Fi is a money management platform that re-imagines the banking experience in India. The Federal Bank Account offered through our App, is a digital bank account that gives you the fastest way to open a bank account online.
You can do everything from the Fi App, including p2p payments, fund transfers, bill payments, and more, with features to automate every action. You also get a Debit Card, spends insights and tools to grow your investment and earn rewards.
While you always have the option of repaying only the minimum monthly due, Fi recommends making higher monthly repayments so that the loan principal reduces every month and you don’t have to pay a large amount at the end of the tenure.
Recommended EMI amount is calculated so that you can repay the loan in easy and equal monthly instalments.