KreditBee is a digital lending platform that offers a variety of loan products, including the KreditBee Flexi Personal Loan, which is specifically designed for self-employed individuals or those without regular income proof. Below, we’ll delve deeper into the features, benefits, eligibility criteria, required documents, interest rates, and application process for this loan.
Key Features and Benefits
- No Income Proof Required:
- Unlike traditional loans that require salary slips or income proof, KreditBee Flexi Personal Loan allows you to borrow without such documents. This is particularly beneficial for self-employed individuals or those in informal employment.
- Completely Digital Process:
- The loan application, approval, and disbursement processes are entirely online, eliminating the need for physical paperwork. You can apply for a loan from anywhere in India using the KreditBee mobile app.
- Loan Amount Range:
- You can borrow amounts ranging from ₹3,000 to ₹2,00,000, catering to various financial needs, from small expenses to significant purchases.
- Flexible Repayment Tenure:
- The loan can be repaid over a period of up to 24 months, providing flexibility to manage your finances comfortably.
- Interest Rates:
- The annual interest rate ranges from 18% to 24%, depending on your credit profile and other factors. The rates are transparent and communicated upfront.
- Enhancement of CIBIL Score:
- Regular and timely repayment of the loan can help improve your CIBIL score, enhancing your creditworthiness for future financial needs.
- Variety of Loan Options:
- Apart from personal loans, KreditBee offers credit line loans and consumer loans, providing a wide range of financial products tailored to different needs.
Eligibility Criteria
To be eligible for a KreditBee Flexi Personal Loan, you must meet the following criteria:
- Nationality: Must be an Indian citizen.
- Age: Must be at least 18 years old.
- Income Source: Must have a source of income, though proof is not required.
- Mobile Number: Your mobile number must be linked to your Aadhaar.
- Bank Account: Must have a savings bank account for disbursement and repayment.
Required Documents
KreditBee has simplified the documentation process. The required documents include:
- Photo ID Proof: PAN card.
- Address Proof: Aadhaar card or other acceptable documents.
- Recent Photograph: Can be uploaded through the KreditBee app.
- Loan Agreement: Acceptance via Aadhaar OTP verification.
Interest Rates and Fees
- Monthly Interest Rate: The loan’s monthly interest rate ranges from 2% to 3%, translating to an annual rate of 24% to 30%.
- Processing Fee: A processing fee of 2% to 4% of the loan amount is charged.
- Loan Agreement Fee: A nominal fee for the loan agreement may be applied.
- Late Payment Fee: Additional charges apply if payments are delayed.
- GST: Goods and Services Tax (GST) of up to 18% is applicable on all fees and charges.
Application Process
Here’s a step-by-step guide to applying for a KreditBee Flexi Personal Loan:
- Download the KreditBee App:
- The app is available on the Google Play Store. Install it on your smartphone.
- Sign Up:
- Create an account using your social media credentials or mobile number.
- Fill in Personal and Professional Details:
- Enter your personal information, including your name, address, and professional details. Also, provide your banking information.
- Upload KYC Documents:
- Upload the necessary documents, including your PAN card, Aadhaar card, and a recent photograph.
- Identity Verification:
- Verify your identity using Aadhaar OTP.
- Loan Approval:
- If your application meets the eligibility criteria, the loan will be approved instantly.
- Disbursement:
- The approved loan amount will be credited to your provided bank account.
Customer Care and Contact Information
For any queries or assistance, you can contact KreditBee’s customer care:
- Phone: 080-44292200
- Email: help@kreditbee.in
- Address: KreditBee, 16/3, Adarsh Yelavarti Kendra, Opposite Frank Anthony School, Cambridge Layout, Jogupalya, Bangalore, Karnataka 560008, India
- App: You can also reach out through the KreditBee app.
Important Notes
- Accuracy of Information: Ensure all information provided during the application process is accurate to avoid rejection.
- Official Website: For the latest and most accurate information, always refer to the official KreditBee website or contact their customer service.
Disclaimer: This article is intended for informational purposes only. The information has been compiled from various news sources and publications. Please verify details from the official KreditBee website. The site “app.gujarattalk.in” does not take responsibility for any discrepancies in the provided information.