KreditBee Loan Interest Rate, Eligibility, Required Documents, EMis, and More

Hello Friends, Welcome to KreditBee App, Today we are going to know everything about the KreditBee loan including its interest rate, eligibility criteria, required documents, approval time, repayments time, and other all important details that you need to know.

As we know that KreditBee is one of the top and most popular instant personal provider micro finance company in India. It offers instant personal loan of up to five lakhs without any physical documentation. So if you want to take loan from Kreditbee, then this article will be more helpful for you. That’s why you should read it carefully until the end.

KreditBee Loan Details

KreditBee is a safe and legit platform that gives instant personal loan of up to five lakhs for the self-employed, and salaried person.

KreditBee has become the one of the leading loan app in India with its simple and easy loan process. And you can take your loan amount in your bank account within ten minutes after approval.

Type of KreditBee Loan

KreditBee offers various type of loan for its customers. Currently, it is offering five types of loan for its users. Here we have given the all its loan details below:

1. Personal Loan for Salaried: Kreditbee gives loan to the person that has any job with minimum salary of Rs.10,000. So if you have any job with minimum salary with Rs.10,000 you can take loan of up to 5 lakhs from the Kreditbee. But it is important to note that the loan amount can vary according to your salary.
2. Personal Loan For Self-Employed: If you are a self-employed and want to take loan for your personal expense and business, you can take loan from the Kreditbee of up to 2 lakhs Rupees. And you can pay this loan amount in easy EMIs that will be built on according to your repayment ability.
3. Flexi-Personal Loan: Kreditbee offers Flexi-Personal loan service to manage your monthly expense. Under this loan service, Kreditbee gives you a minimum loan amount of Rs.3,000 to maximum Rs.66,000 for the five months. Means you have to pay this loan amount in five months.
4. KreditBee Business Loan: Business owner can also take instant loan from the KreditBee app with lowest interest rate to grow their business. KreditBee gives instant business loan of up to four lakhs with 24 months of repayment time.
5. Purchase on EMI Loan: Now Kreditbee offers a new purchase on emi loan of up to two laksh for 15 months of repayment period. Under this loan, you can take the Purchase on emi loan of up to two lakhs and you can use this loan amount to purchase anything or shopping. And after that you have to repay this loan with little EMIs within 15 months.

KreditBee Loan Interest Rate

The Kreditbee offers lowest interest rates. According to the Kreditbee, it offers loan at minimum of 16% annually interest rate to maximum of 29.95% annually.

But it is important to note that Your interest rate depends on various factors such as your loan repayment period, loan amount, salary, your Credit or cibil score, and Many More.

For example- if your credit or cibil score is good and also you have a good salary, then you can get loan at the lowest interest rate from the Kreditbee.

KreditBee Loan Eligibility

Kreditbee is a simple and easy to use loan app, That gives loan instantly without any physical documentation. But there are some eligibility criteria for KreditBee loan. Here we have given the eligibility for KreditBee App loan:

• Eligibility for KreditBee Personal Loan For Salaried
  • Your age should be between 21 to 45 years.
  • Your belong to Indian citizens
  • Your minimum salary should be Rs.15,000 for salaried person.
  • Your work experience should be minimum 3 months in current company.
• Eligibility for KreditBee Personal loan for self-employed and Business
  • Indian Citizen
  • Age should be between 21 to 60 years.
  • Minimum Salary Rs.10,000 per month
• Eligibility Criteria for Kreditbee Flexi or Purchase on EMI loan
  • Age should be minimum 21 to 45 years.
  • Indian citizen
  • Monthly salary minimum Rs.10,000

Required Documents

Kreditbee requires minimum documents to give you loan and its all process is fully online. This means Kreditbee does not take any physical documents to verify your address and any other details. You should have some important documents that have been given below:

• Aadhar number and Registered mobile number
• Email ID
• Pan Card
• Last six month of bank statements
• Salary slip for salaried person
• Photograph or selfie

KreditBee Loan Amount List

As above we have told you that Kreditbee offers different types of loan, and according to the type of loan, loan amount can vary. But Kreditbee gives a loan of up to five lakhs. Here we have given the KreditBee loan amount list below in the table:

Loan Type	Loan Amount (Minimum/ Maximum)
Personal Loan For Salaried	Rs.10,000 To Rs.5,00,000
Personal Loan For Self-Employed	Rs.10,000 To Rs.2,00,000
Business Loan	Rs.1,000 To Rs.4.00,000
Flexi Personal Loan	Rs.3,000 To Rs.66,000
Purchase on EMI Loan	Up to Rs.2,00,000

KreditBee Loan Repayment Time or EMIs

Kreditbee gives enough time to repay your loan amount with easy EMIs. But it is important to note that your loan repayment time, and EMIs varies on your loan amount. If your loan amount is big then your loan repayment time will be long and EMIs will also be a little bit big. Here we have given the KreditBee app loan repayment time in the table according to type of loans:

Loan Type	KreditBee Loan Repayment Time
Personal Loan For Salaried	Up to 36 Months
Personal Loan For Self-Employed	Up To 24 Months
Flexi Personal Loan	Up To 5 Months
Business Loan	Up To 24 Months
Purchase on EMI Loan	Up To 15 Months

KreditBee Loan App Download

Above we have known some important information regarding the Kreditbee app loan that need to know every person who want to take loan from the KreditBee. Now if you have decided to take loan from the KreditBee, first you have download and install the KreditBee App.

To Download KreditBee app, you can download it from the Google Play Store if you have an android device, otherwise you can download it from the Apple App Store if you have an Apple Device.

How To Apply For KreditBee Loan?

Apply for KreditBee personal or any other loan is easy and simple. You can apply for KreditBee loan with the help of its official website or KreditBee Mobile Application. But if you want to apply it with simple and easy steps, you should download and install the KreditBee App. Because it is simple and easy to apply for loan using KreditBee App.

To apply KreditBee app loan, first of all, you have download and install the App, after that you have to sign up and creating an account in KreditBee App, complete your documents and profile verification by using video kyc, and other online document verifications.

After the completing your kreditbee profile, you will be able to apply for loan in KreditBee. You will see an option to apply for loan on the home screen of KreditBee App, and according to your eligibility you can apply.

If you are unable or facing any kind of problem during to apply loan in Kreditbee app, you can also take help from the Kreditbee customer support team, and they will help you to apply your loan.

KreditBee Loan Disbursement Time

When you will apply for loan in Kreditbee, your loan application will go for review, and if you will have submitted all the documents with correct information, you loan application will be approve.

After the ten minutes of your loan application approval, you loan amount will be disbursed in your bank account. So Kreditbee loan disbursement time is 10 minutes.

KreditBee Loan Processing Fee and Charges

Kreditbee just takes processing fee of just from minimum of Rs.85 to 6.5% of your loan amount for its loan. It does not charges any hidden fee or charges. And if you transfer your money in your bank account using Bank transfer like IMPS or NEFT, the Kreditbee does not take any charges.

Nut it is important to note that, Kreditbee gives some offers and coupon code to get discounts on its processing fee of up to 100%. So using the KreditBee coupon code, you can save your processing fee.

But when you transfer your money in your bank account from the KreditBee, then it take convenience charges that depends on your loan amount and payment methods.

As well as, KreditBee takes some other charges like Onboarding fee for new customers, and Penalty fee on interest if you don’t pay your loan amount on time to time.

KreditBee Loan Approval Time

After the apply of the loan application in KreditBee, Kreditbee takes some time to review your loan applications, and then if everything is okay, they approve your loan. And this process take some hours to some days that depends on your loan type and KreditBee.

Normally, the most of the companies like Kreditbee take 4 to 5 days to approve loan applications. And after the approval your loan amounted credited in your bank account within the ten minutes.

FAQs-

Conclusion

Today in this article, we have learned everything important information regarding the KreditBee loan including its interest rate, eligibility, required documents, loan amounts, and many more.

We hoep this article will be helpful for you and you will be able to solve your queries regarding this. But even you have any question in your mind, feel free to ask with us, we will help you as soon as possible. Thank You.