How to get a personal loan from Kreditbee? Eligibility & Interest Rates
Are you looking for a fast and reliable way to avail a personal loan? If so, then KreditBee can help you. In this article, we will learn about KreditBee Personal Loan, what it has to offer you and why it might be the right choice for you.
Kreditbee Personal Loan Details
- Interest rate starting from 12.00% p.a.
- Loan amount up to Rs.1,000-4 lakh
- Loan Tenure 3-24 Months
- Processing Fee 6% of the loan amount availed
What is KreditBee?
KreditBee is a digital lending platform that provides personal loans, credit lines and other financial products to its users. It uses big data and machine learning algorithms to assess the creditworthiness of its borrowers and offer them loans at competitive interest rates. KreditBee also has a mobile app that allows its users to manage their finances on the go.
CreditB Personal Loan
Through Kreditbee, you can avail a personal loan ranging from Rs 1,000 to Rs 4 lakh with a repayment tenure ranging from 3 months to 24 months. However, the loan amount and tenure may vary depending on the type of personal loan. You can apply for a personal loan by downloading the KreditBee App from the Google Play Store on your smartphone.
Kreditbee Personal Loan Interest Rates
KreditBee personal loan interest rates start from 12.00% per annum and go up to 29.95% per annum. However, the actual interest rate you pay may be higher or lower depending on a number of factors including your credit score, loan amount, tenure, type and repayment history.
Personal Loan Types Interest Rates
- Flexi Personal Loan from 18.00% p.a. to 29.95% p.a.
- Personal Loan for Employed 15.00% p.a. to 29.95% p.a.
- Online Purchase Loan / E-Voucher Loan 12.00% p.a. to 24.00% p.a.
When you apply for a Kreditbee Personal Loan, your credit report is examined and your credit score is used to determine your interest rate. If you have a good or high credit score, you are more likely to qualify for a lower interest rate. However, if your credit score is poor or low, you may still be able to qualify for a personal loan, but are likely to pay a higher interest rate.
Kreditbee Personal Loan EMI Calculator
If you are thinking of taking a personal loan, then you must know the meaning of the term EMI. EMI is the amount you need to pay every month to repay your loan. Before taking a loan it is important to know how much EMI you can afford so that you can plan your finances accordingly
You can calculate your EMI using the KreditBee Personal Loan EMI calculator mentioned below. You just need to enter some basic information such as loan amount, interest rate and tenure. Once you enter these details, the calculator will give you an estimate of your monthly EMI.
Kreditbee Personal Loan Types
Following are the four main types of personal loans offered by KreditBee:
CreditB Flexi Personal Loan
Flexi Personal Loan is the ideal solution for all your small business needs. All the monthly expenses can be easily met with this loan. You can use this loan to pay for utility bills, groceries, or even for your medical treatment.
- Loan amount: Rs 1,000 to Rs 50,000
- Interest rate: 18% – 29.95% per annum
- Loan Tenure: 2 months to 10 months
- Minimum Salary: 10,000 per month
CreditB Personal Loan for Salaried
Personal loans for salaried individuals allow you to manage your expenses at any point of time, even when you are strapped for funds. Even if you earn Rs 15k a month, you can still avail Kreditbee Personal Loan to cover monthly expenses over and above your normal expenses.
- Loan amount: Rs 10,000 to Rs 4 lakh
- Interest rate: 12% – 29.95% per annum
- Loan Tenure: 3 months to 24 months
- Minimum Salary: 15,000 per month
CreditB Personal Loan for Self Employed
Personal Loan for Self-Employment can help you meet your entrepreneurial and personal needs. Whether you are looking for capital to start a business or to cover additional expenses. This Personal Loan by CreditB is with you.
- Loan amount: Rs 40,000 to Rs 1,50,000
- Interest rate: 12% – 29.95% per annum
- Loan Tenure: 3 months to 12 months
- Minimum Income: 20,000 per month
Features and Benefits of Kreditbee Personal Loan
The following are the features and benefits of CreditB Personal Loan:
- Quick and easy online application: You can apply for Kreditbee Personal Loan in just a few minutes from the comfort of your home. There is no need to visit a branch or do paperwork. You can do everything online.
- Competitive Interest Rates: Kreditbee offers the most competitive interest rates on personal loans in the market. This means that you can save money on your loan repayments as compared to other lenders.
- Loan Amount: You can easily avail a personal loan from CreditB from Rs.1,000 to Rs.4 lakh and use this personal loan to meet your personal needs like wedding, purchase, home renovation, medical emergency expenses, etc. Can do
- Fast Approval & Funding: Once you are approved for the loan, the funds will be transferred to your bank account within 24 hours. This means you can get instant access to the money you need without any hassles.
- No foreclosure charges: You can repay the Kreditbee Personal Loan before the stipulated repayment tenure without paying any extra charges.
- Flexible repayment terms: You can choose to repay your loan over a tenor of 3, 6, 12 or 24 months, depending on what suits you best. There is no early repayment penalty, so you can repay your loan sooner if you wish to.
- No Collateral Required: You do not need to submit any collateral to avail Kreditbee Personal Loan, hence it is a great option if you do not have any assets to offer as security.
- Minimal Documentation: You do not need to submit a lot of documents to apply for a CreditB personal loan, you just need to submit the original documents, which you can upload online.
- No Hidden Fees: There are no hidden fees or charges with KreditBee Personal Loan. You will know exactly how much you have to pay every month.
Eligibility Criteria for Kreditbee Personal Loan
To apply for Kreditbee Personal Loan one has to fulfill the following eligibility criteria.
- The minimum age of the applicant should be 21 years and maximum age should be 45 years.
- The monthly income of the applicant should be more than Rs 10,000.
- Applicant must be working in his/her current company for at least 3 months.
Documents Required for CreditB Personal Loan Application
The following documents are required for Kreditbee Personal Loan application.
- PAN card
- proof of employment
- salary slip
- KYC documents
How to get Kreditbee Personal Loan?
Follow the steps given below to apply for CreditB Personal Loan.
- Download the Kreditbee app on your smartphone from the Google Play Store.
- Sign up now with your Facebook account.
- Enter your Aadhaar or PAN card number to check your eligibility, and enter some required details.
- If you are eligible then upload your KYC documents.
- Enter your company information.
- Now enter your bank details.
- You will need to provide your e-signature.
- The loan amount will be disbursed to you within 15 minutes.
How to login to Kreditbee?
Follow the steps given below to login to the Creditbee app.
- Open Kreditbee app, go to the sign in page.
- Login using Facebook or Google, or login with your registered mobile number