Today We are going to guide you about how to increase KreditBee loan amount. As We know KreditBee is one of the leading instant loan provider fintech company in India that gives loan of up to five lakhs.
But this loan amount varies according to the loan type and person. The KreditBee consider many thing before giving a loan to the customers, and according that indications KreditBee decide that how much loan you have to give.
If you have taken loan from the KreditBee and now want to increase your loan amount limit in KreditBee. Then this article is more useful for you. Because in this article we are going to guide you how you can increase your KreditBee loan amount. So let’s start to know.
Contents
Which things does kreditbee check before giving you loan?
KreditBee checks more thing before giving a loan to its customers and consider many things and after that they decided that how much loan you have to give. So first lets know which things does kreditbee check before giving a loan.
First of all Kreditbee checks you monthly salary that how much monthly you earn. If your salary is good then you will get a good credit limit in KreditBee. But when your salary is lowest then you will get few amount of loan. So salary is most important thing that decides your loan amount limit.
Second things that consider by the KreditBee is your cibil or credit score, if your cibil score is good and then you can get good loan amount and also your interest rate could be lowest. So cibil score is also play an important role to decide your loan amount limit. As well as there are many things. So now lets know how to increase your existing KreditBee loan amount limit.
How To Increase KreditBee Loan Amount?
As above we have known about some important things that decides your loan amount limit that how much loan you have to pay. So if you want to increase your KreditBee loan amount, you have improve the given points:
Maintain a Good Credit or Cibil Score:
Cibil score is one of the most important things and it plays a top role to decide your loan amount. For example- If your credit score is too good then KreditBee offers higher loan amount limit for you. Because Credit Score indicates your previous financial behavior and relation with other finance companies and banks.
Whereas, if your credit score is not good or very bad, then it may be that KreditBee does not offer you any loan. But if your Credit Score is normal or useable good, then KreditBee can give you few loan amount first. Because Low Credit score indicates that your behavior is not good with the previous finance companies or banks.
Pay Off Your Existing Loan or EMIs on Time
Suppose you have already taken a loan from the KreditBee and now want to increase your credit limit, then firstly, you have to pay all your existing loan amount. Or if you have running loan EMIs and you don’t pay your EMIs on time, then it becomes very difficult to increase your loan amount.
So if you want to increase your loan amount in KreditBee or any other micro finance company, first you have pay all your running loan EMIs on time. Then KreditBee automatically increase your loan amount limit.
Try to Increase Your Salary or Source of Income
If you want to increase your loan amount limit in KreditBee loan app, you have to work on the above guide, as well as you should try to increase your salary or source of income by which you will be able to repay your existing loan on time. And as soon as you will pay of your existing loan, KreditBee will as soon as increase your loan amount limit.
Conclusion
My Dear Readers, Today we have given information about the way to increase your Kreditbee loan amount. We hope you loved this article, and you will be able to increase your KreditBee loan amount after reading this article carefully till the end. If this article is helpful for you, you should share it with your friends. Thank You.