to 60 | 19 to 55 |
| Prepayment and foreclosure | Foreclosure up to 5% of principal outstanding + GST; part-prepayment up to 5% of amount prepaid + GST | Nil foreclosure charges; no prepayment penalty |
| Product | Term loan (EMI) | Term loan (EMI) |
| RBI-regulated lenders | Krazybee Services, PayU Finance India, Oxyzo Financial Services, Vivriti Capital, Cholamandalam Investment and Finance, Kisetsu Saison Finance, Tata Capital, Northern Arc Capital, Piramal Finance, MAS Financial Services, Mirae Asset Financial Services, Aditya Birla Capital | EarlySalary Services, Northern Arc Capital, InCred Financial Services, HDB Financial Services, Vivriti Capital, Kisetsu Saison Finance, Piramal Finance, Tata Capital, Cholamandalam Investment and Finance, Oxyzo Financial Services, Krazybee Services, Mirae Asset Financial Services, SMFG India Credit |
| On RBI’s digital lending app list | Yes: 15 RBI-regulated lenders list it; 10Cr+ installs, rated 4.6 | Yes: 14 RBI-regulated lenders list it; 1Cr+ installs, rated 4.6 |
| Also worth knowing | Says low-CIBIL applicants may qualify; Penal charge 36% a year on overdue principal (2 to 180 days) | Soft-inquiry eligibility check; new-to-credit borrowers accepted; Only one active loan at a time |
Install counts and ratings are from Google Play, as recorded on RBI’s digital lending app list check of 5 October 2026.
What a ₹50,000 loan over 12 months would cost
We costed the same loan on each lender’s advertised figures, using the standard reducing-balance EMI formula and adding 18% GST to fees where the lender quotes them before tax. The lowest advertised rate is usually for the strongest credit profiles; many borrowers are offered more.
| Lender | Scenario | Rate a year | EMI | Total interest | Fee incl. GST | Total cost |
|---|---|---|---|---|---|---|
| KreditBee | Lowest advertised rate | 12% | ₹4,442 | ₹3,309 | ₹2,773 | ₹6,082 |
| KreditBee | Highest advertised rate (website) | 27.5% | ₹4,813 | ₹7,757 | ₹2,773 | ₹10,530 |
| Fibe | Lowest advertised rate | 18% | ₹4,584 | ₹5,008 | ₹1,180 | ₹6,188 |
Try your own numbers in our personal loan EMI calculator. For loans quoted only as APR, the APR already includes fees, so the total is an estimate.
Key differences
- Rate: KreditBee 12% to 27.5% a year; Fibe from 18%.
- Fees: KreditBee up to 4.7% + GST; Fibe from 2% + GST.
- Closing early: KreditBee charges up to 5% + GST; Fibe charges nothing.
- Age: Fibe accepts applicants from 19; KreditBee from 21.
Which should you choose?
KreditBee may suit you if your income is between ₹10,000 and ₹20,000 a month, you are self-employed, or you need a tenure longer than 36 months.
Fibe may suit you if you are salaried and think you may repay early, as Fibe has no foreclosure charge.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Is KreditBee or Fibe better for a first loan?
Fibe says it accepts new-to-credit applicants and uses a soft enquiry to check eligibility. KreditBee says low-score applicants may qualify. Both decide case by case.
Which charges less to close a loan early?
Fibe has nil foreclosure charges. KreditBee charges up to 5% of the principal outstanding plus GST.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
Read more: KreditBee app review · Fibe app review · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.