reditBee is an Instant Personal Loan App and Credit Platform for Young Professionals crosswise over India, where one can apply for Personal Loan Online and benefit up to ₹2 Lakh as Direct Cash Transfer to Bank Account according to their necessity. Sign up in a moment or two, make your profile, apply for an advance and get cash legitimately into your record.
- Flexi Personal Loan – An adaptable credit choice where you can profit advances inside 10 minutes of application introduce as immediate bank move. All you need is your PAN Card, ID and Address Proof (Aadhaar/Voter ID/Passport), and you can profit from ₹1,000 to ₹50,000 for a residency running from 62 days to a half year.
- Individual Loan for Salaried – An individual credit choice where you can benefit sums from ₹10,000 to ₹2 Lakhs as immediate bank move for a residency extending from 3 to 15 months. All you need is your PAN Card, ID and Address Proof (Aadhaar/Voter ID/Passport) and Salary Proof.
- Online Purchase Loan – An advance alternative where you can Buy anything Now, Pay Later in EMIs. By means of this choice, you can benefit e-vouchers (or gift vouchers) on KreditBee App on credit, buy on KreditBee’s accomplice stages like Flipkart, Amazon, MakeMyTrip, Myntra and a lot progressively through those e-vouchers, and pay KreditBee later in EMIs.
- 100% Online procedure
- Negligible documentation
- Quick endorsement
- Quick bank move
- Secure exchange (128-piece SSL encryption)
Advantages and Risks
- Gain admittance to higher sums and residencies as you reimburse on schedule
- As consistence prerequisite your installment conduct is imparted to FICO score organizations; in view of that your FICO assessment may build/decline
- Indian inhabitant
- Over the age of 21 years
- Ought to have month to month wellspring of salary
Step by step instructions to begin
- Introduce this App
- Register through your Facebook or Google account
- Fill your wellspring of pay and essential subtleties to check first level qualification
- Transfer KYC archives – ID, Address Proof and PAN card
- Profit Loan as bank move or e-voucher according to your solicitation
Sum, Tenure, Fees and Charges
Advances go from ₹1,000 to ₹200,000 with installment residencies of 62 days to 15 months. KreditBee charges one-time administration expense while onboarding or during redesign which is ₹30-₹350 relying upon the hazard profile and participation band benefited by client. Loan fees run from 0%-29.95% with equal month to month financing cost of 0%-2.49% as it were. A little handling expense is charged for the advances for example for generally safe clients 0%-3% of the head, for extremely high-chance clients 2.5%-6.5%*. The charges and reimbursement residencies change dependent on the financial soundness and reimbursement capacity of the clients.
Punishment is charged just when somebody defers their booked installment.
The APR for various items is discrete according to the hazard profile of the clients. The APR for various individual credit items: generally safe clients is 0%-36%, medium hazard clients is 18%-39%, high hazard clients is 24%-42%* and high-chance clients is 24%-70%*.
Notwithstanding it, GST will be pertinent just on the expense parts according to Indian laws.
*The higher charges are just for credits of lower sum and lower reimbursement residency.
A new generally safe client profiting individual credit for salaried can benefit an advance of ₹50,000 at a loan fee of 22%, preparing charge of ₹1,250 for a time of a year and onboarding expenses of ₹350. This would mean an APR 25.2%.
In the event that advance sum is ₹50,000 and intrigue is 22% per annum; and the credit is to be reimbursed more than 12 EMIs, at that point the general intrigue payable is ₹6,157 as it were. The EMI every month would be ₹4,680 as it were.