KreditBee Personal Loan


KreditBee offers a personal loan with personalised benefits to fund your dream vacation. Includes consolidating high-interest debts, cover medical expenses, and more. With a KreditBee personal loan, you can enjoy flexible repayment schedules to plan your budget effectively. With a personal loan from KreditBee navigate smoothly through every important milestone!

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KreditBee Personal Loan Details

KreditBee is an inclusive instant loan provider that will give you the funds you need. It offers varied loan types for different individual needs. Some of KreditBee loan details are mentioned in the table below:

Interest rate Up to 2.49% p.m
Processing fee Up to 6% of the loan amount
Loan repayment tenure 3 to 24 months
Loan Amount Rs. 1000 to Rs. 1.5 Lakhs

KreditBee Personal Loan Interest Rates

The annual KreditBee interest rate ranges from 1.02% to 2.49% p.m. The interest rate offered to you will vary depending on the loan amount, tenure, monthly income, and, most importantly, your credit score and repayment history.

Let’s go through the interest rates and loan amount details from the table below:

Interest rate 1.02% (p.m) Onwards
Loan amount for self-employed Rs 40,000 to Rs 1.5 Lakhs
Loan amount for salaried Rs 10,000 to Rs 4 Lakhs
Loan amount for Flexi Loan Rs 1000 to Rs 50,000

Apply for a Personal loan now!

KreditBee Personal Loan Fees & Charges

There are common charges associated with borrowing a personal loan. These costs include processing fees, pre-payment charges in case you want to pay off your debt before the set tenure, and late payment charges when you miss your loan payment in a particular month. Some of KreditBee loan fees and charges are:

Processing fee Up to 6% of the loan amount
Onboarding fee for new customers Rs 500
GST on onboarding and processing fee Rs 2,250

Apart from the fees mentioned above, some additional charges are:

  • Late payment charges for Flexi Loan: Overdue charge of Rs. 10/- to Rs. 200/- and Per day penalty charge of Rs. 5 - Rs. 75.
  • Late payment charges for salaried: Overdue charge of Rs. 500 and Per day penalty charge of 0.15%.
  • Other KreditBee loan charges: Convenience fee, document collection fee, credit re-assessment fee, loan document fee and penalty charges for auto debit.

KreditBee Personal Loan Eligibility Criteria

Qualify for a personal loan this instant with KreditBee’s eligibility criteria check. You can easily check your eligibility for a loan through the KreditBee eligibility calculator on the website or mobile application. Some of the factors that determine your KreditBee eligibility criteria include the following:

  • Citizenship: You must be an Indian citizen.
  • Age: You must be at least 21 to 60 years of age.
  • Income: You must have a minimum monthly income of Rs 10,000.
  • Employment: You must either be salaried or self-employed with a regular income.
  • Credit score: You must have a good credit score.

Documents Required for KreditBee Personal Loan

Having the right documents is crucial to ensure you are eligible for a KreditBee personal loan and get the necessary funds on time. Every lender will have different requirements. However, the required KreditBee personal loan documents are:

  • Photo: Selfie
  • Identity Proof: PAN card
  • Address Proof: Aadhar or Passport
  • Proof of Income: Latest bank statements

How to Calculate KreditBee Loan EMI?

Calculating your EMI is always a good practice. Doing so will keep you one step ahead of managing your finances. When considering a loan from KreditBee, you can calculate your EMI to estimate your repayment ability through the KreditBee personal loan EMI calculator.

The calculator will calculate the estimated amount based on your loan amount, interest rate, and repayment tenure.Using the calculator is extremely easy. All you need to do is provide the correct information.

However, it is important to note that the EMI calculation helps you with an estimate. The actual amount may differ depending on factors such as your credit score.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Features & Benefits of KreditBee Personal Loan

KreditBee offers a range of unique features and benefits that you can gain from. Some of the important ones include:

fast and convenient

Complete the application
process and disbursal in
10 minutes.

Low interest Rates

Get loan at afforable
interest rates for any
purpose.

Zero collateral

Enjoy collateral free
personal loans.

100% paperless

Apply online without the
need for physical documentation.

Safe and Transparent.

The loan process is secured
with no hidden charges.

Easy Repayment

Afforable EMI with
flexible repayment options.

Compare KreditBee Personal Loan Vs Other Lenders

Making the right financial decision when choosing a personal loan is crucial for financial independence. While KreditBee offers affordable personal loans with flexible repayment tenures, comparing it with other banks or NBFCs is important. You will understand your repayment ability and make better-informed decisions through a brief comparison.

Banks/NBFCs Interest Rates(p.a) Processing Fees
SBI 11.00% to 14% p.a Up to 1.50%
HDFC 10.05% to 21% p.a 0.50% onwards
ICICI 10.75% p.a onwards 2.50%
Axis 10.49% p.a onwards 1%

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Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.

Apply for a Personal loan now!

Types of KreditBee Personal Loan

KreditBee offers various types of personal loans to meet the different needs of different people. Whether you are salaried or self-employed, need a quick loan, a loan for educational purposes, travel, medical emergencies, or other financial requirements, KreditBee will have you covered.

Personal loan in KreditBee are flexible, with various repayment terms and loan amounts. They offer both short-term and long-term loans. You can get a salary advance loan and also loans for larger expenses.

KreditBee Flexi Personal Loan

Have you ever needed urgent funds to cover small expenses? Well, KreditBee flexi personal loans offer just that. You can take a loan as low as Rs. 1,300 up to Rs. 1 Lakhs. The loan can be customised according to your requirements with a simple and convenient repayment plan.

Some of the features and benefits of KreditBee Flexi loan are:

  • It is 100% online and is available 24/7.
  • It is a short term loan with a short repayment cycle.
  • You can get the loan in just 10 minutes.

KreditBee Personal Loan for Salaried

If you are a salaried employee, you can enjoy the benefits of a KreditBee personal loan for salaried employees. If you get a minimum salary of Rs. 10,000, you can get an instant loan of up to Rs. 4 Lakhs at any time. Through this loan, you can cover any unplanned emergency that has come up and manage your finances better.

Some of the unique features of this loan are:

  • You can get loans starting from Rs. 10,000 to Rs. 4 Lakhs.
  • Enjoy hassle free documentation.
  • Get an instant loan in just 10 minutes with flexible tenures.

KreditBee Personal Loan for Self-employed

The KreditBee Personal loan for self-employed will help you achieve any business project or entrepreneurial journey. You can get a loan from Rs. 5,000 to Rs. 1.5 Lakhs, flexible tenures, and affordable EMI. Get a personal loan today to cover any extra expenses you require for your business.

Some of the best features of this loan are:

  • The loan is available online 24//7.
  • Easy and hassle free documentation.
  • Loan disbursal in 10 minutes.

Purchase on EMI

Another type of KreditBee personal loan is purchased on EMI. This allows you to go on a shopping spree without worrying about finances. KreditBee offers easy EMI on a wide range of products from over 2 Lakh + merchants. Choose your repayment plan and enjoy shopping. Some of its unique features are:

Some of the best features of this loan are:

  • Get quick approval with convenient repayment options.
  • You can cover any expense up to Rs 2 Lakhs.
  • Enjoy a hassle free documentation process.

How to Apply For KreditBee Loans with Buddy Loan?

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take next step? Apply for a Personal loan now!

KreditBee Personal Loan Repayment

Loan repayment is a financial obligation you make to the lender, where you set a specified timeframe to repay the borrowed amount with interest. KreditBee offers flexible loan repayment plans with the tenure ranging from 3 months to 24 months. The loan can be repaid through Equated Monthly Installments (EMI) through various repayment methods.

You can repay the loan through different modes of payment like auto-debit through Electronic Clearance Service (ECS) or National Automated Clearing House (NACH), online payments through the website or mobile application using net banking, debit cards, or other payment methods, and cheques or demand drafts.

Frequently Asked Questions

KreditBee is an online instant personal loan platform that offers loans up to Rs 4 Lakhs.

To use KreditBee, you can simply install the app or visit their website. Once installed, you can register yourself and check your eligibility. Upload your KYC documents and wait for the verification. Once it is verified you can then start applying for a loan.

To be eligible for a KreditBee loan, you need to be an Indian citizen, be 21 to 45 years of age and have a minimum salary of Rs 10,000.

All you need is a photograph, PAN card, Aadhar card, Passport and Bank statements.

Depending on your credit history, the maximum loan amount you can avail is Rs 1.5 Lakhs for self-employed and Rs 4 Lakhs for salaried employees.

Yes, you can apply for a loan with KreditBee even with a low credit score.

No, you cannot extend the repayment tenure once a loan has been approved.

You can repay your loan through the KreditBee app or website through payment options like debit cards, net banking, and UPI.

No, you can only apply for one loan at a time with KreditBee.

You can track the status of your application through the KreditBee App or website.

Yes, KreditBee is a secure platform for application of loans.

No, you need to be 21 years of age or older with a regular source of income to apply for a loan on KreditBee.

With timely repayments there is a possibility that the loan limit can increase. However, it also depends on your salary and credit score.

Yes, KreditBee has a mobile app.

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