KreditBee Personal Loan: Types and Application Process | 2021

Posted by Himanshu Kataria on November 2nd, 2021

KreditBee Personal Loan is a popular credit product by the leading fintech entity viz. Finnovation.  

If you need funds, you can apply for?personal loans?from the lender starting from Rs. 1,000 by means of the online portal, while the repayment terms range up to 15 months. 

In this post, you will certainly figure out the types of KreditBee Personal Loans and their application process. 

KreditBee Personal Loan - Highlights 

Interest Rate 

0% p.a. - 29.88% p.a. 

Repayment Term 

Up to 15 months 

Loan Amount 

Minimum Rs. 1,000 

Types of KreditBee Personal Loans 

Following are the major KreditBee Personal Loan offers: 

  • Flexi Personal Loan 

  • Personal Loan for Salaried 

  1. Flexi Personal Loan 

  • In order to avail of higher loan amounts from KreditBee, you will need to first avail of a?Flexi Personal Loan, which is a loan with lower terms and amounts. 

  • You can be eligible for higher loan quantum as and when you repay all your loans.  

Note: Neverthelessit is not guaranteed that you can be eligible for a loan amount of Rs. 1 lakh post you’ve successfully repaid your loans. 

  1. Personal Loan for Salaried 

  • KreditBee Personal Loan for Salaried has been certainly structured to facilitate salaried professionals address the instant cash crunch they may facesignificantly at the month-endbefore their salaries get credited. 

  • These loans can be useful for those who are in quick need of cash but their employer does not allow them to borrow against their salaries. 

Following are some of the core and fundamental features of Personal Loan for Salaried: 

  • The documentation that you may be required to present is nominal and funds get disbursed into your bank account almost quickly. 

  • This loan is handy in circumstances when your salary comes late and you’ve to seek your loans or bill payments. 

How KreditBee Personal Loan Functions? 

  • KreditBee provides its personal loan offers to customers with appealing interest rates and other terms. 

  • Each personal loan offer has distinct quantum of financing and loan tenure. 

  • KreditBee Personal Loan is an app-based product, which signifies that you can only apply for a personal loan on this platform after you download the loan app from the Google Play Store. 

  • The app requires a registration process through Facebook or Google that needs to be verified at the KreditBee part after which you can consider applying for loans. 

Note: You can’t be eligible to apply for high loan amounts in starting. You can take into consideration applying for smaller loans and repay them on time, upon which your credit limit will boost progressivelyconsequently, makes you eligible for higher loan amounts.  

How to Apply for Flexi Personal Loan? 

In order to apply for KreditBee Flexi Personal Loan, follow the below stated steps: 

  • Download?the?KreditBee Personal Loan App. 

  • Sign up yourself Facebook account. 

  • Verify your personal details. 

  • Enter your Aadhaar, Voter ID or Passport, and PAN. 

  • Provide information associated with your monthly salary, date of birth, and PIN code to check eligibility. 

  • Attach your KYC documents. 

  • Extend your?bank account details. 

  • After the verification takes placeyou can expect the loan to be disbursed within 15 minutes. 

How to Apply for KreditBee Personal Loan for Salaried? 

In order to apply for KreditBee Personal Loan for Salaried, follow the below-stated steps: 

  • Download?the?KreditBee Personal Loan App. 

     

  • Register yourself using your Facebook account. 

  • Key in your Aadhaar or Voter ID or Passport and PAN, and give details regarding your date of birth, monthly salary, and PIN code, to check eligibility. 

  • Upload KYC documents, including address, marital status, and contact details. 

  • Key in your?company information. 

  • Give proof of your Salary Account Statement. 

  • Give your?bank account details. You’ll need to give your e-signature via your phone. 

     

  • Upon?verification, expect the loan to be disbursed within 15 minutes. 

The Out-Turn 

KreditBee is one of the Best Instant Personal Loan Apps in India, you can apply personal loan from the lender to enjoy the appealing interest rate and terms. Yet, you must perform smart study prior to finalizing it. 

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Himanshu Kataria

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Himanshu Kataria
Joined: December 28th, 2020
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