Kreditbee personal loan

KreditBee is an online platform facilitating loan transactions between banks/NBFCs and borrowers. The personal loan interest rates available through the platform goes up to 29.95% p.a. for loan amounts of up to Rs 4 lakh and for tenures of up to 24 months. KreditBee Personal Loan comes with instant disbursal (within 15 minutes) and with minimal documentation. KreditBee also provides pre-closure facility on their personal loans. KreditBee Personal Loan Highlights Interest Rates Up to 29.95% p.a. Tenure 62 days to 2 years Loan Amount Rs 1,000 to Rs 4 lakh Processing fees • For Flexi Personal Loan: Rs 85 to Rs 1,250 • For Personal Loan for Salaried (for loan amount from Rs 10,000 to Rs 2 lakh): Rs 500 to up to 6% of loan amount • For Online Purchase Loan/E-Voucher Loan: Up to 5% of loan amount Minimum Net Monthly Income • For Flexi Personal Loans: More than Rs 10,000 • For Personal Loans for Salaried: More than Rs 10,000 Note: Rates as of 9th June 2023 Table of Contents • • • • • • • • KreditBee Personal Loan Interest Rates The interest rates for KreditBee Personal Loan goes up to 29.95% p.a. Particulars Interest Rates (p.a.) Flexi Personal Loan 18.00% – 29.95% Personal Loan for Salaried 15.00% – 29.95% Online Personal Loan/E-Voucher Loan Up to 24.00% Compare Interest Rate for Personal Loans from Top Banks and NBFCs Banks/NBFCs Interest Rates(p.a.) 10.49% onwards 10.49% onwards 10.49% onwards 10.50% onwards 10.50% onwards 10.99% onwards 10.99% onwards 11.00% onwards 11.49% - ...

Online Purchase Loan 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. 1. Flexi Personal Loan To borrow higher amounts from KreditBee, you need to first avail a • To be eligible for the next loan from KreditBee, you need to repay your previous Flexi Personal loan. • The loan tenure cannot be changed after the loan is approved and disbursed. • If your application for a Flexi Personal loan gets rejected, you can reapply within 6 months from your previous application. 2. Personal Loan for Salaried 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: • The documentation required is minimal and funds are disbursed to your account almost immediately. • This loan is helpful in situations when your salary gets delayed and you have to take care of loans/bill payments. How KreditBee Works? 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 onc...

KreditBee is an online lending platform that hosts multiple Non-Banking Financial Companies (NBFCs) as personal loan lenders. The KreditBee Personal Loan eligibility criteria is broadly determined on the basis of age, monthly income, credit scores, work experience (both overall and in the current organization), etc. of its personal loan applicants. However, the final personal loan eligibility criteria offered for the loan applicant would also depend on the eligibility criteria set by the participating lenders in the KreditBee platform. KreditBee Personal Loan Eligibility Criteria The Flexi Personal Loan • Indian citizen • Age: 21 to 45 years • Minimum monthly income: Rs 10,000 Personal Loan for Salaried • Indian citizen • Age: 21 to 45 years • Minimum monthly income: Rs 10,000 • Work experience of at least 3 months in your current company • Employees should remain in their current company for the duration of their employment. Personal Loan for Self-Employed • Indian citizen • Age: 21 to 45 years • Minimum monthly income: Rs 10,000 Purchase on EMIs • Indian citizen • Age: 21 to 45 years • Minimum monthly income: Rs 10,000 Factors that Affect KreditBee Personal Loan Eligibility Credit Scores KreditBee considers the Personal loan lenders usually prefer sanctioning loans to applicants having credit scores of 750 and above as such applicants are usually considered as creditworthy. Some lenders also offer lower interest rates on personal loans to loan applicants having higher cr...

KreditBee is an online digital lender that How to Register on KreditBee Personal Loan Online Portal To avail various personal loan related services from KreditBee, customers need to register themselves for online banking. The registration process involves the following steps: 1. Visit the official website of KreditBee. 2. Click on ‘Sign In’ and register using Facebook or Google. The lender mandatorily requires availability of an active online account with Facebook/Google in order to register for online banking services. After registration, you will be able to use your registered mobile number to log in. How to Login on KreditBee Portal You can log in to the KreditBee portal by following the steps given below: 1. Visit the official website of KreditBee. 2. Click on ‘Sign In’ and login either using Facebook or Google. Or You can log-in using your registered mobile number and OTP. Services available on KreditBee Portal KreditBee’s online portal offers customers a range of services including the provision to track their personal loan application, know the • Make payments using net banking • Track the status of your personal loan • Apply for a new loan • Check your account statement, etc. Important Aspects Given below are few key things that you should keep in mind when using KreditBee’s online services: • Make sure that the URL begins with “https” and not “http” ensuring it is a secure connection. Also, ensure that you check the web address carefully before sharing any sensiti...

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by KreditBee. "There are two sure ways to lose a friend, one is to borrow, the other to lend.” goes the saying, which is indeed true. While we go to a bank for borrowing huge sums of money, till a few years back the only option we had if we wanted to borrow a small amount for shopping, for travelling, or to pay a bill was to approach a friend or family member, as borrowing from bank is quite a hassle especially for those who are not salaried or are new to credit. But this is not the case now. With innovative fintech startups coming up, getting a small loan is a matter of a few clicks. One such startup that has simplified borrowing for young professionals is KreditBee. KreditBee was started in 2018 to help the NTC (New-to-Credit) population become a part of the Credit Bureau system in India to enable them to borrow from banks & traditional NBFCs. KreditBee announced on October 18, 2021, that it has issued over 1,00,000 cards. Among the fintech players offering cards, KreditBee has become one of the fastest players in the country to cross the milestone, that is, within 60 days of its launch. It aims to expand the portfolio by issuing over 1 million ‘KreditBee Cards’ by March 2022. StartupTalky interviewed KreditBee's co-founder Madhusudan Ekambaram to know more about the startup story and roadmap of the organizat...