KreditBee Personal Loan

The following are the key KreditBee loan details:

Rates as of 7th October 2024 fetched from the Kreditbee website

Note: KreditBee is powered by https://www.kreditbee.in/, and Finnovation Tech Solutions Private Limited provides the information mentioned here.

The main features and advantages of the KreditBbee personal loan are mentioned below:

• Flexible loan amount: You can avail of a loan of a minimum of Rs. 1,000 to a maximum of Rs. 5,00,000 to meet all your financial needs.
• Flexible repayment tenure: You can repay the borrowed loan amount in flexible repayment tenure ranging from 3 to 36 months.
• Affordable interest rates: For personal loans, Kreditbee interest rate starts from as low as 17% p.a.
• Nominal processing charges: The processing fee for KreditBee instant loans is up to 5.5% of the loan amount + GST.
• Nominal prepayment charges: You can make part prepayments or opt for a complete foreclosure of your loan by paying a nominal fee of 4% of principal prepaid/ principal outstanding + GST.
• User-friendly app: All you need to do to apply for the loan is download the KreditBee app on your smartphone, opt for KreditBee login and fill in the personal loan application form online.
• 100% online process: Be it applying for a loan or making EMI payments, the entire process is online through the KreditBee app. You can access your loan account anytime and anywhere.
• Minimal processing time: The entire loan process can be completed online in a few minutes through the KreditBee loan app or website.
• Personal loan EMI calculator: You can use the KreditBee EMI calculator before applying for the loan, to know your EMI beforehand.

KreditBee personal loan interest rates may differ depending on the type of loan you opted for:

• Rate of interest for Flexi Personal Loan: Competitive interest rates ranging from 24% to 29.95% p.a.
• Rate of interest for Personal Loan for Salaried: Attractive interest rates ranging from 17% to 29.95% p.a.
• Rate of interest for Personal Loan for Self-employed: Reasonable and flexible KreditBee loan interest rate ranging from 16% to 29.95%.

Following are the fees and charges associated with KrreditBee personal loans:

• Processing fee: Up to 5.5% + GST
• KreditBee foreclosure charges: 4% of principal outstanding + GST
• Part prepayment charges: 4% of principal prepaid + GST
• EMI bounce charge for 1st day: 4% of principal overdue or Rs. 500, whichever is lower.
• Penal charges for 2 - 180 days: 36% p.a. on principal overdue + GST (if applicable) on penal charges

Below are the eligibility criteria required for a KreditBee personal loan:

• Nationality: Indian citizen
• Age: 21 to 60 years old
• Minimum monthly personal income: At least Rs. 10,000
• Minimum monthly household income: At least Rs. 25,000
• Other requirements: The applicant must possess a government-approved valid identity and address proof, and should have an Aadhaar-linked mobile number
• KreditBee personal loan application requirements: Mobile Number, Email, First & Last Name, Date of Birth, Gender, PAN, Employment Type, Monthly Income, Company Name, Address Proof, PAN Photo, Selfie, Permanent Address, Current Address, Education, Profession, Marital Status, Bank Statement, Father/ Mother/ Spouse Name, Reference Contact, Disbursement Bank Account Details, and eNACH/UPI e-mandate.

Below is the list of documents required to apply for a KreditBee personal loan:

• Photograph (selfie)
• Identity: PAN
• Address proof: Any government-approved valid permanent address and current address proof, such as Passport, Aadhaar, etc.
• Monthly income proof: Bank Statements reflecting the monthly income of the borrower
• Mobile number: Aadhaar-linked mobile number

KreditBee offers instant personal loans up to Rs. 5 Lakhs through the app only to salaried individuals to meet their urgent financial requirements.

The entire process is online, starting from registration to disbursement in just a few minutes. Kreditbee offers multiple Personal Loan schemes on their mobile app (that can be downloaded from the Google Play Store on Android mobiles).

KreditBee acts as a technology intermediary to facilitate Personal Loans from regulated lenders to individuals with minimal documentation and instant disbursal of funds on approval.

KreditBee loan app currently offers Flexi Personal Loan, Personal Loan for Salaried, and Online Purchase Loan or E-voucher Loans.

• KreditBee loan customer care number: 080-44292200 / 080-68534522
• KreditBee office address: KreditBee, 4th Floor, Anjaneya Techno Park, No. - 147, HAL Old Airport Road, ISRO Colony, Kodihalli, Bangalore, Karnataka - 560008, India
• Email: help@kreditbee.in
• Email for media relations team: media@kreditbee.in

In order to apply for a KreditBee Personal Loan, just follow the below steps:

• Install the KreditBee mobile app from the Play Store.
• Register yourself with your Facebook or Google profile.

• Fill in the basic details about yourself to check your eligibility for obtaining a Personal Loan through the KreditBee app.

• You will be shown an 'eligibility successful' page and an SMS indicating the same will be sent on your registered mobile number (this process might take up to 24 hours). You will receive a call within 1 working day of application from KreditBee.

• After your eligibility is confirmed, you will be required to upload your KYC documents and fill in a few more details.

• After uploading the KYC documents and providing other additional information, your profile will be verified, depending on the quality and authenticity of the uploaded documents.
• On complete verification, you can apply for a loan on KreditBee and sign a loan agreement.
• After signing the loan agreement, the amount will be disbursed to the bank account provided by you within 15 minutes.
• You can make the KreditBee online payment for the borrowed amount from the next month onwards.

Alternatively, you can also apply through KreditBee's website by following a similar process.

• If you already have an outstanding loan with KreditBee, download the KreditBee app on Android mobile.
• You can check the status of your KreditBee personal loan application by logging into the Instant Loan App with your KreditBee credentials.
• You can also call at KreditBee personal loan customer care number on 080-44292200/ 080-68534522 to know your personal loan application's status.