KreditBee
Personal Loan

Rates as of 7th October 2024 fetched from Kreditbee website

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

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

The entire process is online, starting from registration to disbursement in just few minutes.  Kreditbee offers multiple Personal Loans schemes on their mobile app (that can be downloaded from 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 Personal loan interest rate varies with the type of loan you wish to avail. The Loan interest rate ranging from 17% p.a. to 29.95% p.a. for Flexi Personal Loan, Personal Loan for Salaried, Personal Loan for self-employed and purchase on EMI.

Note: Check the lists of best instant personal Loan App available in India.

• Flexible loan amount: You can get a loan upto  Rs. 5 Lakhs to meet your urgent financial needs.
• Low interest rates: KreditBee personal loan interest rates are most competitive and start from 17% p.a. to 29.95% p.m.
• Minimal processing charges: The processing fee for these loans starts from 0% and can go up to 6% of the loan amount list.
• Flexible tenure: You can repay your KreditBee Loan in flexible repayment tenure ranging between 3 months to 36 months.
• No prepayment or foreclosure charges: You can make payments before the stipulated repayment period and close the loan faster without paying any additional fees.
• User-friendly application: You can download KreditBee app directly from Google PlayStore (Android mobiles) and from app store (iPhone). The registration process is simple, too. You can sign in using your Google or Facebook account and only have to confirm the personal details provided.
• Minimal processing time: Flexi Personal Loans can be disbursed into your bank account within few minutes provided all the submitted documents and details are accurate and in-order. For Personal loans to salaried, the disbursal can take up to 3 working days.
• Complete online process: Be it applying for the loan or making repayments, the process is completely online. You can access your account anytime you want and from just about anywhere.
• Loans for first-time applicants: Even for individuals who do not have any previous loans or other credit facilities, it is possible to avail of a KreditBee online loan. By making regular payments of these loans, you can build a strong credit score and profile.

Following are different types of KreditBee instant loans:

• Flexi Personal Loan
  • Loan amount: Rs. 1,000 - Rs. 80,000
  • Tenure: 3 months - 10 months
  • Interest Rates: 24% to 29.95% per annum
  • Processing fee: Rs: 65 to Rs.5560
  • Net Monthly Income: Rs.10,000 above
  • Age: 21- 60 years
• Personal Loan for Self-Employed
  • Loan amount: Rs. 1,000 - Rs. 4,00,000
  • Tenure: 3 months - 24 months
  • Interest Rates: 16% to 29.95% per annum
  • Processing fee: Rs: 350 to Rs.16800
  • Net Monthly Income: Rs.10,000 above
  • Age: 21- 60 years
• Personal Loan for Salaried
  • Loan amount: Rs. 10,000 - Rs. 5,00,000
  • Tenure: 3 months - 36 months
  • Interest Rates: 17% to 29.95% per annum
  • Processing fee: Rs: 500 to Rs.13750
  • Net Monthly Income: Rs.10,000 above
  • Age: 21- 60 years
• Business Loans ( Only for Self employed business designed for SMEs)
  • Loan amount: Rs. 1,000 - Rs. 4,00,000
  • Repayment tenure: 3 months to 24 months
  • Interest Rates: 17% to 29.95% per annum
  • Processing fee: Rs: 350 to Rs.16800
  • Net Monthly Income: Rs.10,000 above
  • Age: Above 21 years

In order to be eligible for a personal loan KreditBee requires you to fulfill the following eligibility criteria:

• You should be aged above 21 years and not older than 60 years.
• You should be an Indian citizen.
• You should be salaried or have another monthly source of income.
• You should have an Aadhaar-linked mobile number to receive OTP from UIDAI for e-signing the loan agreement.
• You should have the necessary KYC and address proof documents.
• You should have a PAN Card for identity proof.
• You should have a Facebook or Google account for signing up on and view KreditBee app details.
• You should have been employed for at least 3 months in the current organization.
• You should have a minimum monthly salary of Rs. 10,000
• You should be the Primary Bank Account Holder of a valid Savings Bank Account.

Documents required to apply for a KreditBee personal loan are mentioned below:

• PAN Card to check Credit Score and other financial parameters.
• Address proof: Aadhaar Card/Masked e-Aadhaar/Voter ID/Passport/Driving License
• Salary proof
• Employment proof
• Bank statement of salary account
• Salary slips
• You will need to provide some details, like your personal details, reference contact details, employment details.

Additional Info: Check Short Term Personal Loan Eligibility and Apply.

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 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 are already having 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.

You may get in touch with KreditBee Customer Care through the following options:

• KreditBee personal loan customer care number: 080-44292200 / 080-68534522 (anytime between 10AM to 7PM from Monday to Saturday, except public holidays).
• E-mail: help@kreditbee.in

The Grievance Redressal Officer will try to resolve your grievance within 14 days from the date of receipt of a grievance.