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