Kreditbee Flexi Personal Loan 2024: Is kreditbee approved by RBI?

kreditbee-flexi-personal-loan-review
kreditbee-flexi-personal-loan-review

Kreditbee Flexi Personal Loan: KreditBee is a popular online lending platform that offers personal loans to borrowers in India. The company was founded in 2016 and has since disbursed over ₹10 billion in loans. KreditBee loans are available for amounts ranging from ₹1,000 to ₹4 lakhs, with repayment tenures of up to 2 years.

In this blog post, we will discuss everything you need to know about Kreditbee Flexi Personal Loan, including how to apply online, the benefits and charges associated with these loans, the interest rates, the disadvantages, whether or not they are legal, and the loan repayment process.

We will also provide some tips on how to get the best possible deal on a Kreditbee Flexi Personal Loan. So whether you are considering applying for a Kreditbee Flexi Personal Loan or you are just curious about how they work, this blog post is for you.

key points that we will cover in this blog post:

  • How to apply for a KreditBee loan online
  • The benefits of taking a KreditBee loan
  • The charges and interest rates associated with KreditBee loans
  • The disadvantages of taking a KreditBee loan
  • Whether or not KreditBee loans are legal
  • The loan repayment process
  • Tips on how to get the best possible deal on a KreditBee loan

We hope that this blog post will help you to make an informed decision about whether or not a Kreditbee Flexi Personal Loan is right for you.

Kreditbee Personal Loan types

Kreditbee provide three types of personal loan. Here is the list below:

Today we will talk about Kreditbee Flexi Personal Loan, because it is borrowed without salary slip.

What is Kreditbee Flexi Personal Loan?

KreditBee Flexi Personal Loan is a short-term personal loan product by KreditBee with a shorter repayment cycle. It is one of the most convenient solutions for all your financial needs, with loan amounts ranging from INR 1,300 up to INR 1 Lakh. You can use this loan for various reasons – from buying groceries to paying utility bills to unexpected expenses.

Kreditbee Flexi Personal Loan Key Features

  • Quick and easy application process: The application process can be completed online in a few minutes.
  • Instant loan disbursal: If approved, the loan amount will be disbursed into your bank account within 10 minutes.
  • Flexible repayment terms: You can choose the repayment tenure that best suits your needs, from 3 months to 24 months.
  • No collateral required: You do not need to provide any collateral to secure the loan.
  • Competitive interest rates: The interest rates on KreditBee Personal Loan are competitive, starting at 12.25% p.a.
  • 24×7 customer support: You can reach out to KreditBee’s customer support team 24×7 if you have any questions or concerns.

Kreditbee Flexi Personal Loan eligibility

  • Citizenship: You must be an Indian citizen.
  • Age: You must be between 21 and 50 years old.
  • Income: You must have a monthly income of at least ₹10,000.
  • Selfie: You must take a selfie of yourself.
  • PAN card: You must provide a copy of your PAN card.
  • Aadhaar card or passport: You must provide a copy of your Aadhaar card or passport.

If you meet all of the eligibility criteria, you can apply for a KreditBee Flexi Personal Loan online. The application process is quick and easy, and you can get approved in minutes.

Kreditbee Flexi Personal Loan apply online

kreditbee-personal-loan-apply-online
kreditbee-personal-loan-apply-online
  1. Sign up using your mobile number: Go to the KreditBee website or download the KreditBee app and enter your mobile number. You will receive a one-time password (OTP) on your mobile number. Enter the OTP to verify your mobile number and create your account.
  2. Enter your basic information and check your eligibility: Enter your name, contact details, and income information. KreditBee will use this information to check your eligibility for a loan.
  3. Verify your profile by uploading your KYC documents: You will need to upload copies of your PAN card and Aadhaar card to verify your profile.
  4. Provide your bank account details: Enter your bank account number and IFSC code. This is where the loan amount will be disbursed.
  5. Choose your loan amount and tenure: You can choose the loan amount and tenure that best suits your needs. The loan amount ranges from ₹1,300 to ₹1 lakh and the tenure ranges from 3 to 10 months.
  6. Get your loan disbursed directly into your bank account: If your application is approved, the loan amount will be disbursed directly into your bank account within 10 minutes.

Kreditbee Flexi Personal Loan interest rate

The interest rate on a KreditBee Flexi Personal Loan is determined by your credit score and other factors. The interest rate can range from 24% p.a. to 29.95% p.a. The interest rate is usually lower for borrowers with good credit scores.

Kreditbee Flexi Personal Loan other charges

  • Processing fee: The processing fee for a Flexi Personal Loan from KreditBee is 2.5% of the loan amount.
  • Late payment fee: If you make a late payment on your Flexi Personal Loan, you will be charged a late payment fee. The late payment fee is 25% of the monthly EMI.
  • Prepayment penalty: If you prepay your Flexi Personal Loan, you may be charged a prepayment penalty. The prepayment penalty is typically 3% of the remaining loan amount.
  • Overdue interest: If you do not make your monthly EMI payments on time, you will be charged overdue interest. The overdue interest rate is typically 2% per month.

It is important to note that these are just the standard charges that KreditBee charges. There may be other charges that apply, depending on your individual circumstances.

Kreditbee Flexi Personal Loan emi calculator

  1. Go to the KreditBee website or download the KreditBee app.
  2. Click on the “EMI Calculator” link.
  3. Enter the loan amount, interest rate, and tenure.
  4. Click on the “Calculate” button.

The calculator will then estimate your monthly EMIs and the total amount you will repay.

Kreditbee Personal Loan customer care number

If you need to get in touch with KreditBee regarding their Flexi Personal Loan or any other queries, you can reach out to their customer care team at the following contact details:

You can also visit their office at the address provided below:

KreditBee 16/3, Adarsh Yelavarthy Centre, Opposite Frank Anthony School, Cambridge Layout, Jogupalya, Bangalore, Karnataka, 560008, India.

Is Kreditbee approved by RBI?

Yes, KreditBee is an RBI-approved NBFC (Non-Banking Financial Company) and is regulated by the Reserve Bank of India (RBI).

KreditBee is a digital lending platform that offers personal loans to borrowers with good credit scores. The company was founded in 2017 and is headquartered in Bangalore, India. KreditBee is backed by Sequoia Capital India and other leading investors.

The RBI approval means that KreditBee has met the RBI’s requirements for financial soundness and compliance. This includes having adequate capital, following sound lending practices, and having a robust risk management system.

FAQs

Q. What is repayment tenure for Kreditbee Flexi Personal Loan?

The repayment tenure for a KreditBee Flexi Personal Loan can be anywhere between 3 and 10 months, depending on the loan terms.

Q. How to get instant loan of 50,000 without salary slip?

It is not possible to get an instant loan of 50,000 without a salary slip on Kreditbee.
Kreditbee is a digital lending platform that offers personal loans to borrowers with good credit scores. To be eligible for a loan, borrowers must provide proof of income, such as a salary slip or bank statement.

Q. Is KreditBee safe for personal loan?

KreditBee is a relatively new lending platform, but it has been in operation since 2017. The company is backed by Sequoia Capital India and other leading investors. KreditBee has a good reputation and is considered to be a safe lender.
However, it is important to note that any loan carries some degree of risk. If you are considering taking out a loan from KreditBee, it is important to carefully consider your financial situation and make sure that you can afford to repay the loan.

Q. Is KreditBee giving loans now?

KreditBee also offers a Flexi Personal Loan, which is a revolving loan. This means that you can borrow up to your credit limit and repay it as you need to. The minimum loan amount for the Flexi Personal Loan is Rs. 1,300 and the maximum loan amount is Rs. 1 lakh.

Q. What is the first loan limit in KreditBee?

Yes, KreditBee is still giving loans as of March 8, 2023. The company has not announced any plans to stop giving loans in the near future.

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