KreditBee Review – Instant Personal Loan upto ₹3 lakhs at KreditBe
KreditBee is a digital marketplace that acts as a middleman for financial institutions (banks & NBFCs) as well as individuals seeking loans. The individual interest charges on loans that are offered via the program may reach a maximum of 29.95% per year for loan balances of upwards of Rs.. 3 Lakhs as well as for terms of approximately 24 months. The small amount of paperwork required for a KreditBee Individual Loan, together with the loan’s quick loan disbursement (around 15 minutes), makes it an attractive option. On their loans, KreditBee offers a pre-closure option as an additional service.
Individual Loan Options Offered by KreditBee
1. Individual Loans for People Who Are Employed
Individual loans for people Who are employed borrowers who meet the eligibility requirements may get their funds one business day after submitting their loan application. KreditBee gives priority to extending credit to workers who intend to remain employed by their current companies throughout the term of their loan.
- Duration: 3 to 15 months
- Loan Balance: Rupees. 10,000 to Rupees. 3,00,000
- Annual Percentage of Interest: 15% to 29.95% per year.
- Minimal Income necessity: Rs. 15,000 per month. A person who receives a wage may borrow up to two hundred percent of their monthly net income.
2. Flexible Individual Loan
Flexible Individual Loan is designed for employed persons searching for minor-sized loans to cover unforeseen crisis or little needs. 15 minutes after registration, the loan money is released.
- Duration: 2 months to 6 months
- Loan Balance: 1,000 – 10,000 (Depending on the repayment history or various indicators, clients may extend their loan balance eligible to Rs 1 lakh at subsequent phases).
- Annual Percentage of Interest: 18 % to 29.95% per year
- Minimal Income necessity: 10,000 per month
3. Internet Buying Loan/E-Voucher Loan
Internet Buying Loan/E-Voucher Loan is available to employed persons to help them finance their purchases on KreditBee member networks. They may sign up with KreditBee & submit an initial minimum deposit to get EMI E-Vouchers to purchase on different digital sites.
- Duration: The E-Voucher is valid for one year after the moment of issue.
- Loan Balance: The value of the E-Voucher loan must be between the designated credit limit (accessible on the KreditBee application) as well as the advance deposit value chosen for buying the goods.
- Annual Percentage of Interest: Up to 24% per year
Applying for a Loan Through KreditBee
- Completing Information Online: Please provide us with your own & work information.
- Choose your Co-Lender from the Following Options: To go further, choose KreditBee from the listing of available loan options.
- Individual Loan Information to Be Specified: You get to decide how much money you want to borrow and how long you want to take to pay it back.
- Clearance & Dispersement: You may get internet clearance in two minutes, as well as the cash, might be in your bank account in only fifteen mins.
Individual Loans from KreditBee: Their Characteristics & Perks
- Lack of Assets: An individual loan is an unprotected loan, meaning that no safety or protection, including such shares, money, or even similar resources, is required.
- Quick Payment with the Minimum Number of Documentation: Individual loan applications might be accepted in less than 2 min, based on your criteria. The whole application process is designed to be simple, with advantages such as rapid payout in 15 minutes, minimal paperwork, or payback terms of upwards of 2 years.
- Absolute Variety in Application: You may utilize the cash from a KreditBee fast individual loan for several objectives. Health emergencies, vacation expenditures, financial shortages in the middle of the month, presents for special occasions, as well as other unanticipated expenditures may all be paid with the monies supplied.
KreditBee Individual Loan Application Requires the Following Proof
- Individual Loans for People Who Are Employed – PAN Card, Aadhaar Card, Passport, Bank statement of salary account, Salary slips
- Flexible Individual Loan – PAN Card, Voter ID Card, Aadhaar Card, Passport
- Internet Buying Loan/E-Voucher Loan – PAN Card, KYC Address Proof