Instant Personal Loans

Frequently Asked Questions

• 1. Is KreditBee RBI approved?

  The Reserve Bank of India (RBI) does not directly approve digital lending apps. However, KreditBee partners with RBI-registered Non-Banking Financial Companies (NBFCs) to offer loan services through our platform. These partnerships ensure financial institutions abide by RBI regulations when approving and sanctioning loan applications.
  KreditBee is operated by KrazyBee Services Private Limited, a Non-Deposit Non-Banking Financial Institution (NBFC), registered with the Reserve Bank of India. .

• 2. What is the KreditBee app?

  The KreditBee app is your one-stop shop for simple, accessible, and affordable personal finance solutions. Download the app from the Google Play Store or App Store to unlock a world of financial possibilities, including:
  

  • Instant Personal Loans: Apply for loans up to ₹5 Lakhs with a hassle-free documentation process and get funds disbursed directly to your bank account in minutes.

  • Seamless Experience: Enjoy a completely online application process, from registration to approval, without the cumbersome paperwork or branch visits.

  • Trusted Partnerships: KreditBee partners with regulated lenders, ensuring financial transactions are secure and compliant with industry standards.

  With KreditBee, managing your finances is just a few taps away.

• 3. How does the KreditBee loan app work?

  The KreditBee app offers simple, accessible, and affordable personal loans:
  

  1. Download the KreditBee app: Download the KreditBee app from Google Play or the App Store, register with your phone number.

  2. Check eligibility: Check eligibility by providing basic details; you'll receive an SMS upon successful eligibility.

  3. Complete your profile: Complete your profile by uploading KYC documents and additional information.

  4. Verification and approval: Your profile will be verified, and upon approval, apply for a loan and sign the agreement in-app.

  5. Disbursement: Upon signing, your approved loan amount is disbursed to your bank account within minutes.

• 4. What are the products offered on the KreditBee app?

  The KreditBee app offers a variety of financial products and services, including:
  

  1. Flexi personal loans: Enjoy a flexible credit line with a pre-approved limit that you can draw on as needed.

  2. Personal loans for self-employed: Get a personal loan tailored to the needs of self-employed individuals.

  3. Personal loans for salaried: Get a personal loan with competitive interest rates and flexible repayment options.

  4. Business loans: Secure a business loan to support your business growth and address all your business-related needs.

  5. Loan against Property: Get a loan against the value of your property.

  KreditBee is a one-stop shop for all your financial needs. With a wide range of products and services, KreditBee can help you achieve your financial goals.

• 5. How to apply for a KreditBee personal loan?

  To apply for a KreditBee personal loan, follow these steps:

  1. Download the KreditBee app or visit the KreditBee website.

  2. Register for an account using your mobile number.

  3. Fill out the online application form. You will need to provide your personal information, employment information, and income information.

  4. Upload the required documents. These documents may include your PAN card, Aadhaar card, bank statements, and proof of income.

  5. Submit your application.

  KreditBee will review your application and let you know if your loan application is approved. If approved, the loan amount will be deposited into your bank account within minutes.

• 6. What are the eligibility criteria for obtaining a loan on the KreditBee app?

  To be eligible for a KreditBee personal loan, you must meet the following criterians:

  1. Be an Indian citizen.

  2. Be between 21 and 60 years of age.

  3. Have a minimum monthly income of ₹10,000.

  4. Three months of work experience in your current company.

  5. Minimum family income of ₹25,000.

  You can check your eligibility for a KreditBee personal loan by using our online eligibility calculator.

• 7. How quickly can I receive funds once my loan is approved?

  KreditBee's loan approval process is quick and efficient. Funds can typically disbursed within minutes of approval. This is because the company uses a streamlined online application process and has partnered with a network of lenders to ensure fast and easy access to funds.

• 8. How is the loan repayment process managed?

  Loan repayment at KreditBee is a simple and straightforward process. You can make your payments online through the KreditBee app or website or via NEFT, ECS, or UPI. There are no hidden fees, and you can prepay your loan at any time without penalty.

• 9. How to download the KreditBee app?

  To download the KreditBee app, follow these steps:

  1. Open the App Store on your iPhone or iPad or the Google Play Store on your Android device.

  2. Search for "KreditBee Personal Loan App".

  3. Tap the "Get" or "Install" button.

  4. Once the app is installed, open it and sign up for an account.

  You can also download the KreditBee app directly from the KreditBee website: https://www.kreditbee.in/.

• 10. Is the KreditBee loan app safe and secure?

  Yes, the KreditBee loan app is safe and secure. The app uses industry-standard security measures to protect your personal and financial information.
  Here are some of the security measures that KreditBee has in place:

  1. 128-bit SSL encryption: This is the same level of encryption used by banks and other financial institutions. It helps to protect your data from being intercepted by unauthorised parties.

  2. Secure servers: KreditBee's servers are protected by firewalls and other security measures to prevent unauthorised access.

  3. Regular security audits: KreditBee regularly conducts security audits to identify and fix any vulnerabilities in its systems.

  4. Partnership with RBI-registered lenders: KreditBee only partners with RBI-registered lenders, which means that your loan is being provided by a reputable and regulated financial institution.

  In addition to these security measures, KreditBee has a strong privacy policy that outlines how KreditBee collects, uses, and shares your personal information. You can read KreditBee's privacy policy on our website.