Are you looking for a fast and easy way to get a personal loan online? Do you need some extra cash to meet your personal or business needs? If yes, then KreditBee is the perfect solution for you.
KreditBee is a leading app-based lending platform that offers instant personal loans to self-employed and salaried individuals who have a minimum monthly income of Rs 12,000. You can apply for a loan amount ranging from Rs 5,000 to Rs 1,50,000 with a repayment tenure of up to 24 months. All you need is a smartphone and a few documents to get started.
Benefits of KreditBee Personal Loan
KreditBee personal loan has many benefits that make it an ideal choice for your financial needs. Some of the benefits are:
- Instant approval and disbursal: You can get your loan approved and disbursed within minutes of applying. No need to wait for days or weeks to get your money.
- Simple eligibility criteria: You don’t need to have a high credit score or a formal credit history to get a loan from KreditBee. You just need to be an Indian citizen and resident, between 18 and 36 years of age, and have a valid PAN card and Aadhaar card.
- Hassle-free documentation: You don’t need to submit any physical documents or visit any branch to get a loan from KreditBee. You just need to upload a selfie, your PAN card, your Aadhaar card, and your bank statement or salary slip on the app.
- Flexible repayment options: You can choose from various repayment options such as EMI, bullet, or pay later. You can also prepay your loan anytime without any penalty or charges.
- Low interest rates and fees: KreditBee offers competitive interest rates and fees that are transparent and affordable. The interest rate starts from 1.02% per month and the processing fee starts from 1.5% of the loan amount.
- Loyalty rewards program: You can earn loyalty points for every loan you take from KreditBee. You can redeem these points for attractive offers and discounts on various products and services.
How to Apply for KreditBee Personal Loan
Applying for a KreditBee personal loan is very simple and convenient. You just need to follow these steps:
- Download the KreditBee app: Go to the play store or app store and download the KreditBee app on your smartphone.
- Complete your profile: Fill in your personal and professional details, upload the necessary documents, and complete your verification.
- Choose your loan amount and tenure: Click on the get KreditBee icon and select your desired loan amount and tenure. You can also choose your repayment option and insurance cover.
- Get your loan approved and disbursed: Once you submit your loan application, you will get an instant approval and disbursal notification. The money will be transferred to your bank account within minutes.
FAQs about KreditBee Personal Loan
Here are some frequently asked questions about KreditBee personal loan that you might find useful:
Q1. What are the eligibility criteria for KreditBee personal loan?
A1. To be eligible for KreditBee personal loan, you need to meet the following criteria:
- You must be an Indian citizen and resident
- You must be between 18 and 36 years of age
- You must be a self-employed or salaried individual with a minimum monthly income of Rs 12,000
- You must have a valid PAN card and Aadhaar card
- You must have a bank account with net banking facility
Q2. What are the documents required for KreditBee personal loan?
A2. You need to submit the following documents for KreditBee personal loan:
- PAN card
- Aadhaar card
- Bank statement or salary slip for the last 3 months
Q3. How much loan amount and tenure can I get from KreditBee?
A3. You can get a loan amount ranging from Rs 5,000 to Rs 1,50,000 from KreditBee. The loan tenure can vary from 3 months to 24 months, depending on your loan product and eligibility.
Q4. How is the interest rate and fee calculated for KreditBee personal loan?
A4. The interest rate and fee for KreditBee personal loan are calculated based on your loan amount, tenure, and repayment option. The interest rate starts from 1.02% per month and the processing fee starts from 1.5% of the loan amount. You can check the exact interest rate and fee for your loan on the app before applying.
Q5. How can I repay my KreditBee personal loan?
A5. You can repay your KreditBee personal loan through various modes such as net banking, debit card, UPI, or cash. You can also set up an auto-debit facility for hassle-free repayment. You will get a reminder notification before your due date to avoid any delay or default.