The online financial marketplace is filed with some of the best and worst instant loan apps. Though a lot of times, common people fell prey to these scam apps, sometime there is always an app who is genuine, offers the best personal loan, a borrower could hope.
Kreditbee personal loan Is one such instant loan app, who has got rave reviews because of it’s services. So, if you are looking for a personal loan, Kreditbee should be your top choice. And whether you need Personal Loan In Delhi or Mumbai, It is available everywhere.
In this post, we wanted to share additional information you needed to know for applying. We will share loan details, the eligibility criteria, required documents and how to apply?
Kreditbee personal loan
Kreditbee instant loan is best for those borrowers who want take a low or medium loan amount. Even if you are a first time borrower’s without any credit history, you are eligible to avail the loan.
Kreditbee offers instant personal loan from Rs 1000 to Rs 2 lakhs.
The rate of interest is between 1.5% and 1.02% P.A
The loan repayment tenure is from 2 months to 15 months.
The processing fee and other charges are based on several other factors.
The processing fee is between 0% and 6.5% of the loan amount depending upon the risk assessment of the borrower.
Apart from this, Kreditbee offers customizable personal loan.
Micro loan – the loan amount is from Rs 1,000 to Rs 10,000 for a short tenure. It is good for paying bill or insurance premium or to a sudden wedding shopping.
Cash loan – The loan is repaid when the borrower receive the salary
Salary Advance loan - For a short time ( 10 to 15 days), the loan is availed to handle any unforeseen situation it might occur.
What are the features & benefits of Kreditbee personal loan?
The loan is disbursed directly in to borrowers bank account.
The borrower is independent to use the money for whatever purposes it requires.
The process is completed in less than 15 minutes.
The rate of interest is quite low comparing to it’s competitors.
The loan is offered for a short period of time.
Kreditbee personal loan eligibility criteria
The user must own a smartphone.
The user must have a Facebook or Google account.
The borrower must be an Indian citizen.
The borrower must have basic documents such as Identity proof and address proof.
The borrower must be above 21 years of age.
The borrower must have steady monthly income.
What are the documents required to apply for Kreditbee personal loan?
These are the documents you will need to submit to apply for the loan.
Application form
A passport size photograph
Identity proof ( Aadhar card, PAN Card , Voter ID card, Driving license)
Address proof ( electricity bill, utility bill, post paid bill, water bill)
Bank statement and salary slips for the last 6 months
How to apply for Kreditbee personal loan?
First, download the official Kreditbee app from the Google play store.
Register yourself via Google or Facebook account.
Fill out the basis details. Check the loan eligibility.
If you are eligible, there will be a messaged flashed on the screen ‘ Eligibility successful’.
Now, upload the required documents such as KYC documents.
It will take some time to verify the documents, the personal and professional details.
Once the details are verified, the loan amount is disbursed into your bank account.
Competitors of Kreditbee personal loan
Qbera loan
CASHe
Shubh Loans
Lendbox instant loans
CashBean
Faircent personal loan
How to Contact Kreditbee
There are three ways to contact Kreditbee to retrieve information. You can tag them on tweeter @kreditbee. You can mail them at help@kreditbee.in. You can call on their official helpline number 08044292200.
Who are the lending partners of Kreditbee instant loan?
Krazybee Services Private Limited
Usha Financial Services Private Limited
Incred Financial Services Limited
Northern Arc Capital Limited
Vivriti Capital Private Limited
India Infoline Finance Limited
Fullerton India Credit Company Limited
What are the ways to repay the loan?
You can start repaying the loan by using the Net banking, UPI or debit card.
E-Voucher on Zero cost EMI
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Conclusion
So, this is everything you needed to know about Kreditbee Personal Loan. We have include essential information such as the eligibility criteria and required documents. One last thing, before you sign the loan e-agreement paper, do read it carefully to determine whether you want the loan or not.
Once you are satisfied, sign the loan e-agreement paper.
