Apply for Kreditbee Personal Loan Online
Kreditbee
Up to ₹4L
16% - 29.95%
Upto 2 Years
₹1,250
*Applicable for selected customers
Note: Interest rates as on 18th June 2024
Table of Contents
KreditBee Personal Loan Interest Rates
The interest rates for KreditBee Personal Loan ranges between 16.00% and 29.95% p.a. The personal loan interest rates for various KreditBee loan schemes are mentioned below:
Particulars | Interest Rates (p.a.) |
Flexi Personal Loan | 24.00% – 29.95% |
Personal Loan for Salaried | 17.00% – 29.95% |
Personal Loan for Self-Employed | 16.00% – 29.95% |
Processing Fees and Charges
Particulars | Rates |
Processing fees* |
|
Convenience fees** |
|
Penalty Charges for Auto Debit | Rs 100 |
Late Payment Charges | Flexi Personal Loan:
Personal Loan for Salaried:
Online Purchase Loan/E-Voucher Loan:
|
*charges are indicative and may change based on an individual’s profile. It is deducted from the loan amount upfront
**excluding GST and other applicable taxes
Also Read: What is the processing fees and charges on personal loans for top banks and NBFCs?
Types of KreditBee Personal Loans
Flexi Personal Loan
- Flexi Personal Loan is aimed at salaried individuals looking for small-ticket size loans for meeting unexpected emergencies or taking care of small expenses (insurance premiums, utility bills, etc.). The loan amount is disbursed within 10 minutes of application
- Tenure: 2 months (minimum 62 days) to 6 months
- Loan Amount: Rs 1,000 – Rs 80,000 (Based on the repayment track record and other factors, borrowers can increase their loan amount eligibility to Rs 1 lakh at later stages)
- Interest Rate: 24.00% – 29.95% p.a.
- Minimum Salary requirement: More than Rs 10,000 per month (net)
Personal Loan for Salaried
- Personal Loan for Salaried is disbursed to eligible salaried applicants within 1 working day of making loan application. KreditBee prefers providing loans to employees seeking to continue with their existing employers during their loan tenure.
- Tenure: 3 months to 2 years
- Loan Amount: Rs 10,000 to Rs 5 lakh
- Interest Rate: 17.00% – 29.95% p.a.
- Minimum Salary requirement: More than Rs 10,000 per month (net). A salaried individual can take a loan up to 200% of their monthly net salary
Personal Loan for Self-Employed
- Personal Loan for Self-Employed is disbursed to eligible self-employed individuals within 10 minutes of making the loan application. KreditBee offers this personal loan facility to self-employed applicants for meeting their business-related expenses.
- Tenure: 4 months to 2 years
- Loan Amount: Rs 10,000 to Rs 2 lakh
- Interest Rate: 16.00% – 29.95% p.a.
Online Purchase Loan/E-Voucher Loan
- Online Purchase Loan/E-Voucher Loan is offered to salaried individuals for financing their shopping on KreditBee partner platforms. They can register on KreditBee and make an upfront down payment to avail E-Vouchers on EMI to shop on multiple online platforms.
- Tenure: The E-Voucher expires within a year from the date of issue
- Loan Amount: The E-Voucher loan amount should be within the assigned credit limit (available on the KreditBee app) and the down payment amount selected for purchasing the product.
Eligibility Criteria for KreditBee Personal Loan
The eligibility criteria for KreditBee Personal Loan is similar to the eligibility criteria for personal loans set by most banks and NBFCs. Some of the main factors considered by KreditBee for ascertaining the personal loan eligibility of their loan applicants are as follows:
Eligibility for Flexi Personal Loan
- Indian Citizen
- Minimum Salary requirement: Rs 10,000 per month (net)
- Age: 21 to 45 years
Personal Loan for Salaried
- Indian Citizen
- Minimum Salary requirement: Rs 15,000 per month (net)
- Age: 21 to 45 years
- Work Experience: At least 3 months (in the current organization)
Personal Loan for Self-Employed
- Indian Citizen
- Minimum Salary requirement: Rs 10,000 per month (net)
- Age: 21 to 60 years
Online Purchase Loan/E-Voucher Loan
- Indian Citizen
- Age: above 21 years
Documentation Required for Personal Loan from KreditBee
Flexi Personal Loan
- PAN Card
- Address Proof: Voter ID Card, Aadhaar Card, Passport
Personal Loan for Salaried
- PAN Card
- Address Proof: Voter ID Card, Aadhaar Card, Passport
- Bank statement of salary account
- Salary slips
Personal Loan for Self-Employed
- PAN Card
- Address Proof: Aadhaar Card, Passport
Online Purchase Loan/E-Voucher Loan
- PAN Card
- KYC Address Proof
KreditBee Personal Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Apply for Personal Loan at Attractive Interest Rates Apply Now
KreditBee Personal Loan Customer Care
You can reach out to KreditBee personal loan customer care through one of the following ways:
- You can call on 080-4429-2200 (call charges applicable)
- You can send an email on help@kreditbee.in
- You can send a letter on 3rd Floor, No.100, The Royal Stone Tech Park, Benninganahalli, K.R.Puram, Bengaluru, India – 560016
FAQ’s on KreditBee Personal Loan
Is it safe to take a Personal Loan from KreditBee?
Ans. KreditBee hosts multiple NBFCs, licensed by the RBI, on its online platforms for offering personal loans. Therefore, it is safe for borrowers to avail personal loans from KreditBee.
What is the Personal Loan limit in KreditBee?
Ans. The maximum loan amount offered on the KreditBee platform is up to Rs 5 lakh. However, the maximum personal loan amount set for Flexi Personal Loans Scheme is Rs 80,000, for Personal Loan for Salaried is Rs 5 lakh, for Personal Loan for Self-Employed is Rs 2 lakh and for Purchase on EMI is Rs 2 lakh.
How do I check my KreditBee Personal Loan Eligibility?
Ans. Prospective applicants seeking KreditBee Personal Loans can check their eligibility criteria by visiting the website, going to the ‘Check eligibility’ section, selecting the personal loan scheme they wish to avail and providing the necessary details.