Loan Details

Loan Products Offered by KreditBee

Note: Flexi Personal Loans are offered with less tenure and smaller loan quantum compared to other forms of personal loans. The company strives to offer quick personal loan disbursals with minimal documentation.

Personal Loan for Salaried

This loan has been especially designed to help salaried professionals address the urgent cash crunch they may face, especially at the end of the month, before their salaries are credited. These loans can be beneficial for those who require urgent cash but their employer does not allow them to borrow against their salaries. Some of the features of Personal Loan for Salaried have been listed below:

• The documentation required is minimal and funds are disbursed to your account almost immediately.
• This loan is helpful in situations when your salary gets delayed and you have to take care of loans/bill payments.

Flexi Personal Loan

To borrow higher amounts from KreditBee, you need to first avail of a Flexi Personal loan, which is a loan with less tenure and loan amount. You will be eligible for higher loan amounts as and when you repay all your loans. However, there is no guarantee that you will be eligible for a loan of Rs.1 lakh after you have successfully repaid your loans. The other features of Flexi Personal loans have been given below:

• To be eligible for the next loan from KreditBee, you need to repay your previous Flexi Personal loan.
• The loan tenure cannot be changed after the loan is approved and disbursed.
• If your application for a Flexi Personal loan gets rejected, you can reapply within 6 months from your previous application.

How It Works?

KreditBee offers personal loans to customers. Each offers a different quantum of financing and loan tenures. This is an app-based product, meaning you can only apply for a loan on this platform once you have downloaded the app from Google Play Store. The app requires a registration process via Facebook or Google that needs to be verified by KreditBee after which you can apply for loans.

Note that you will not be eligible to apply for high loan amounts initially. You will have to apply for smaller loans and repay them on time, upon which your credit limit will gradually increase, making you eligible for higher loan amounts.

How To Apply for Flexi Personal Loan?

• Download the KreditBee App.
• Sign up using your Facebook account. Confirm your personal details including name, email address, and mobile number.
• Enter your Aadhaar or Voter ID or Passport and PAN, and provide details related to your date of birth, monthly salary, and PIN code to check eligibility.
• Upload KYC documents, including address, marital status, and contact details.
• Provide your bank account details.
• Upon verification, expect the loan to be disbursed within 15 minutes.

How to Apply for Personal Loan for Salaried?

• Download the KreditBee App.
• Sign up using your Facebook account.
• Enter your Aadhaar or Voter ID or Passport and PAN, and provide details regarding your date of birth, monthly salary, and PIN code, to check eligibility.
• Upload KYC documents, including address, marital status, and contact details.
• Enter your company details.
• Provide your Salary Account Statement Proof
• Provide your bank account details. You will have to provide your e-signature through your phone.
• Upon verification, expect the loan to be disbursed within 15 minutes.

Eligibility Criteria

Documents Required

1. Documents required for Loan up to 1.5 times of Salary:

• ID Proof (PAN)
• Address Proof (Aadhaar/ Voter ID/ Passport)
• Salary Proof

2. Documents required for Loan up to 2 times of Salary:

• ID Proof (PAN)
• Address Proof (Aadhaar/ Voter ID/ Passport)
• Salary Proof
• eNACH

Features and Benefits

• Quick loan disbursal
• High financing amount
• No collateral required.
• Minimal documentation required.
• The app is compatible with all Android phones.
• No need to submit documents every time you apply for a loan.
• Repayments can be done through a wide variety of platforms, including online banking, UPI, and debit card, to name a few.
• First-time borrowers with no credit history can also apply.

Kreditbee Customer Care Number and Contact Details