KreditBee Loan App: Best Personal Loan App: KreditBee, a trusted online instant personal loan app, is relied upon by over 50 million Indians. Obtain a swift personal loan at attractive interest rates with a seamless experience. Apply for an online loan and receive the funds directly in your bank account within 10 minutes, whether you’re salaried or self-employed.
Key Features:
- Online personal loans from ₹3,000 to ₹5,00,000
- Interest rates ranging from 16% to 29.95% p.a.
- Tenures spanning 3 to 24 months
- APR range from 0 to 70%
- Low transaction fees
- Quick loans with easy EMI options
What Makes KreditBee Ideal:
- Quick online loan approval
- Low-interest rates
- Effortless application process
- Fast loan approval and 10-minute disbursal
- Digital processing for a paperless experience
- Manageable EMI for easy repayment
Notable Features of KreditBee Personal Loan App:
- Quick approval within minutes
- Flexible repayment options, ranging from 3 to 24 months
- Paperless process with online document submission
- Full transparency with no hidden costs
- Convenient access to quick personal loans anytime, anywhere
- Available in English and Hindi
Why Choose KreditBee?
- Loans for various purposes, including large purchases, trips, education, weddings, debt consolidation, home repairs, and medical bills
- Flexible interest rates between 16% to 29.95% per annum
- Secure collaboration with RBI-certified NBFCs/Banks
Lending Partners:
- Krazybee Services Pvt. Ltd.
- Incred Financial Services Ltd.
- Vivriti Capital Pvt. Ltd.
- Northern Arc Capital Ltd.
- MAS Financial Services Ltd.
- Cholamandalam Investment and Finance Company Ltd.
- PayU Finance India Pvt. Ltd.
- Poonawalla Fincorp Ltd.
- Piramal Capital & Housing Finance Ltd.
- Kisetsu Saison Finance (India) Pvt Ltd.
- Mirae Asset Financial Services (India) Pvt. Ltd.
- Tata Capital Ltd.
Types of Loans:
Flexi Personal Loan – Repayment tenure of 3-10 months, loan amount ₹3,000 to ₹66,000. Requires PAN card and proof of address.
Personal Loan for Salaried – Flexible repayment terms of 4 to 24 months, loan amount ₹10,000 to ₹5,00,000. Requires PAN card, address proof, and salary proof.
Business Loan – Loan from ₹10,000 to ₹2,00,000 with tenures of 4 to 24 months. Requires PAN card and address proof.
Purchase on EMI – Transform shopping with Purchase on EMI for up to ₹2,00,000. Requires PAN card and address proof.
Example of Personal Loan for Salaried Individuals:
- Loan Amount: ₹50,000
- Tenure: 12 months
- Interest Rate: 20% per annum
- Processing Fee: ₹1,250 (2.5%)
- Onboarding Fee for New Customers: ₹200
- GST on Onboarding & Processing Fee: ₹261
- Total Interest: ₹5,580
- EMI: ₹4,632
- APR: 26.92%
- Amount Disbursed: ₹48,289
- Total Repayment Amount: ₹55,580
Eligibility:
a) Indian national
b) Over the age of 21
c) Steady monthly income
Steps to Avail a Loan:
- Install KreditBee app
- Sign up using mobile number
- Provide PAN number & check eligibility
- Upload KYC documents, including address proof, and get profile verified
- Choose amount and tenure
- Provide bank account details
- Request money transfer to your bank account