KreditBee Personal Loan

KreditBee Personal Loan Highlights
Interest Rates	Up to 29.95% p.a.
Tenure	62 days to 24 months
Loan Amount	Rs 1,000 to Rs 3 lakh
Processing fees	Flexi Personal Loan: Rs 85 to Rs 1,250 Personal Loan for Salaried (for loan amount from Rs 10,000 to Rs 2 lakh): Rs 500 to up to 6% of loan amount Online Purchase Loan/E-Voucher Loan: Up to 5% of loan amount
Minimum Net Monthly Income	For Flexi Personal Loans: Rs 10,000 For Personal Loans for Salaried: Rs 15,000

Note: Rates as of 6th January 2023

KreditBee Personal Loan Interest Rates

The interest rates for KreditBee Personal Loan goes up to 29.95% p.a.

Particulars	Interest Rates (p.a.)
Flexi Personal Loan	18.00% – 29.95%
Personal Loan for Salaried	15.00% – 29.95%
Online Personal Loan/E-Voucher Loan	Up to 24.00%

Compare Interest Rate for Personal Loans from Top Banks and NBFCs

The following is a comparison of personal loan from KreditBee to some leading online lenders and NBFCs:

Banks/NBFCs	Interest Rates(p.a.)
HDFC Bank	11.00% onwards	Apply Now
SBI	10.90%-15.40%
ICICI Bank	10.75% onwards	Apply Now
Axis Bank	10.49% onwards	Apply Now
Kotak Mahindra Bank	10.99% onwards	Apply Now
IndusInd Bank	10.49% onwards	Apply Now
IDFC First Bank	10.49% onwards	Apply Now
Bajaj Finserv	11.00% onwards	Apply Now
Tata Capital	10.99% onwards	Apply Now

Also Read: Check the personal loan interest rates offered by top banks and NBFCs

Processing Fees and Charges

Particulars	Rates
Processing fees*	For Flexi Personal Loans: Rs 85 to Rs 1,250 For Personal Loans for Salaried (for loan amount from Rs 10,000 to Rs 2 lakh): Rs 500 to up to 6% of loan amount For Online Purchase Loan/E-Voucher Loan: Up to 5% of loan amount
Convenience fees**	Bank transfer: Nil (borrower’s bank may levy charges for NEFT/IMPS transfer) Net banking: Rs 6 to Rs 15 per transaction (depending on the borrower’s bank) Debit Card: Less than Rs 2,000: Nil Above Rs 2,000: 0.90% UPI: Rs 5 to Rs 11 per transaction (depending on the borrower’s bank) Wallet/Prepaid: Up to 1.90% (depending on the wallet chosen for payment)
Penalty Charges for Auto Debit	Rs 100
Late Payment Charges	Flexi Personal Loan: For a 2 month loan of Rs 1,000 to Rs 10,000: One time overdue charge of Rs 10 to Rs 200 Per day penalty charge: Rs 5 to Rs 75 for every overdue instalment Personal Loan for Salaried: For a 15 month loan (loan amount of Rs 10,000 to Rs 3 lakh): One time overdue charge of Rs 500 Per day penalty charge: 0.15% of principal amount for every overdue instalment Online Purchase Loan/E-Voucher Loan: One time overdue charge: Rs 500 Per day penalty charge: 0.2% of principal amount for every overdue instalment

*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 15 minutes of application
• Tenure: 2 months (minimum 62 days) to 6 months
• Loan Amount: Rs 1,000 – Rs 10,000 (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: 18.00% – 29.95% p.a.
• Minimum Salary requirement: 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 to 15 months
• Loan Amount: Rs 10,000 to Rs 3 lakh
• Interest Rate: 15.00% – 29.95% p.a.
• Minimum Salary requirement: Rs 15,000 per month (net). A salaried individual can take a loan up to 200% of their monthly net salary

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.
• Interest Rate: Up to 24% p.a.

Eligibility Criteria for KreditBee Personal Loan

The eligibility criteria for KreditBee Personal Loan is similar to the eligbility criteria for personal loan set by most banks and NBFCs. Some of the main factors considered by KreditBee for ascertaining the personal loan eligbility 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)

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

Online Purchase Loan/E-Voucher Loan

• PAN Card
• KYC Address Proof

KreditBee Personal Loan EMI Calculator

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