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Package: com.kreditbee.android

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The description of Download Instant Personal Loan App Online Loan - KreditBee 1.4.3 APK
Loans range from ₹1,000 to ₹200,000
Tenure: 62 days to 15 months. Interest rates range from 0%-29.95% depending on risk profile of customer and product availed
Example: If loan amount is ₹50,000 & interest is 22% per annum with tenure of 62 days; after deducting fees
Interest = ₹50,000 x 22%/365 x 62 = ₹1,868

KreditBee is an Instant Personal Loan App & Credit Platform for Young Professionals across India, where you can apply for Personal Loan Online & avail up to ₹2 Lakh as Direct Cash Transfer to Bank Account.

KreditBee is a platform facilitating the loan transactions between the borrowers and the NBFCs/Banks. All loan applications are approved and sanctioned by NBFCs/Banks registered with RBI and communicated upfront during Loan application.

Loan Types

Flexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes as direct bank transfer. All you need is your PAN Card & Address Proof to avail ₹1,000 to ₹50,000 for a tenure ranging from 62 days to 6 months.

Personal Loan for Salaried - A personal loan option where you can avail amounts from ₹10,000 to ₹2 Lakhs as direct bank transfer for tenure ranging from 3 to 15 months. All you need is your PAN Card, Address Proof and Salary Proof.

Online Purchase Loan - A loan option where you can Buy anything Now, Pay Later in EMIs. Via this option, you can avail E-vouchers on KreditBee App on loan, purchase on KreditBee's partners like Flipkart, Amazon & many more through those e-vouchers, and pay later in EMIs.

Features

1. 100% Online process
2. Minimal documentation
3. Fast approval
4. Immediate bank transfer

Benefits & Risks

1. Get access to higher amounts & tenures as you repay on time
2. As compliance requirement your payment behaviour is shared with credit rating agencies;

Eligibility

1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income

How to get started

1. Install KreditBee App
2. Register through your Facebook/Google account
3. Fill your basic details to check first level eligibility
4. Upload KYC documents - ID, Address Proof & PAN card
5. Avail Loan as bank transfer or E-voucher as per your request

Amount, Tenure, Fees & Charges

Loan amount: ₹1,000 to ₹200,000, Tenure: 62 days-15 months. KreditBee charges one-time service fee while onboarding or during upgrade which is ₹30-₹350 depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.

Penalty is charged only when someone delays their scheduled payment.

The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42% and very high-risk customers is 24%-70%.

In addition, GST will be applicable only on the fee components as per Indian laws.

Example

A new low risk customer availing personal loan for salaried can avail a loan of ₹50,000 at an interest rate of 22%, processing fee of ₹1,250 for a period of 12 months and onboarding fees of ₹350. This would translate to an APR 25.2%.

Interest Calculation

If loan amount is ₹50,000, interest is 22% per annum and loan tenure is 12 months, then overall interest payable is ₹6,157 only. The EMI per month would be ₹4,680 only.

Contact Us

1. Twitter: Tag us @kreditbee for quick response
2. Mail: [email protected]
3. Call: 08044292200

Address

The Royal Stone Park, 3rd Floor, No. 100, Above Honda Showroom, Sakshi Nagar, Pai Layout, Bennigana Halli, Bengaluru, Karnataka 560016
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  • Category

    FINANCE
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  • Requirements:

    Android 4.4+

Instant Personal Loan App Online Loan - KreditBee 1.4.3 APK for Android 4.4+

Version 1.4.3 for Android 4.4+
Update on 2020-12-29
Installs 10.000.000++
File size 12.393.697 bytes
App permissions view permissions
What's new Bug fixes