The aim of this research was to develop a lightweight, asbestos-free brake friction material using sisal, jute, and sisal/jute hybrid composites along with fillers and frictional additives. Sisal, jute, and sisal/jute hybrid fiber–reinforced epoxy polymer-filler-based composites were prepared using a compression molding process, and their mechanical and tribological properties were evaluated as per ASTM standards. The results were compared with commercial brake friction material. The study found that the compressive strength of sisal, jute, and hybrid composites increased by 21%, 11.6%, and 16.65%, respectively, while the hybrid composite (S3 + J3) exhibited nearly equivalent compressive strength. The impact strength, hardness, and water and oil absorption behavior of the hybrid composite exhibited the same performance as that of commercial brake pads. A pin-on-disc experiment was conducted and the results showed that wear loss and coefficient of friction decreased with an increased weight percentage of fiber. Scanning electron microscopy images depicted uniform dispersion, distribution, and defect-free laminates with a uniform wear track. Overall results suggest the potential use of these composites in brake pad applications. Therefore, this study presents the development of sisal-jute fiber epoxy filler–based hybrid composites for lightweight applications, which can be used as a substitute for asbestos in brake pads.