KreditBee is a platform that offers instant personal loans to young professionals. You can apply for personal loans starting from Rs.1,000 through online portal, while the repayment tenures range Up to 15 months. depending on the amount of loan availed. A interest rate in the range of 0% to 29.95% p.a. is charged on the personal loans from KreditBee. The app-based service provider hosts several non-banking financial companies (NBFCs) that offer financing to customers.
|Interest Rate||0% to 29.95%|
|Processing Fee||Rs 100 onwards|
|Tenure||Upto 15 months|
|Loan Amount||Minumum Rs.1,000|
Note: Flexi Personal Loans are offered with a less tenure and smaller loan quantum compared to other forms of personal loans. The company strives to offer quick personal loan disbursal's with minimal documentation.
This loan has been especially designed to help salaried professionals address the urgent cash crunch they may face, especially at the end of the month, before their salaries are credited. These loans can be beneficial for those who require urgent cash but their employer does not allow them to borrow against their salaries. Some of the features of Personal Loan for Salaried have been listed below:
To borrow higher amounts from KreditBee, you need to first avail a Flexi Personal loan, which is a loan with less tenure and loan amount. You will be eligible for higher loan amounts as and when you repay all your loans. However, there is no guarantee that you will be eligible for a loan of Rs.1 lakh after you have successfully repaid your loans. The other features of Flexi Personal loans have been given below:
KreditBee offers personal loan to customers. Each offers different quantum of financing and loan tenures. This is an app-based product, meaning you can only apply for a loan on this platform once you have downloaded the app from Google Play Store. The app requires a registration process via Facebook or Google that needs to be verified by KreditBee after which you can apply for loans.
Note that you will not be eligible to apply for high loan amounts initially. You will have to apply for smaller loans and repay them on time, upon which your credit limit will gradually increase, making you eligible for higher loan amounts.
|Nationality||Must be a citizen of India|
|Age||21 years and above|
|Minimum Income||Rs.15,000 per month|
|Other Eligibility Criteria||
1. Documents required for Loan upto 1.5 times of Salary:
2. Documents required for Loan upto 2 times of Salary:
|Name of the business||Kreditbee|
|Phone Number||080 - 44292200|
|Official Mail IDemail@example.com|
|Head Office||Finnovation Tech Solutions Pvt. Ltd.
No.100, The Royal Stone Tech Park,
Bengaluru, India –560016.
Yes, there are a few additional costs involved. For instance, while making online payments against the loan, you have to pay convenience charges as imposed by the payment gateways. Also, late penalty charges will be levied on all Loan products.
No, you need to have either a Facebook or a Google account to get registered on KreditBee.
If you have a valid company ID with company address proof (in India), you can apply for Personal Loan for Salaried.
No. Only when you have cleared your pre-existing loan, you can apply for another loan.
If you default, penalty charges will be levied on your loan. Also, your credit score as a defaulter will be forwarded to different credit bureaus. On top of that, in the future, you won’t be eligible to get a personal loan from KreditBee with a higher margin of financing.
Yes, you can prepay the outstanding amount whenever you wish to, within the tenure.
Yes. Instant personal loans from KreditBee can be availed from anywhere in India.
Unfortunately, the KreditBee app is available for download only in the Android platform.
No. The personal loan availed from KreditBee can only be transferred to your bank account.
If you have any query or complaints related to KreditBee personal loans, you can get in touch with their customer care team at their helpline number 080-44292200 or email them at firstname.lastname@example.org.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.