About KreditBee

KreditBee is a unique finance platform designed to provide Personal Loans to young professionals. They give them the option of getting a salary advance in order to meet any urgent financial requirements. With a quick turnaround time and easy assessment of the profile, KreditBee is becoming the number one choice for youngsters to get cash instantly. The easy user interface and the internet platform is also very user-friendly and is apt for millennials who are used to instant response to any service that they require.

KreditBee provides loans through non-banking financial companies (NBFCs) like KrazyBee Services that are legally registered under the Reserve Bank of India (RBI). The platform is owned by Finnovation Tech Solutions Private Individuals. These companies were the brainchild of some of the most learned individuals from premier institutions in India like IIM, IIT, and NUS. The primary objective is to solve the issue of availing credit for youngsters.

About KreditBee Personal Loans

KreditBee offers Personal Loans through an Internet platform that you can download easily on Google Play or any other application store. These Personal Loans are specially designed for individuals who are applying for a loan for the first time. They are provided against the salary and can be availed instantly.

The instant Personal Loans provided by KreditBee are ideal for any financial emergency that you may have such a medical emergency, any domestic functions, education, travel or to even make payments towards existing debts, insurance, and more. When it comes to Personal Loan by KreditBee, you get instant assessment and approval, which helps you avoid standing in long lines and cumbersome application processes.

Features and Benefits of KreditBee Personal Loans

Convenience is the primary objective when it comes to KreditBee. That is why these loans are loaded with beneficial features as mentioned below:

  • User-friendly application: The KreditBee app can be downloaded from any application store like Google Play. The registration process is simple, too. Users can sign in using their Google or Facebook account and only have to confirm the personal details provided.
  • Minimal processing time: If an instant loan is what you are looking for, it does not get easier than this. The assessment time is low and documentation is minimal. This helps reduce the processing time as well, ensuring that you get your loan right on time. The whole process from the time you register and until the disbursement of the loan takes only 15 minutes.
  • Low interest rates: These loans are offered at the most competitive rates of interest that make them extremely affordable. This makes it a much better option than using a Credit Card or availing Personal Loans at a high rate of interest from banks and other financial institutions.
  • The process is completely online: Be it applying for the loan or making repayments on your loan, the process is fully online. This helps you get all the financial assistance that you need right at your fingertips. You can access your account anytime you want and from just about anywhere.
  • Loans for first-time applicants: These loans are designed to not only help you get instant cash for emergencies but also to help you build a good credit score. Even for individuals who do not have any previous loans or other credit facilities, it is possible to avail a loan with KreditBee. By making regular payments of these loans, you can build a strong credit profile in order to avail loans or credit cards in the future.
  • No prepayment or foreclosure charges: You can make payments before the stipulated repayment period and close the loan faster without paying any additional fees.

Types of KreditBee Loans

KreditBee provides you with various loan options in order to help you meet any urgent financial requirement that you may have.

The types of loans offered by KreditBee are as follows:

Name of the Loan Purpose Features and Benefits

Micro Loan

  • This loan is similar to a Personal Loan but is a small-ticket loan for any personal use or financial emergency.
  • This loan is available for a period of 30 days.
  • You can get a minimum loan amount of 1,000 and a maximum loan amount of 1,00,000.
  • The repayment tenure for these loans is between 30 days and 12 months.
  • You get the most competitive interest rates based on your profile. The interest rates on KreditBee Loans are as follows:
    • Micro Loan: 30% Annualized Interest Rate
    • Salary Advance: 24% Annualized Interest Rate
    • E-voucher Loans: 0-24% Annualized Interest Rate
  • Easy repayment options through the KreditBee app.
  • There are no prepayment or foreclosure charges on these loans.
  • No collateral is required for the approval of loans.
  • The loan is credited directly to the bank account details provided by the user.

Salary Advance

  • With this loan, you can meet any cash requirements that may arise before the salary is credited to your account.
  • You can avoid the use of credit cards or other expensive loan facilities.

E-voucher Loans

  • This is a loan that you can avail to convert any payments made towards purchasing goods into easy monthly installments.
  • The loan is provided in the form of an E-voucher that can be used to purchase consumer durables online.

Personal Loan

A Personal Loan can be used for any urgent financial requirement such as medical emergency, travel, bill payments, etc.

Cash Loan

With this facility, you can have cash credited to your account instantly with minimal processing and assessment time.

Online Loan

With KreditBee, online loans are available at your fingertips through the application. From applying for the loan to submitting documents, all the processes are completely online.

Business Loan

For any overheads in your business or to make purchases, you can get loans instantly to ensure smooth business operations.

Private Loan

This loan is for any personal emergency that may arise before your next salary date.

Small Loan

The ticket size of these loans can be as low as 8,000 to meet your financial needs.

Consumer Loan

To make purchases of any consumer durables, you can avail this loan instantly.

Unsecured Loan

This loan is provided against your salary and does not require any collateral or security against it.

Low Interest Loan

Avoid high-interest rates on Personal Loans and Credit Cards by opting for these low interest facilities.

Fast Cash

Helps customers get cash instantly in case of an emergency.

Personal Finance

Loan is provided for any personal use or financial requirement.

Terms and Conditions of KreditBee Personal Loans

Customers must agree to all the terms and conditions of the application before availing a loan.

Here are some important terms and conditions that every customer should be aware of:

  • KreditBee is only a technology platform that facilitates interactions between lending partners and users who are looking for financial products.
  • KreditBee is not registered with the RBI and does not hold a license to lend or borrow
  • KreditBee provides several services, such as:
    • Facilitating the purchase of certain financial products on the platform
    • Assisting users with processes related to obtaining products offered by various NBFCs and banks.
    • Assisting users to avail their credit information
    • Social score and data analysis based on the social media of the user
  • In case the user's number is registered as a "Do Not Disturb" number with the network provider, the user will ensure that all steps necessary for the representatives of the company to contact you through the number will be taken.
  • Any user who uses the account unequivocally agrees and declares that they are at least 18 years of age and eligible to enter legal contracts within India.
  • Any violation of the terms and conditions of KreditBee authorises the company to terminate or block the access of the user to his or her account.
  • KreditBee has the sole discretion to remove portions of the terms and conditions or modify them from time to time.
  • The changes made in the terms and conditions will be communicated to the user through the registered email ID. KreditBee does not take any responsibility for wrong contact details provided by the consumer.
  • In order to use the platform, users must have an account and provide necessary details and information.
  • The user is responsible for maintaining complete security and confidentiality of their account and must take all steps necessary to ensure that the password and username is kept secure.
  • The user can update or access information through the dashboard provided in the account. The use of this account is not transferable to any other entity or user.
  • KreditBee ensures that all the personal information of the user is kept confidential as per the privacy policy.
  • Users are provided with limited access license to the account. They can avail services but are not authorised to download or modify any material on the website unless a written consent is provided by KreditBee.
  • Unauthorised access to the platform is not permitted
  • KreditBee reserves all the rights to cease or suspend providing any service and will not be responsible for any liability to the user.
  • Every user acknowledges that KreditBee has carried out possible balances and checks to ensure that the user is credible to use the platform.
  • If the information provided by the user is incorrect or inaccurate, KreditBee will not be held responsible for liabilities and claims.
  • KreditBee does not provide any warranties on behalf of the NBFCS and other financial service partners on the platform.
  • The responsibility of KreditBee is limited to providing services to the user. All liabilities or obligations to the user with respect to the financial products provided will be governed by a separate agreement between the customers and the financial service providers.

Documentation Required for KreditBee Personal Loans

Users who apply for a Personal Loan through KreditBee are required to submit the documents mentioned below:

  • Aadhaar Card
  • PAN Card
  • You will need to provide your basic workplace details, such as company name, your workplace e-mail ID, a picture of your office ID card, salary slips, and salary account details.

Eligibility for KreditBee Personal Loans

In order to be eligible for a KreditBee Personal Loan, there are some simple eligibility criteria that you need to fulfill:

  • The applicant should be at least 18 years old
  • They should be a resident of India
  • Necessary KYC documents must be available in order to get a Personal Loan from KreditBee
  • They should have a PAN Card for ID Proof
  • They should have been employed for at least 3 months in the current organization and should have a minimum salary of 15,000.
  • The applicant should have a valid bank account

How to Apply for KreditBee Personal Loan?

In order to apply for a KreditBee Personal Loan:

  • Download the App on your device
  • Create your KreditBee profile
  • Register yourself through your Facebook profile
  • Fill in all the required details and upload your KYC documents
  • Once all this is done, your profile will get auto-verified, depending on the genuinity and quality of the documents uploaded by you.
  • After successful auto-verification, you will be able to get a Personal Loan from KreditBee

The entire application process won't take more than 15 minutes.

Why Apply for Personal Loans through MyMoneyMantra?

When you apply for a loan through MyMoneyMantra, you have the advantage of several years of experience in facilitating lending and other financial services between financial institutions and customers.

Here are some advantages of choosing MyMoneyMantra to avail your loan:

  • There is a strong customer base of over 40 million customers, which shows the credibility of the company.
  • You have access to financial advisors as well as 2500 relationship managers across the country to provide you with any information that you may need with respect to the loans, credit facilities, or other financial products.
  • The services of MyMoneyMantra are available in 500 cities across India, making it an easily accessible loan application platform.
  • A loan quotation is made specifically for each user based on income, employment status, and requirement. This ensures that the credit facility not only fulfills your requirements but is also affordable for you.
  • MyMoneyMantra provides end to end solution from the loan application, documentation to disbursement. As a result, you can enjoy a hassle-free loan application experience and can also ensure that all procedures are taken care of correctly to avoid any delays in the assessment of your loan application.
  • MyMoneyMantra provides free online EMI Calculator and other financial tools to make it easier for you to plan your finances.
  • You have access to products offered by more than 90 NBFCs and banks. This allows you to compare all the products available and choose ones that are suited for your needs perfectly.
  • MyMoneyMantra is known for providing the most innovative financial solutions to all its customers and has bagged over 100 banking awards for great customer service and beneficial products.

How to Calculate KreditBee Personal Loan EMI?

It is never a good idea to jump into any loan without knowing the equated monthly instalment (EMI) that is payable on the loan. This helps you understand if the loan is affordable and also allows you to make necessary changes in your budget in order to accommodate a loan if it is extremely necessary.

You can use MyMoneyMantra's free online EMI Calculator to calculate your KreditBee Personal Loan EMI. The calculator reduces the effort on your part and ensures that there are no errors in the calculation of the EMI. All you have to do is enter the loan amount, the rate of interest, and the repayment tenure of the loan. The EMI is displayed instantly on the screen, making it easier for you to calculate your finances accordingly.

KreditBee Loan - Processing Fees and Other Charges




Processing fees

Micro Loans

Between 100 up to 850

Short Term Personal Loans

750 to 35 of the loan amount

E-Voucher Loans

1 to 3% of the loan amount

Late payment charges


One Time Overdue Charge

Per Day Penalty

1,000 to 1,900



2,000 to 2,400



2,500 to 2,900



3,000 to 3,400



3,500 to 4,900



5,000 to 5,900



6,000 to 7,900



8,000 to 9,900



Micro loans up to 3 months / Salary advance up to 12 months


0.15% of the outstanding principal amount

For e-voucher


0.2% of the outstanding instalment principal amount

Convenience fee

(for repayment made using online facilities)

Net banking

6 - 15 per transaction

Debit Card for amount above 2,000

0.9% of the amount paid


5 to 11 per transaction made

Wallet or prepaid

1.9% of the amount paid

Other Products Offered by KreditBee

In addition to short-term loans, you also have the option of instant Credit Cards offered by KreditBee or meet urgent financial requirements.

KreditBee - Customer Care

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

  • Customer care number: 080-44292200
  • E-mail: help@KreditBee.in

FAQs - KreditBee

How to use KreditBee for Personal Loans?

You can follow these steps to avail a Personal Loan using KreditBee:

  • Download the loan from GooglePlay or other app stores
  • Sign up with your Google or Facebook account and confirm details like email ID and Contact Number.
  • Provide PAN Details and other necessary information to check eligibility
  • Upload all KYC Documents
  • Provide contact details of references
  • Enter Bank Account Information
  • Provide an e-sign to agree to all the terms and conditions
  • Avail your Personal Loan in less than 15 minutes
  • It will be credited to your account directly

Is it mandatory to have a Facebook or Google Account to get this Loan?

Yes, in order to apply for a loan on KreditBee, having a Facebook or Google Account is mandatory. This is because the eligibility of the applicant is also assessed based on their social media usage and profile.

How many loans can I apply for at a given time?

With KreditBee, you can avail only one loan at a time. After complete repayment of one loan, you can apply for the second one if necessary.

Are there options to make prepayments on loan?

Yes, you can make prepayments on your KreditBee Personal Loan without any added charges. All you have to do is send an email to help@KreditBee.in to get details of making prepayments or foreclosures on loan.

What are the repayment options available?

Customers will have to make all EMI payments towards the loan through the KreditBee application. This can be done using credit cards, debit cards, UPI, mobile wallets, net banking, and other online services. You can also opt for an auto-debit option from your account for repayments on the dedicated due date.

Is it mandatory to have an aadhaar-linked mobile number?

In order to avail your Personal Loan, you have to provide an E-signature. For this, an aadhaar linked number is preferred. If you do not have an aadhaar linked mobile, you can also register using an OTP sent to the registered number.

Can I provide a joint account for the loan amount to be transferred into?

Yes. A joint account may be provided by the user. It is mandatory for the applicant to be one of the account holders.

The application does not list my profession. Can I still get a loan?

Yes, you can get a loan even if your current profession is not mentioned in the application. Send an email about your employment details to help@KreditBee.in

Why am I not eligible for a loan of 1 Lakh but can avail a microloan?

In order to get a loan of 1 Lakh, it is necessary for customers to start off with a microloan. Once repayments of the microloan are made as per the schedule, the applicant becomes eligible for a higher loan. There are also other parameters set by the lending partners and KreditBee to decide the maximum disbursal amount applicable to any user.

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