Individuals can apply for KreditBee Business Loans either directly through KreditBee or through online financial marketplaces like Paisabazaar. Download the Paisabazaar mobile app or visit Paisabazaar’s official website to check your business loan eligibility and apply for KreditBee Business Loans with ease.
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KreditBee Business Loan Highlights |
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| Interest Rates | 12%-28.5% p.a. |
| Loan Amount | Rs 6,000- Rs 5 lakh |
| Tenure | 6 months- 4 years |
| Processing Fee | Up to 5.1% |
| Collateral | No collateral required |
KreditBee Business Loan Interest Rates
KreditBee has set its business loan interest rates depending on the credit profile and loan amount offered to the applicants. Below mentioned are the interest rates offered to the KreditBee Business Loan applicants.
| Minimum Interest Rate | 12% p.a. |
| Maximum Interest Rate | 28.5% p.a. |
Fees and Charges
KreditBee levies the following charges on its business loan applicants.:
| Particulars | Charges |
| Processing Fee | Up to 5.1% |
| Part-prepayment Charges | Up to 4% of the principal prepaid |
| Foreclosure Charges | Up to 4% of the outstanding principal |
| Penal Interest | 36% p.a. on principal overdue for 2-180 days |
| Credit Information Report Fees | Rs 50 if the customer wants to receive their Credit Information Report |
| EMI Bounce Charges | 4% of principal overdue or Rs 500, whichever is lower |
Eligibility Criteria of Applicants Availing KreditBee Business Loan
Individuals applying for business loans should meet the below-mentioned eligibility criteria:
| Eligibility Criteria | Details |
| Nationality | Indian |
| Age | 21 years and above |
| Business Operations | Atleast 1 year |
| Minimum Personal Income | Rs 10,000 |
| Minimum Household Income | Rs 25,000 |
Documents Required
KreditBee usually asks for the below-mentioned business loan documents during loan application.
| Particulars | Documents Required |
| ID Proof | PAN Card |
| Address Proof | Current and Permanent Address |
| Income Proof | Bank statement and GST details |
| Business Ownership Proof | Udyam Registration Proof/FSSAI License/Shop and Establishment Certificate/ GST details |
How to Apply for KreditBee Business Loan through Paisabazaar
Individuals can apply for KreditBee business loans either through the official website of Paisabazaar or through its mobile application.
Through Paisabazaar App
- Download the Paisabazaar app and sign in to your Paisabazaar account
- Click on Business Loans
- Fill in the required details
- You will see curated offers from our partner lenders
- Check for KreditBee and click on “Apply Now”
Through its Official Website
- Visit the official website of Paisabazaar
- Click on Business Loans
- Enter your mobile number and fill in the OTP
- Fill in the required details
- View curated offers from our partner lenders and check for KreditBee
- Check the given details and click on “Apply Now”
FAQs on KreditBee Business Loan
What are the interest rates offered by KreditBee to its business loan applicants?
KreditBee offers business loans at interest rates ranging from 12% to 28.5% p.a. depending on the credit profile and loan amount offered to the applicants.
What loan amount can be availed through Kredtbee to meet the business requirements?
Applicants can avail a loan amount of Up of up to Rs 5 lakh from KreditBee to meet their business requirements.
What are the important documents required during business loan application?
The major documents required during KreditBee business loan application include ID Proof, address proof, income proof, Udyam Registration Certificate, etc.
For what purposes can applicants avail KreditBee Business Loans?
KreditBee Business Loans are offered to SMEs to cater to their business related financial requirements such as business expansion, starting a new business venture, managing everyday business expenses, etc.
On what factors does the eligibility of KreditBee Business Loan applicants depend?
KreditBee sets its business loan eligibility criteria depending on the age, business vintage, minimum personal and household income, etc. of the applicants.