Instant Personal Loan App Online Loan - KreditBee APK

10M+

Instant Personal Loan App Online Loan - KreditBee APK

Version: 1.4.2 code 46

Developer: Finnovation Tech Solutions Pvt Ltd

Released: 2018-07-12

Updated: 2020-10-27

Instant Personal Loan App Online Loan - KreditBee APK Instant Personal Loan App Online Loan - KreditBee APK Instant Personal Loan App Online Loan - KreditBee APK Instant Personal Loan App Online Loan - KreditBee APK Instant Personal Loan App Online Loan - KreditBee APK Instant Personal Loan App Online Loan - KreditBee APK

Description of Instant Personal Loan App Online Loan - KreditBee APK

Loans range from ₹1,000 to ₹200,000
Tenure: 62 days to 15 months. Interest rates range from 0%-29.95% depending on risk profile of customer and product availed
Example: If loan amount is ₹50,000 & interest is 22% per annum with tenure of 62 days; after deducting any other fees
Interest = ₹50,000 x 22%/365 x 62 = ₹1,868

KreditBee is an Instant Personal Loan App & Credit Platform for Young Professionals across India, where one can apply for Personal Loan Online & avail up to ₹2 Lakh as Direct Cash Transfer to Bank Account.

Loan Types

Flexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes of app install as direct bank transfer. All you need is your PAN Card, ID & Address Proof, and you can avail from ₹1,000 to ₹50,000 for a tenure ranging from 62 days to 6 months.

Personal Loan for Salaried - A personal loan option where you can avail amounts from ₹10,000 to ₹2 Lakhs as direct bank transfer for a tenure ranging from 3 to 15 months. All you need is your PAN Card, ID, Address Proof and Salary Proof.

Online Purchase Loan - A loan option where you can Buy anything Now, Pay Later in EMIs. Via this option, you can avail e-vouchers on KreditBee App on loan, purchase on KreditBee's partner platforms like Flipkart, Amazon, MakeMyTrip, Myntra & many more through those e-vouchers, and pay KreditBee later in EMIs.

Features

1. 100% Online process
2. Minimal documentation
3. Fast approval
4. Immediate bank transfer

Benefits & Risks

1. Get access to higher amounts & tenures as you repay on time
2. As compliance requirement your payment behaviour is shared with credit rating agencies; based on that your credit score may increase/decrease

Eligibility

1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income

How to get started

1. Install KreditBee App
2. Register through your Facebook/Google account
3. Fill your basic details to check first level eligibility
4. Upload KYC documents - ID, Address Proof & PAN card
5. Avail Loan as bank transfer or e-voucher as per your request

Amount, Tenure, Fees & Charges

Loans amount: ₹1,000 to ₹200,000, Tenure: 62 days-15 months. KreditBee charges one-time service fee while onboarding or during upgrade which is ₹30-₹350 depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.

Penalty is charged only when someone delays their scheduled payment.

The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42%* and very high-risk customers is 24%-70%*.

In addition to it, GST will be applicable only on the fee components as per Indian laws.

*The higher charges are only for loans of lower amount and lower repayment tenure.

Example

A new low risk customer availing personal loan for salaried can avail a loan of ₹50,000 at an interest rate of 22%, processing fee of ₹1,250 for a period of 12 months and onboarding fees of ₹350. This would translate to an APR 25.2%.

Interest Calculation

If loan amount is ₹50,000 & interest is 22% per annum; and loan is to be repaid over 12 EMIs, then overall interest payable is ₹6,157 only. The EMI per month would be ₹4,680 only.

Contact Us

1. Twitter: Tag us @kreditbee for quick response
2. Mail: [email protected]
3. Call: 08044292200

Address

The Royal Stone Park, 3rd Floor, No. 100, Above Honda Showroom, Sakshi Nagar, Pai Layout, Bennigana Halli, Bengaluru, Karnataka 560016

Additional information

Update on
2020-10-27
Package name
com.kreditbee.android
Version name
1.4.2
Installs
10.000.000++
File size
11.835.344 bytes
Category
FINANCE
Requirements
Android 4.4+
Get it on
Content rating
Rated for 3+

Similar to "Instant Personal Loan App Online Loan - KreditBee"

Kissht - EMI without credit card - 0% EMI Finance

5M+

Kissht - EMI without credit card - 0% EMI Finance APK

Avail any amount from Rs. 10,000/- to Rs. 1,00,000/- depending on your credit profile. Get credit with APR ranging from 14%..

PayPal Mobile Cash: Send and Request Money Fast

100M+

PayPal Mobile Cash: Send and Request Money Fast APK

Get $25 when you shop with PayPal this holiday season. Sign up for PayPal and make three purchases of $35 or more at select..

Meesho - Resell, Work From Home, Earn Money Online

10M+

Meesho - Resell, Work From Home, Earn Money Online APK

Work from home and Earn Money Online with just a smartphone and Meesho app, India’s #1 Online Money Earning App. Now..

Angel Broking Demat Account & Stock Trading App

5M+

Angel Broking Demat Account & Stock Trading App APK

Want a stockbroker at your fingertips? Well, then you have one in the form of Angel Broking mobile share trading app that..

M-Connect Plus

10M+

M-Connect Plus APK

M-Connect plus – The official Mobile Banking app of Bank of Baroda for Android‘M-Connect plus’ is Bank of Baroda’s..

Mall91 - Earn by refer, Save by Shopping in Groups

10M+

Mall91 - Earn by refer, Save by Shopping in Groups APK

\ud83c\uddee\ud83c\uddf3 Made in India \ud83c\uddee\ud83c\uddf3\ud83c\uddee\ud83c\uddf3Our mission - to improve lives of..

U-Mobile - Union Bank of India

5M+

U-Mobile - Union Bank of India APK

Instead of having various disparate mobile apps, Union Bank of India, has developed a new mobile banking app using which..

StashFin - Quick & Easy Personal Loans

1M+

StashFin - Quick & Easy Personal Loans APK

India’s Fastest, Easiest, Safest and Smartest Personal Loan AppStashFin App provides instant personal loan upto ₹5 lac..

slice

1M+

slice APK

Redesigning financial experience for India's millennialsslice was born to redesign the financial experience for..

Garanti BBVA Mobile

10M+

Garanti BBVA Mobile APK

The management of your financials is on your mobile phone with Garanti BBVA Mobile! With the mobile banking application that..

5paisa: Stocks, Share Market Trading App, NSE, BSE

5M+

5paisa: Stocks, Share Market Trading App, NSE, BSE APK

With more than 5 million installs, 5paisa mobile app is one of the best stock market trading apps in India, that suits both..

Money Manager Expense & Budget

10M+

Money Manager Expense & Budget APK

Money Manager - the #1 financial planning, review, expense tracking, and personal asset management app for Android!Money..

PNB ONE

1M+

PNB ONE APK

PNB ONE is an amalgamation of various banking processes being delivered through single platform. PNB ONE mobile banking app..

Fido Money Lending

1M+

Fido Money Lending APK

Fido loan is fast, easy and convenient. Licensed by the Bank of Ghana and trusted by thousands of satisfied customers Only..

Bank Millennium

1M+

Bank Millennium APK

New Bank Millennium Application easily adapts to individual needs. It is convenient, easy to use and offers a far wider..

Swedbank private

1M+

Swedbank private APK

Welcome to Swedbank! With our app you can manage your everyday banking whenever and whereever you want. You can, among other..

Pregnancy + tracker

10M+

Pregnancy + tracker APK

Download the world’s leading pregnancy tracker app today, for free week-by-week pregnancy information and articles!The..

Make your old phone as Home Security Camera

1M+

Make your old phone as Home Security Camera APK

\u25b6 Do you have old Android smartphone or tablets that you are not using and gathering dust in your drawer?Why don’t..