Friends, you will also have certain dreams that you would like to realize but are unable to do so. These aspirations stay unrealized, and although you may be considering doing so, doing so is not possible in the world we live in today. Nowadays, living without money is really challenging. It is embarrassing to ask someone for money for personal needs in the modern world, but we are going to tell you about an app that enables low-income sources, salaried or self-employed, young professionals, students, housewives, and other people to instantly obtain personal loans ranging from Rs.1000 to Rs.4,00,000. Instant Kreditbee Personal Loan is the name of the application. And show you how to apply Kreditbee Personal Loan Online – Interest Rate, Eligibility, Full details 2023
What is Kreditbee Personal Loan?
Kreditbee emerges as a powerful online platform, providing fast, secure, and paperless personal loans across India. With a customer base of over 50 million satisfied individuals, Kreditbee shines as an instant personal loan app, offering swift online loan approvals. Seamlessly navigate through a few simple steps within the app to apply for a personal loan, and witness the funds disbursed directly to your bank account within a mere 10 minutes. Whether you find yourself as a salaried employee or a self-employed individual, this app removes the hassles associated with obtaining quick funds, enabling you to tackle various situations such as travel, weddings, vehicle purchases, bill payments, and more. The flexibility of Kreditbee knows no bounds.
How many types of loans does Kreditbee give?
Within the realm of Kreditbee’s loan ecosystem, you will encounter an array of options tailored to suit your specific needs:
Flexi Personal Loan – Embark on a journey of instant personal loans ranging from ₹1,000 to ₹50,000, complemented by flexible repayment terms spanning 84 days to 9 months.
Personal Loans for Salaried Individuals – Enter a world of quick online personal loans, offering amounts between ₹10,000 to ₹4,00,000, accompanied by flexible repayment tenure extending from 84 days to 24 months—a true savior in urgent situations.
Personal Loans for Self-Employed Individuals – Unlock the potential of fast personal loans ranging from ₹10,000 to ₹1,50,000. Repayment becomes hassle-free with easy EMIs spread over 3 to 12 months.
How much loan do we get from Kreditbee Personal Loan App?
Before venturing into the realm of KreditBee’s loan app, it’s essential to ascertain the loan amount available to potential borrowers. The KreditBee loan app caters to a wide range of financial needs, granting loans starting from Rs.1000 and reaching up to Rs.4,00,000, empowering individuals to address their unique financial requirements.
Kreditbee Loan App – How much interest rate will be charged?
Determining the applicable interest rate plays a pivotal role in the loan decision-making process. It’s important to note that the Kreditbee loan app applies an annual interest rate ranging from 0% to 29.95%. This ensures that borrowers have a range of options available, allowing them to select an interest rate that aligns with their financial capabilities and preferences.
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Kreditbee Loan App Additional Charges:
To gain a comprehensive understanding of the Kreditbee loan app, it’s crucial to explore the associated charges and fees. The processing fee imposed by Kreditbee ranges from 2% to 6% and is dependent on the loan amount and duration. It’s imperative to consider these additional charges when calculating the overall cost of borrowing.
Kreditbee Loan Personal Loan App Process with an Example
To provide you with a clearer perspective, let’s delve into an example illustrating the loan process for salaried individuals:
Suppose you are considering a Kreditbee loan for an amount of ₹50,000
With a repayment tenure of 12 months.
The loan is subjected to an interest rate of 20% per annum.
Additionally, a processing fee of ₹1,250 (2.5% of the loan amount) is applicable,
Along with an onboarding fee of  ₹200.
Considering GST charges on onboarding and processing fees amounting to  ₹261,
The total interest on the loan sums up to ₹5,580.
Consequently, the monthly EMI stands at ₹4,632.
The disbursed loan amount after deducting relevant charges would be ₹48,289.
Disbursed Lone Amount = ₹50,000-₹1250-₹200-₹261 = ₹48,289
Total Loan Amount Payable= ₹4,632 x 12 months = ₹55,584
The total amount payable over the loan tenure of 12 months would reach ₹55,584.
Eligibility Criteria for the Kreditbee Loan App
To avail of a loan from KreditBee, meeting the eligibility criteria is imperative. The following criteria must be fulfilled:
- You must be an Indian national.
- Your age should fall between 21 and 45 years.
- Your monthly salary should exceed ₹14,500 to ₹15,000.
- You should possess a minimum work experience of 3 to 4 months in your current organization.
- Valid address proof (Voter ID/Aadhaar/Passport) is mandatory.
- The loan amount provided depends on your credit score, highlighting its significance in the borrowing process.
- Essential Documents Required for the Kreditbee Loan App
Essential Documents Required for Kreditbee Loan App:
- Flexi Personal Loan: Only PAN card and address proof are required.
- Personal Loans for Salaried: PAN card, address proof, and salary proof are necessary.
- Personal Loans for Self-Employed: PAN card and address proof are mandatory.
- Purchase on EMI: A PAN card and address proof are the key documents required.
How to Apply for Kreditbee Loan Instant Personal Loan Full Process?
To embark on your journey towards a Kreditbee loan, follow these simple steps:
Step 1. Visit KreditBee’s official website or download the app from the Play Store.
Step 2. Sign up using your mobile number to create an account.
Step 3. Upload your KYC documents, including address proof, and undergo the profile verification process.
Step 4. Select the loan amount based on your credit score’s criteria.
Step 5. Fill out the loan application form, providing essential details such as PAN card and Aadhaar card information.
Step 6. E-sign the loan agreement, cementing your commitment to the borrowing terms.
Step 7. Choose the loan tenure and monthly installments that suit your financial capabilities.
Once your loan is approved, the loan amount will be swiftly credited to your designated bank account.
Kreditbee company details
Kreditbee customer care number:-Â 080-44292200
kreditbee kreditbee Email id:- help@kreditbee.in
Contact the media relations team at:- media@kreditbee.in.
Kreditbee Address:- Karnataka, 560008, (Bangalore), India.
In conclusion, Kreditbee Personal Loan emerges as a reliable and efficient financial solution for individuals seeking instant personal loans. With its seamless online application process, flexible loan options, competitive interest rates, and commitment to transparency, Kreditbee empowers individuals to fulfill their dreams and overcome financial hurdles.
Disclaimer- However, it is always advisable to conduct thorough research and seek advice from financial professionals before making any borrowing decisions.
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