KreditBee Personal Loan

KreditBee Online Instant Personal Loan- Complete Details

KreditBee offered personal loans to young individuals up to Rs.5 lakhs as per the urgent requirement. The personal loan interest rate ranges start from 16% to 29.95% per annum for a repayment tenure of up to 24 months. You can enjoy quick disbursals directly into your bank account in 10 minutes with the least number of documents.

KreditBee Instant Personal Loan Highlights

Loan Amount Rs.3000 to Rs.5 Lakhs
Interest Rates 16% to 29.95% per annum
Processing Fees Up to 6% of the loan amount
Loan Tenure 3 months to 24 months
Age Limit 21 years to 50 years
Minimum Income Rs.10,000 per month (net)
Work Experience For salaried personal loan- 3 months of work experience in an existing company

KreditBee Personal Loan Features or Benefits

KreditBee is a widespread personal loan online lending platform in India, some of its key features include.

  1. Fast processing and disbursement- KreditBee typically disbursed funds to the borrower’s bank account within a few hours of approval.
  2. Flexible loan amounts- KreditBee offers personal loans ranging from Rs.3,000 to Rs.5 lakhs, depending on the borrower’s creditworthiness and eligibility.
  3. Minimal documentation- The requirement of minimal documentation makes it easy and convenient for borrowers to apply for and receive funds quickly.
  4. Easy repayment options- You can quickly repay the KreditBee personal loan amount in easy EMI with flexible tenure options.
  5. Secure and transparent- The loan application process of KreditBee is fully secured and safe and there are no hidden charges or fees.
  6. Available 24×7- Borrower can avail of personal loan from anywhere at anytime.

KreditBee Personal Loan Eligibility Criteria

The main factors considered by KreditBee for determining the personal loan eligibility criteria of their loan applicants are as follows.

  • Citizenship- You must be an Indian citizen
  • Applicant’s age limit- More than 21years and lower than 50 years
  • Net monthly income- Rs.10,000 or more
  • The borrower must have a good credit score
  • Personal loan for salaried- A minimum 3 months of work experience is required in your current company
  • A minimum family income of ₹25,000 is required for a salaried personal loan

Note:- If you’re not eligible for a personal loan due to a low CIBIL score. You can learn here ways to improve your CIBIL. Learn 10 assured ways to improve your credit score quickly.

KreditBee Personal Loan Interest Rate and Other Charges or Fees

The KreditBee personal loan interest rates can go up to 29.95% per annum.

Particulars Charges or Fees
Interest Rate
  • Flexi personal loan- 18% to 29.95% p.a.
  • Personal loan for salaried- 15% to 29.95% p.a.
  • E-voucher loans- up to 24% p.a.
Processing Fees*
  • For Flexi personal loans- Rs.85 to Rs.1,250 flat
  • For personal loans for salaried (loan amount from Rs.10,000 to Rs.2 lakhs)- Processing fees range from Rs.500 to 6% of the loan amount
  • For e-voucher loans- Up to 5% of the loan amount
Convenience Fees**
  • Bank transfer- NIL (your bank may levy charges for NEFT or IMPS transfer. Please contact your Bank for more information.)
  • Net banking- Rs.6 to Rs.15 per transaction (depending on your 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 selected wallet)
Penalty Charges for Auto Debit Levy a penalty of Rs.100.
Late Payment Charges or Fees Flexi personal loan:

  • For a loan product up to 2 months ranging from Rs.1,000 to Rs.10,000: One-time overdue charge of Rs.10 to Rs.200
  • Per day penalty charge is Rs.5 to Rs.75 for every overdue installment

Personal loan for salaried:

  • For a personal loan product up to 15 months (loan amount of Rs.10,000 – Rs.4 lakhs): One-time unpaid charge of Rs.500
  • Per day penalty charge of 0.15% of the principal amount for every overdue installment

E-Voucher loan:

  • You will be charged a one-time overdue charge of Rs.500
  • A per-day penalty charge of 0.2% of the principal amount for every overdue installment

*These charges are indicative and may change depending on your profile.

**The charges exclude GST and other applicable taxes.

Mandatory Documents Required for KreditBee Personal Loan

Following are the essential documents required to avail of different types of KreditBee personal loans.

1. Flexi Personal Loan/ Personal Loan for Self-employed

  • A photograph (Selfie) is required
  • Identity Proof- PAN Card
  • Address Proof- Aadhar Card, Passport, or Voter ID

2. Personal Loan for Salaried

  • A photograph (Selfie) is required
  • Identity Proof- PAN Card
  • Address Proof- Aadhar card, Passport, or Voter ID card
  • You must need to provide proof of employment
  • Bank statement of salary account

3. E-Voucher Loan

  • Identity Proof- PAN card is compulsory
  • Address Proof- Aadhar card, Passport, or Voter ID

Steps to Avail KreditBee Personal Loan Online

The steps for applying for a personal loan through the KreditBee are simple and quick. You just need to follow the mentioned below steps:

Step 1: Download KreditBee App- Install the KreditBee app from the play store.

Step 2: Register yourself- You can easily sign up using a mobile number.

Steps to avail KreditBee personal loan

Step 3:  Enter basic information and check your eligibility- You need to fill in your basic details to check your eligibility. This process takes 3 to 5 minutes, but sometimes this process might take up to 1 day in case there is a detailed check that is required.

Step 4: Profile verification- After eligibility confirmation you need to verify your profile by uploading KYC documents and filling in additional details about yourself.

Step 5: Provide details of your bank account- You need to provide details of your bank account, and the profile will be verified depending on the authenticity of the documents uploaded.

Step 6: Choose loan amount and tenure- Once verified, you can choose your loan amount and tenure to avail personal loan through KreditBee.

Step 7: Loan directly disbursed into your bank account- After the Loan agreement is signed, the amount shall be disbursed into the bank account information provided by you earlier within 15 minutes.

Different Types of KreditBee Personal Loans

Different types of KreditBee personal loans are as follows:-

1. Flexi Personal Loan

Flexi Personal Loan is a short-term loan and simple loan option as per your convenience to cover small expenses (buy groceries, utility bills, etc). The amount is disbursed within 10 minutes of the application

  • Loan Tenure: 2 months to 10 months
  • Loan Amount: Rs.1,300 – Rs.1,00,000

2. Personal Loan for Self-Employed

Personal Loan for Self-Employed helps you in your business journey whether you’re looking for funds to start a venture or to cover additional expenses incurred in the business you’re building.

  • Loan Tenure: 3 months to 12 months (1 year)
  • Loan Amount: Rs.40,000 – Rs.1,50,000

3. Personal Loan for Salaried

Personal Loan for Salaried is disbursed to eligible salaried applicants and allows you to manage a shortage of funds. You can cover normal expenses, extra costs or meet any other uncertain expenses.

  • Loan Tenure: 3 months to 24 months (2 years)
  • Loan Amount: Rs.10,000 to Rs.4,00,000
  • Minimum Required Income (net): Rs.10,000 or more p.m.

4. E-Voucher Personal Loan

E-Voucher Loan is offered to individuals to finance their seamless shopping (online/offline) experience on KreditBee partner platforms.

  • Loan Repayment Tenure: 3 months to 18 months
  • Loan Amount: Up to 2 lakhs

Pros and Cons of KreditBee Personal Loan

Following are the pros and cons of availing of a personal loan from KreditBee as per ratings and reviews of existing or previous users.

PROS                                 CONS
Great customer service Takes time for loan approval
The entire process is hassle-free Interest rates are high
Great for short-term requirements The user’s repayment information is not properly updated
Nice user interface
They provided various loan offers to their users

KreditBee Personal Loan App: Ratings and Reviews

The rating given by the users for KreditBee Personal Loan App is amazing on google playstore, more than 5 crore users downloaded their app. You can read the below table for a quick review of this App.

1. Playstore Rating 4.6*/5
2. Number of App Downloads Above 5 Crore
3. Number of Users Review 12,57,335
4. Content Rating 3+
5. App Size 10 MB
6. OS Required Android 4.4 and up
7. App Permissions Camera, Location, Microphone, SMS, Other

KreditBee Personal Loan Customer Care Details

You can contact KreditBee personal loan customer care through one of the following ways:

  • KreditBee Customer Care Contact Number- 080-44292200 / 080-68534522
  • Email ID-
  • KreditBee Address- KreditBee, 16/3, Adarsh Yelavarthy Centre, opp to Frank Anthony School, Cambridge Layout, Jogupalya Bangalore, Karnataka, 560008 (India)
  • Contact the media relations team-

Suggestion- KreditBee offers personal loans to salaried or self-employed individuals at a starting interest rate of 15% p.a. Their ratings and reviews on google playstore are good, users are happy with their loan products and hassle-free experience but dissatisfied with the delay in loan approval. But, as per the user’s suggestion, it is more suitable for short-term loans. Please compare all lenders before availing of a personal loan from KreditBee.

Thank you for reading!

You can compare below with other personal loan lenders
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  6. HDFC Bank Personal Loan

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