For young working professionals, KreditBee is excellent for getting quick loans inflexible tenures without facing the hassle of long documentation.
There was a time when getting a loan was a very lengthy and challenging process. People would wait for months and months to get approval. The verification, documentation, all the things were very messed. But now people have very little time on their hands. Like all other things, they also demand the credit as much as possible. Although, if you go for a significant amount of loans, the process is still quite as same as it was earlier.
In the small amount segment, the process and documentation have changed dramatically. Since smartphones reached our hands, the loan process has also changed. Now, across India, there are so many companies available that are providing loans to people. Among them, KreditBee is renowned. It is a great platform to get an instant loan with minimal documentation. In this article, we will be describing the KreditBee instant loan app and its features. Let’s get started with,
What is KreditBee?
KreditBee is a Bengaluru based instant personal loan provider company. They offer Rs. 10k to Rs. 200k as loan. For people looking for fast and convenient personal loans, KreditBee is an excellent option they have. Typically, companies will not be likely to give you credit if you do not have a credit card. But, in KreditBee, you can have the money without having your credit card. Let’s see what type of loan it provides.
Personal loan for salaried:
If you are a salaried person, you would be eligible for that loan. They offer both short terms and long term personal loans. For a short time, maximum tenure is between 2-6 months with an interest rate of 1.5 percent. You can get a maximum of Rs. 10,000 for the short term.
For the long term, the maximum tenure is of 3-15 months with an interest rate of 1.02 percent. You can take a maximum of Rs. Of 200k for long term loans.
Flexi personal loans:
KreditBee offers Flexi personal loans, which are small loans from the amount of Rs. 1000 to Rs. 10,000. The tenure of these loans is short. With this loan, you can do short things like shopping, for a party, paying bills, and others.
Online purchase loans:
For online shoppers, KreditBee gives an excellent opportunity to buy products online and convert to EMIs. They offer loans for various purposes, Ticket booking, Furniture, Travel, Electronic product buying, and many more. You can shop online writhe KreditBee by e-vouchers, which you can spend on KreditBee partner platforms.
There are different types of loans available. You can categorize by the types, location, situation, demography.
How can you get started with KreditBee mobile app?
The app is available on Google Playstore, and you can install it from there.
Install the app here
- After installing the app, you need to open it and allow all the information it asks for.
- After allowing that, you have to sign up for the app with your Facebook account. There are no other options such as typing name or Gmail has given so, you must require your Facebook account.
- Then, you have to enter your Facebook email ID or phone number and password. After that, KreditBee will fetch your data.
- Your name and birthday related information they get y your Facebook account.
- After that, you have to submit your KYC related details. You have to upload your AADHAR CARD, PAN CARD picture, and your selfie. You have to take the photos live because there are no options has given to upload.
- Then you have to confirm your AADHAR CARD, address, tick on the confirm AADHAR CARD, and then tap on “Confirm and Continue.”
- Then you have to be waiting for approval.
Eligibility to get an instant loan on KreditBee:
- You must have to be an Indian citizen.
- Your age has to be above 21 years.
- KYC address proof.
- A borrower must have an Identity Proof (PAN CARD) and Address Proof (AADHAR/ Voter ID, and other cards).
- If you are a salaried person, your salary has to be above Rs. 10,000 per month.
- You must have a valid account.
- To sign up for the KreditBee mobile app, having a Facebook account is mandatory.
KreditBee loan features and benefits:
If we need sudden financial support, KreditBee is an excellent solution. It is really very fast to disburse the amount.
- KreditBee offers loans for various purposes and various types. Like, personal loans, online loans, business loans, instant loans.
- The processing speed of credit is extremely fast. As per the documents, you can get the amount in your bank account in just 15 minutes.
- The interest rates are also relatively low as compared to other loan companies.
- They offer flexible tenures.
- They have minimal documentation of loan processing.
- All the process is 100 percent online.
For any help, you can call KreditBee customer care number 080-44292200. KreditBee has lots of repayment options. You can repay your loan with a Debit card, net banking, Paytm, or direct bank transfer.
For getting an instant loan, KreditBee is no doubt a trusted and fast way. The Google Play store it is has a 4.5-star rating, which makes it very reliable. Typically loan apps are not praised by people, but it has outstanding ratings on them. They have over 2 million satisfied customers.