Kreditbee Loan App 2022: Features, Eligibility, Documents, Application: The Kreditbee app has gained the trust of millions of people in India. The app provides a loan to every citizen of India, if they have all the relevant documents and if they are eligible. KreditBee offers personal loans at a very low-interest rate and the processing fee is also quite low. KreditBee has a total download of more than 20 million, which makes it one of the most famous and popular loans providing platforms. In this article, we will discuss in detail all the Features and Loan processes of Kreditbee.
Features of Kreditbee
The KreditBee app provides a lot of features without asking a lot of questions. The amount of flexibility which the app provides is also very amazing. You can get a loan as low as 1,000 to the maximum of 2 lakhs. You can also choose the tenure according to your need. The after service is quite phenomenal as well and you will never have to worry about anything.
The company has some of the best employees and it is a matter of their job. It also has plenty of NBFCs under it, which provides a lot of assist to the company. You can also feel safe as everything is authorised by RBI itself.
|Interest rate||Interest rate starts from 1.02 % per annum|
|Processing fee||3.50 % of the loan amount|
|Features||The process is completely online and hassle-free. You can get your loan amount within minutes with Minimal documents are required. You can get a minimum of 1,000 and a maximum of 2 lakhs loan|
|Eligibility criteria||You need to be at least 21 years old if you want to apply for a loan. You have to have a minimum salary of 10,000|
|Application process (Online/Offline)||First of all, you need to download the application form. Google play store or from the official website. Then you need to submit all the documents with the application form|
|Documents Required||Identity proof, Address proof, Income proof – for salaried team member, most recent salary slip and self-employed person, bank statement of last 6 months|
There are some eligibility criteria that you need to look for if you want to apply for a personal loan from the KreditBee app. There are very few eligibility criteria though, which is quite acceptable from everyone’s point of view.
The eligibility criteria which you need to know are:
- You need to be a citizen of India if you want to have a loan from the bank.
- The company doesn’t discriminate against anyone on the basis of their job, so whether you are self-employed or salaried, you can apply for the loan without any worries.
- You need to have a minimum salary of 10,000 if you want to take the loan from Kredit Bee app.
- Your age must have to be either 21 or more than that. Although it can’t exceed 45 or else you can get a loan.
The best part about the app is that it requires very few documents. The process is completely online and hassles free and you need to upload the scanned image of all the documents.
The documents required to take a loan from the KreditBee app are:
- Identity proof – Aadhaar card, passport, voter ID card, etc.
- Address proof – Aadhaar card, driving license, etc.
- Pan card is also required for a KYC. Without a successful KYC registration, you can’t apply for the loan.
Application process (Online/offline)
The application process to take a personal loan from the KreditBee app is very easy and hassle-free. You can get a loan within 15 minutes. Anyone can take the loan if they have the required documents and also if they are eligible. The process is completely online and you don’t need to put your foot outside of your home. You can also access all the benefits of the application. Once you will submit all the documents, you don’t need to submit them ever, you can take a loan numerous times.
Now we will see the application process in steps:
Step I – first of all, you need to download the application from the store or the official website.
Step II – then you have to register on the application.
Step III – in this step, you need to provide all the necessary details about your life and your qualifications as well as your identity.
Step IV – now you need to fill the application form with proper care.
Step V – attach the scanned image of all the documents with your form and submit it all.
Step VI – once all the documents are successfully submitted, your loan will be sanctioned within minutes to your bank account.
Frequently asked questions
Q.1 I am 21 years old, can I apply for the loan on the Kredit Bee app?
Yes, you can apply for the loan on the Kredit Bee app. The minimum age requirement for a Kredit Bee loan is 21. Although you need to fulfil some other criteria as well.
Q.2 What is the minimum loan amount which Kredit Bee offers to its customers?
The minimum loan amount which Kredit Bee offers is 1,000 whereas the maximum loan amount is 2 lakhs.
Q.3 What all purposes can you utilise the Personal loan for?
You can take a loan for various reasons – to take care of a medical emergency or for shopping or an online sale. Any Situations and opportunities do not come with a notification, and with KreditBee you will be prepared for anything and everything.
Q.4 Is it Like a Credit Card?
No, it is a personal loan and different from a Credit Card which has a moratorium period and the terms are different.