KreditBee Personal Loan Details

Interest Rates  0% - 29.95% p.a.
Loan AmountRs. 1,000 - Rs. 2,00,000
Tenure62 days - 15 Months
Loan Processing Fee0% - 6% of the sanctioned loan amount
Turnaround time Entire process from registration to disbursement takes maximum 15 minutes.
PurposeMedical emergency, domestic functions, education, travel, payments of existing debts & insurance, and other financial emergencies.

Kreditbee App

KreditBee App offers instant personal loans up to Rs. 2 Lakhs to salaried individuals against their salary to help them meet their urgent financial requirements.

The entire process is online, starting from registration to disbursement and does not take more than 15 minutes. These Personal Loans can be availed online through KreditBee website and 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 Rates

KreditBee interest rate varies with the type of loan you wish to avail. Following are the applicable interest charges:

  • Rate of interest for Flexi Personal Loan: 18% to 29.95% p.a.
  • Rate of interest for Personal Loan for Salaried: 15% to 29.95% p.a.
  • Rate of interest for E-voucher Loans or Online Purchase Loan: 0% to 24% p.a.

KreditBee Personal Loan Features and Benefits

  • Flexible loan amount: You can get a loan of minimum Rs. 1,000 to maximum Rs. 2 Lakhs to meet your urgent financial needs.
  • Low interest rates: KreditBee personal loan interest rates are most competitive and start from 0% for E-voucher Loans, 15% for Personal Loan to Salaried, and 18% for Flexi Personal Loan.
  • Minimal processing charges: The processing fee for these loans starts from 0% and can go up to 6% of the loan amount.
  • Flexible tenure: You can repay your KreditBee Loan in flexible repayment tenure ranging between 62 days and 15 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: The KreditBee app download can be done from Google PlayStore on Android mobiles. 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 15 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.

Types of KreditBee Loans

Following are different types of KreditBee instant loans:

  • Flexi Personal Loan
    • Purpose: Flexi Personal Loans are small-ticket size loans, ideal for small expenses or unexpected emergencies. You can also use them in a cash crunch at the end of the month. Use this KreditBee instant loan to pay utility bills, insurance premiums, or last-minute gifting for someone's birthday.
    • Loan amount: Rs. 1,000 - Rs. 10,000
    • Tenure: 2 months (62 days) - 6 months
    • Rate of interest: 18% - 29.95% p.a.
    • Processing fee: Rs. 85 - Rs. 1,250
  • Personal Loan for Salaried
    • Purpose: This KreditBee personal loan is offered to salaried individuals to help them bear short term expenses like marriage, travel, Car or Bike Loan EMIs, Credit Card EMIs, Home Loan EMIs, and personal emergencies.
    • Loan amount: Rs. 10,000 - Rs. 2 Lakhs
    • Tenure: 3 months - 15 months
    • Rate of interest: 15% - 29.95% p.a.
    • Processing fee: Rs. 500 - 6% of the loan amount
  • Online Purchase Loan/ E-voucher Loans/E-commerce Shopping Loans
    • Purpose: This KreditBee online loan helps you convert your online purchases (for fashion, mobile, electronics, travel, ticket booking, & furniture) on Flipkart, Amazon, Myntra, Jabong, MakeMyTrip, & Nykaa into easy EMIs.
    • Loan amount: Rs. 1,000 - Rs. 10,000
    • Rate of interest: 0% - 24% p.a.
    • Processing fee: 0 to up to 5% of the loan amount

Eligibility Criteria For Kredit Bee Personal Loan

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 45 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 for Flexi Personal Loan and Rs. 15,000 for Personal Loan for Salaried.
  • You should be the Primary Bank Account Holder of a valid Savings Bank Account.

Documents Required For Kredit Bee Loan

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

  • PAN Card to check your 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.

How to Apply Kredit Bee Personal Loan

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.
KreditBee Login
  • Fill in the basic details about yourself to check your eligibility for obtaining a Personal Loan through KreditBee app.
Check Your Eligibility
  • 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.
Eligibility Notification
  • After your eligibility is confirmed, you will be required to upload your KYC documents and fill in a few more details.
KYC Documents

 

  • 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.

KreditBee Personal Loan Application Status

  • 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 to know your personal loan application's status.

KreditBee Customer Care

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

  • KreditBee personal loan customer care number: 080-44292200 (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.

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KreditBee Personal Loans FAQs

✅ Who can avail KreditBee Loan?

Any Indian individual who is aged above 21 years and salaried or has another monthly income source can apply for a Personal Loan via the KreditBee Platform.

✅ What are the interest charges levied by KreditBee?

Interest rates vary between 18-29.95% for Flexi Personal Loan, 15-29.95% for Personal Loan for Salaried, and 0-24% for E-voucher Loans.

✅ Can I get two or more loans simultaneously at KreditBee?

No. You can avail only one loan at a time through KreditBee app.

✅ Which documents should I submit for a KreditBee Personal Loan?

Every user who applies for a KreditBee onlineloan will be required to submit the following documents:

  • PAN: To check your credit score & other financial parameters.
  • Address & identity proof: A copy of Aadhaar/Masked e-Aadhaar/Passport/Voter ID (any one).

✅ How can I check the amount of my credit limit?

You can check your credit limit amount or maximum disbursement amount from the KreditBee app.

✅ Can I avail a loan above Rs. 1 Lakh?

Yes. Depending on your past repayment behaviour and documents provided by you, you can avail a loan of more than Rs. 1 Lakh.

✅ What will be the repayment date of my loan?

You can find your loan's repayment date by logging into the KreditBee app. The repayment tenure may vary between 2 months (minimum of 62 days) to 15 months from the date of disbursal.

✅ What is the processing fee leviRed on KreditBee Loan?

Processing fees for KreditBee instant loan may vary between Rs. 85 to Rs. 1,250 for Flexi Personal Loan, Rs. 500 to 6% of the loan amount for Personal Loan for Salaried, and 0% to 5% of the loan amount for E-voucher Loans.

✅ 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 make KreditBee online payment by opting 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.