Fast Cash Loan

Frequently Asked Questions

• 1. What are the benefits of availing a fast cash loan?

  Fast cash loans offer quick access to funds for urgent financial needs. They have a streamlined online application, hassle-free documentation process, and fast approval and disbursal times, making them ideal for emergencies, unexpected expenses, or time-sensitive opportunities.

• 2. How do I apply for a fast cash loan with KreditBee?

  Applying for a fast cash loan with KreditBee is simple and can be done entirely online:

  • Download the app or visit the website
  • Register with your mobile number
  • Enter your details
  • Upload documents
  • Get verified
  • Choose your loan amount and tenure
  • Receive funds

• 3. What is the advantage of availing fast cash loans with KreditBee over a bank personal loan?

  KreditBee fast cash loans offer several advantages over traditional bank personal loans:

  • Faster processing
  • Hassle-free documentation
  • Flexible loan amounts
  • Online convenience
  • 24/7 availability

• 4. What are the types of fast cash loans offered by KreditBee?

  KreditBee offers a variety of fast cash loans tailored to meet different financial needs:

  • Flexi Personal Loan: Ideal for small, urgent expenses, offering instant access to funds between ₹1,000 and ₹80,000 with flexible repayment terms.
  • Personal Loan for Self-Employed: Designed for business owners, providing loans from ₹1,000 to ₹4 Lakhs with repayment tenures that suit their cash flow.
  • Personal Loan for Salaried: Tailored for salaried individuals, offering quick access to loans from ₹10,000 to ₹5 Lakhs with flexible repayment options.

• 5. What documents do I need to apply for a fast cash loan on KreditBee?

  To apply for a fast cash loan on KreditBee, you'll need the following documents:

  • Photograph (Selfie)
  • Identity Proof (PAN)
  • Address Proof (Aadhaar, Passport)

  These are the essential documents required to initiate your loan application. The process is designed to be simple and hassle-free so you can quickly get the funds you need.

• 6. Is there any precondition for me to apply for a fast cash loan on KreditBee?

  Yes, there are a few preconditions to apply for a fast cash loan on KreditBee:

  • Indian Citizenship: You must be an Indian citizen.
  • Age: You must be between 21 and 60 years old.
  • Minimum Monthly Income: You must have a minimum monthly income of ₹10,000.
  • Credit Score: While KreditBee doesn't have a strict minimum credit score requirement, a good credit history can increase your chances of approval.
  • Employment: You must be salaried or self-employed with a verifiable income source.

• 7. Apart from my KYC documents, what employment details/documents are required to apply for a fast cash loan?

  Apart from your KYC documents, the specific employment details or documents required to apply for a fast cash loan on KreditBee depend on your employment type:

  • For Salaried Individuals
    • Salary Slips: Latest 2 or 3 months' salary slips
    • Bank Statements: Usually last 3-6 months
  • For Self-Employed Individuals
    • Income Proof: Latest Income Tax Returns (ITR)
    • Bank Statements: Usually last 6 months

• 8. What do you mean by credit score?

  A credit score is a three-digit number, typically between 300 and 900, which represents your creditworthiness. It's a numerical snapshot of your financial responsibility based on your credit history and borrowing behaviour. Lenders use your credit score to assess your risk level and determine whether to approve your loan application, the interest rate you'll be charged, and your credit limit.

• 9. How is my credit score connected to the fast cash loan that I avail with KreditBee?

  Your credit score plays a significant role in your fast cash loan application with KreditBee. While we don't have a strict minimum credit score requirement, a good credit score can:

  • Increased approval chances
  • Lower interest rates
  • Higher loan amounts
  • Faster approval

  Even if your credit score is less than ideal, KreditBee is committed to helping you access the funds you need.

• 10. How can I repay my loan?

  KreditBee offers several convenient options to repay your fast cash loan:

  • In-app repayment
  • Online platforms
  • Auto-debit
  • Bank transfer

  Detailed instructions on each repayment method can be found on the KreditBee app and website. We recommend choosing the option that best suits your convenience and preferences.

• 11. I am unable to repay my loan on the mobile app. Is there any other way to do so?

  While the KreditBee app is the primary channel for loan repayment, we understand that circumstances may arise where you need alternative options. If you're unable to repay through the app, please reach out to our customer support team at [email protected].
  
  We'll gladly assist you in exploring other repayment methods to ensure a smooth and convenient process.

• 12. Can I repay the loan before the due date?

  Yes, you can repay your KreditBee fast cash loan before the due date without any prepayment penalty. You can make partial or full prepayments through the KreditBee app or other available repayment channels.

• 13. Is it possible for me to pre-close my loan?

  Absolutely! You have the flexibility to pre-close your KreditBee loan at any time without incurring any prepayment penalties. Simply reach out to our customer support team at [email protected], and they will guide you through the seamless pre-closure process.

• 14. What is the available repayment tenure for a personal loan with KreditBee?

  KreditBee offers flexible repayment tenures for personal loans, ranging from 3 to 36 months. The specific tenure available to you will depend on the loan amount you choose and the type of loan product you select. This allows you to tailor your repayment plan to fit your budget and financial goals.