KreditBee facilitates loan transactions between borrowers and personal loan providers like NBFCs/Banks. All personal loan applications are approved and sanctioned by NBFCs or banks registered with the RBI. All the details are clearly stated upfront during the Personal Loan application.
KreditBee is considered to be an inclusive Instant Loan provider. Users can apply for an INR 1 lakh loan or an INR 2 Lakh Loan but a maximum of up to INR 5 Lakhs according to the requirement. The documentation required is minimal, and the entire process, starting from registration to disbursement of the loan, takes an average of 10 minutes of time. The application process for a loan is completely online, and with its approval, the funds get transferred on an immediate basis to the applicant’s bank account. There are many unique Loan offers available with simple repayment plans.
Services Offered by Kreditbee
Mentioned below are the services offered by Kreditbee:
- Personal Loan for Self-Employee:
It provides personal loans for business owners to meet their credit requirements, starting from INR 10,000 to INR 2 lakhs, with repayment tenures ranging between 4 and 24 months.
- Flexi Personal Loan:
Get instant personal loans for urgent credit between INR 1000 and INR 8000, with flexible loan tenures between 3 and 10 months.
- Personal Loan for Salaried:
Get a quick personal loan for salaried individuals with repayment terms between 4 to 36 months for a loan amount of INR 10,000 to INR 5 lakhs.
- Business Loan:
It also provides flexible business loans specifically customised to meet your entrepreneurial needs.
Why Choose KreditBee?
Mentioned below are the reasons one should opt for a Kreditbee Loan:
- Lower Rate of Interest:
Avail personal loans for varied purposes at a low rate of interest as per your desired needs.
- Fast Processing and Disbursal:
Firstly, apply online, check your eligibility, and then get the money disbursed directly into the bank account.
- Easy Repayment Options:
Get the loan amount repaid in easy instalments with flexible tenure options.
- 100% Paperless:
It does not require paperwork or physical documentation, and you can apply through the online loan application process.
- Safe, Secure and Transparent:
The loan application process is fully safe and secure, with no hidden charges.
- Collateral Fee:
No collateral is required to apply for Kreditbee.
Interest Rates
Mentioned below are the interest rates charged by KreditBee for Personal Loan applicants:
| Particulars | Interest Rates (p.a.) |
| Flexi Personal Loan | 24.00% – 29.95% |
| Personal Loan for Salaried | 17.00% – 29.95% |
| Personal Loan for Self-Employed | 16.00% – 29.95% |
Documentation Required
Mentioned below is the list of documents required to be uploaded while applying for Kreditbee Personal Loan:
- Flexi Personal Loan
- Address Proof: i.e. Voter ID Card, Passport, Aadhaar Card,
- PAN Card
- Personal Loan for Salaried
- Bank statement of salary account
- Address Proof: i.e. Voter ID Card, Passport, Aadhaar Card
- PAN Card
- Salary slips
- Personal Loan for Self-Employed
- Address Proof: Aadhaar Card, Passport
- PAN Card
- Online Purchase Loan/E-Voucher Loan
- KYC Address Proof
- PAN Card
Processing Fees and Charges
Mentioned below are the processing fees and charges associated with KreditBee Personal Loan:
| Particulars | Rates |
| Processing fees* | For Flexi Personal Loans: INR 85 to INR 1,250For Personal Loans for Salaried (for loan amounts from INR 10,000 to INR 2 lakh): Up to 6% of the loan amount (minimum INR 500)For Personal Loans for Self-Employed: INR 420 to INR 8,400In the case of an Online Purchase Loan or E-Voucher Loan, i.e. up to 5% of the loan amount |
| Convenience fees | Bank transfer: Nil (borrower’s bank may levy charges for NEFT or IMPS transfer)Net banking: INR 6 to INR 15 per transaction (depending on the borrower’s bank)Debit Card:Less than INR 2,000: NilAbove INR 2,000: 0.90%For UPI: INR 5 to INR 11 per transaction, depending on the bank of the borrowerFor Wallet/Prepaid: Up to 1.90%, depends on the wallet chosen for payment) |
| Penalty Charges for Auto Debit | INR 100 |
| Late Payment Charges | Flexi Personal Loan:For a 2-month loan of INR 1,000 to INR 10,000: One-time overdue charge of INR 10 to INR 200Per day penalty charge: INR 5 to INR 75 for every overdue instalmentPersonal Loan for Salaried:For a 15-month loan (loan amount of INR 10,000 to INR 3 lakh): One-time overdue charge of INR 500Penalty charge per day: 0.15% of the principal amount for every instalment that is overdue. Online Purchase Loan/E-Voucher Loan:One-time overdue charge: INR 500Penalty charge per day: 0.2% of the principal amount for every instalment that is overdue. |
Eligibility Criteria
Mentioned below is the list of eligibility parameters that are to be met in order to apply for Kreditbee Personal Loan:
- Flexi Personal Loan
- An applicant should be an Indian Resident.
- The minimum income of an applicant should be INR 10,000 per month (net).
- The minimum age of the loan applicant should be 21 years.
- The maximum age of the loan applicant should be 45 years.
- Personal Loan for Salaried
- An applicant should be an Indian Resident.
- The minimum income of an applicant should be INR 15,000 per month (net).
- The minimum age of the loan applicant should be 21 years.
- The maximum age of the loan applicant should be 45 years.
- He/she should have at least 3 months of experience in the present organisation.
- Personal Loan for Self-Employed
- An applicant should be an Indian Resident.
- The minimum income of an applicant should be INR 10,000 per month (net).
- The minimum age of the loan applicant should be 21 years.
- The maximum age of the loan applicant should be 60 years.
- Online Purchase Loan/E-Voucher Loan
- An applicant should be a Resident of India.
- Also, the minimum age of the personal loan applicant should be 21 years.
Kreditbee Personal Loan Customer Care
In case of any query, grievances, or suggestions, Kreditbee provides 24*7 Personal Loan Assistance, which can be accessed through any of the below-mentioned modes:
- Phone number: Call on 080-4429-2200 (Carrier charges apply).
- Email ID for Official Correspondence: Send an e-mail to [email protected].
- Address of KreditBee’s Head Office: The 3rd option is to send a letter on the 3rd floor No.100, Royal Stone Tech Park, Benninganahalli, K.R. Puram Bengaluru, India – 560016
