KreditBee is an online platform that provides online instant loans and also facilitates transactions between banks / NBFCs and borrowers. The rates available on the platform start from 12% per annum. The
Kredit bee personal loan amount starts from Rs. 3 lakh per annum and the tenure is up to 15 months. The loan comes with an instant disbursal and the documentation is also minimum. A pre-closure facility is also available on the platform.
What are the features of KreditBee loans?
Interest Rates
12.00% – 29.95% p.a.
Tenure
62 days to 15 months
Loan Amount
Rs. 1,000 to Rs. 3 Lakhs
Processing fees
Flexi Personal Loan: Rs. 85 to Rs. 1,250
Personal Loan for Salaried individuals for loan amount ranges from Rs. 10,000 to Rs. 2 Lakhs is Rs. 500 to up to 6% of the loan amount.
Get Online Purchase Loan or E-Voucher Loan for up to 5% of the loan amount.
Minimum Net Monthly Income
Flexi Personal Loan: Rs. 10,000
Personal Loan for Salaried: Rs. 15,000
What are the KreditBee personal rates?
Particulars
Interest Rates (p.a.)
Flexi Personal Loan
18.00% – 29.95%
Personal Loan for Salaried
15.00% – 29.95%
Online Personal Loan/E-Voucher Loan
12.00% – 24.00%
What are the KreditBee processing fees and charges?
Particulars
Rates
Processing fees*
Flexi Personal Loan: Rs. 85 to Rs. 1,250
Personal Loan for Salaried (for loan amount from Rs. 10,000 to Rs. 2 Lakhs): Rs. 500 to up to 6% of loan amount
Online Purchase Loan/E-Voucher Loan: Up to 5% of loan amount
Convenience fees**
For Bank transfer: No fees charged
(borrower’s bank may levy charges for NEFT/IMPS transfer)
Net banking: Rs. 6 to Rs. 15 per transaction (based on the borrower’s bank)
Debit Card:
Less than Rs. 2,000: Nil
Above Rs. 2,000: 0.90%
UPI: Rs. 5 to Rs. 11 per transaction (charged based on the borrower’s bank)
Wallet/Prepaid: Up to 1.90% (based on the wallet selected for payment)
Penalty Charges for Auto Debit
Rs. 100
Late Payment Charges
Flexi Personal Loan:
For a 2-month loan of Rs. 1,000 to Rs. 10,000: One-time overdue charge of Rs. 10 to Rs. 200
For 1 day, the penalty charge is Rs. 5 to Rs. 75 for every overdue installment
Personal Loan for Salaried:
For a 15-month loan (loan amount of Rs. 10,000 to Rs. 3 Lakhs): One-time overdue charge of Rs. 500
For 1 day penalty charge is 0.15% of the principal amount for every overdue installment
Online Purchase Loan/E-Voucher Loan:
One-time overdue charge: Rs. 500
For per day, the penalty charge is 0.2% of the principal amount for every overdue installment
Apply for Other
Short term Instant Personal loan through CreditMantri