Sunday, September 25, 2022

Kreditbee Instant Personal Loan EMI Calculator, 16% Interest Rate

Kreditbee instant personal loan is available with a fair interest rate and a long period of repayment. The app is providing an instant personal loan with minimal documentation digitally. KreditBee personal loan is available with an annual interest rate of 0% to 29.95% to meet your monetary requirement. This app is providing Flexi Personal Loan, Personal Loans – Salaried, Online Purchase Loan via e-Voucher. You can use this money for bill payment, home renewal, personal expenses, so KreditBee Instant Personal Loan can prove profitable for you.

‘KreditBee Instant Personal Loan’ Detail

Interest RateCompetitive Interest rates starting at o% to 29.95% p.a.
Personal loan ProcessCompletely digitally Online Process
Processing FeeProcessing Fees of Up to 5% will be deducted from the loan amount + GST
Loan tenure62 Days to 15 Months
Minimum Income RequiredRs. 15,000
Maximum Loan AmountRs 1000 to Rs 2,00,000
Age Limit21 – 45 Years
Customer Care Services24*7 and 365 days
Example LoanLoan Amount: Rs 10,000
Tenure: 3 Months
Interest Rate: 27% (on Reducing Principal Balance Interest Calculation)
EMI Amount: Rs 3,484
APR: 47%
Total Interest Payable: Rs 453
Processing Fees (incl. GST): Rs 500+GST
Disbursed Amount: Rs 10,000 – 590 = 9,410
Total Amount Payable: 10,453

Also Read: – Navi Instant Personal Loan EMI Calculator, Interest Rate, App Review

Features of Kreditbee Instant Personal Loan app

  • The process of loan application is completely digital and a contactless process. The document is digitally signed but will not be a physical meeting.
  • In only 5 minutes, you can learn about the loan.
  • Kreditbee Instant Personal Loans is available with reasonable interest rates.
  • To take a personal loan from KreditBee, you do not need any credit history
  • This loan is available for salaried and self-employed.
  • Loans are made available to customers from RBI-certified NBFC / banks.
  • It is available for download on Google Play Store and customers can see their eligibility for free.
  • There is no need to submit security to take a loan.
  • Service available in all India.

Eligibility Criteria

  • Only Indian citizens can apply for personal loans.
  • The person should not be less than 21 years.
  • Should have a monthly source of income.
  • You must have a monthly income of Rs 15000

Document Require

  • Photo Identity Proof: Permanent Account Number (PAN) Card
  • KYC Address Proof: Aadhaar Number with registered mobile number
  • Income Proof: Salary slip, Bank Statement last 6 months.
  • Valid Bank Account

Fees & Charges

Kreditbee loan interest rates up to 0% to 29.95% and monthly interest rate is 0% -2.49%. A processing fee charged for loans is 0 – 3% for low-risk customers and 2.5 – 7% for high-risk customers.

APR for different personal loans:

  • low risk customers are 0%-36%
  • medium risk customers are 18%-39%
  • high risk customers are 24%-42%
  • Very high-risk customers are 24%-70%

KreditBee once takes a service fee of onboarding or upgrade, which is ₹ 20- ₹ 350 based on risk profiles.

Duty and repayment period varies depending on customers’ credit qualification and repayment capacity. The penalty charge is only when a person delays his certain payment. The app charges a penalty of Rs. 500+ 0.15% of instalment due.

Types of Loans Provided by Kreditbee App

Flexi Personal Loans: Take advantage of small loans from ₹ 1,000 to ₹ 10,000 with a low repayment period (62 days to 6 months). A PAN card and address proof require a flexible loan option.

Personal loans for salaried: Take advantage of salary loan options that start from ₹ 10k to 2 lakhs with a tenure of 3 to 15 months. You only need salary proof to apply for a PAN card, address proof, and salaried loans.

Online purchase loans: KreditBee now comes with the purchase, such loans take advantage of e-vouchers from KreditBee, which will be used to shopping on Flipkart, Amazon, etc. platforms.

How to apply for an Instant personal loan from Kreditbee App?

  • Install Kreditbee App from Google Play Store.
  • Register by using your mobile number.
  • Fill in your original details to check your loan eligibility. Such as name, home address, monthly income, etc. In some time, you will learn about the loan amount.
  • Full KYC with a Pan Card, Aadhaar Number, and Selfie.
  • Enter your savings account details for money transfer.
  • Avail loan as bank transfer or E-voucher as per your request.
  • Reach us at [email protected] for any of your queries.

KreditBee

16/3, Adarsh Yelavarthy Centre,

Opp to Frank Anthony School, Cambridge Layout,

Jogupalya Bangalore Karnataka – 560008

India.

KreditBee Personal Loan App info

Application NameKreditBee Instant Personal Loan App Online Loan
Version1.4.8
Updated on13 Jul 2021
Downloads10M+ Downloads
App Download Size11.76MB

FAQ: –

How to apply for an instant personal loan from the Kreditbee app?

If you want to take personal loans from KreditBee, you must install the KreditBee app and create your account. In which you ought to fill in a number of the necessary information. After filling in this data, the app will show your “Instant Personal Loan” eligibility with a qualified interest rate and period. After successfully checking the qualifications norms, you will fill in the details of the loan. After that, you will fill in bank details so the amount will get transferred to your account.

What is the interest rate in KreditBee?

Kreditbee loan interest rates up to 0% to 29.95% and monthly interest rate is 0% -2.49%. A processing fee charged for loans is 0 – 3% for low-risk customers and 2.5 – 7% for high-risk customers. Duty and repayment period varies depending on customers’ credit qualification and repayment capacity.

How much does the penalty fee to pay by delay?

The penalty charge is only when a person delays his certain payment. The app charges a penalty of Rs. 500+ 0.15% of instalment due.

What are the Eligibility Criteria of KreditBee?

You have to meet some conditions to take advantage of credit loans from KreditBee.
To take advantage of the loan, you must have citizenship in India.
The person’s age is between 21 to 45 years.
You must have a monthly income of rupees. 15,000

How can I calculate the EMI payable before availing of a personal loan from Kreditbee?

You can check EMI payable by using the EMI calculator available on the Kreditbee app. You can put the necessary details to check the EMI payable and check the emission payable. This feature is absolutely free for you.

How to contact KreditBee personal loan customer care?

For any type of query related to Personal Loan, you can also call on the customer care number 08044292200. You can also get an answer to your questions by sending mail to [email protected]

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