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For the KreditBee app, every customer has a set limit for availing of credit from the platform. If the customer is making timely repayments and the credit profile of the customer is good, then there is a chance that the credit limit for the customer can be enhanced by the platform. The credit limit for any customer is decided depending on the salary, credit score, and personal debts of any of the customers. The loans are provided to the customers after the verification of the documents and the uploading of the documents by the customer.
What are the interest rates and types of loans available with KreditBee?
|
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% |
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 Kreditbee Short term 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.
|
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 amounts from Rs. 10,000 to Rs. 2 Lakhs is Rs. 500 to up to 6% of the loan amount. Online Purchase Loan/E-Voucher Loan: Up to 5% of loan amount |
|
Minimum Net Monthly Income |
Flexi Personal Loan: Rs. 10,000 Personal Loan for Salaried: Rs. 15,000 |