® 
KreditBee gives instant personal loans that you can procure through the KreditBee App within 24 hours. These loans can be obtained easily and do not require any documents or credit history. The KreditBee processing fee is Rs. 130 to Rs. 850. Personal loans can be availed from KreditBee at affordable interest rates starting from 12.24%. The maximum repayment tenure is 15 months.
Processing Fee of Various Personal Loan Apps - A Comparison
|
App |
Processing Fee |
|
Finnable Personal Loan App |
4% |
|
Rs. 130 to Rs. 850 |
|
|
MoneyTap Personal Loan App |
2% + GST |
|
NIRA Personal Loan App |
Flat Rs. 500 |
|
2.5% of the loan amount + GST or Rs. 500 + GST |
|
|
LoanTap Personal Loan App |
2% on loan amount |
|
Rs. 399 |
Before you apply for a personal loan on an instant personal loan app or offline, you should discuss the processing fees with the lender in advance. Also, you need to be careful of processing fees charged under any other name. The regulatory body forbids any hidden charges involved in procuring a personal loan. Lenders may divide total processing fees into two parts - A login fee payable upfront and the balance outstanding during loan sanction or disbursement.