Personal Loan for Education

Frequently Asked Questions

• 1. What are the benefits of availing Education Loan?

  The perks of an Education Loan range widely:

  1. The process is 100% online.
  2. Easy documentation and hassle-free disbursal.
  3. Loan starts from ₹6,000 to ₹10 Lakhs.
  4. Applications are accepted 24x7.
  5. Get your loan disbursed in just 10 minutes.

• 2. How do I apply for an Education Loan from KreditBee?

  To apply, install the official app and sign up using your mobile number. Then you have to create an account on our platform, enter your information, complete the questionnaire, and upload your KYC paperwork to help us verify your profile.

• 3. What benefits of opting for an Education Loan from KreditBee rather than a bank?

  A loan from a bank usually takes a couple of weeks to process and requires extensive paperwork and several branch office visits. On the other hand, the financing process at KreditBee is online, allowing you to apply for an Education Loan anytime, anywhere.

• 4. What are the various online loans offered by KreditBee?

  • Flexi Personal Loan
  • Personal Loan for Salaried
  • Personal Loan for Self-Employed

• 5. What documents are required to apply for an Education Loan on KreditBee?

  To apply for an Education Loan through KreditBee, you must upload a selfie and PAN card for identity verification and address proof (such as your passport, voter ID, or Aadhaar).

• 6. Is there any precondition for me to apply for an Education Loan on KreditBee?

  To satisfy our KYC requirements, a person must submit the necessary information and apply for a loan. We shall verify that the KYC documents submitted in the app match the applicant. Additionally, applicants must fulfill the following eligibility requirements:

  • You must be an Indian citizen.
  • You must be above 21 to 60 years of age.
  • You must have a PAN card.
  • You must register a mobile number on our website/app.

• 7. Apart from my KYC documents, what employment details/documents are required to apply for an Instant Loan?

  The following documents are required from salaried individuals interested in availing of our loan:

  • Workplace details (like company name)
  • Picture of your office ID card
  • Workplace email address
  • Salary slip

  Self-employed individuals must provide their bank statements for the last six months.

• 8. What do you mean by credit score?

  A credit score determines your ability to repay your debts and financial worthiness. It is a three-digit number ranging from 300 to 850. Four credit bureaus in India- CIBIL, Experian, Equifax, and CRIF High Mark- generate credit scores. Your credit score determines your loan eligibility.

• 9. How is my credit score connected to the Education Loan I avail of from KreditBee?

  KreditBee is a good resource for improving your credit score. Acquiring an Education Loan from KreditBee and paying it back on time helps improve your credit score by showing that you have a proven record of repaying debts.

• 10. How can I repay my Education Loan?

  You can repay your existing loan on our KreditBee app and instantly complete the payment process. Various payment methods can be utilized, including debit cards, net banking, and UPI.

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

  No, only the KreditBee app supports KreditBee loan repayments. If you face any issues in repaying your loan, kindly contact us through email at [email protected] so that we may investigate and provide you with additional guidance on the best course of action.

• 12. Can I repay my Education Loan before the due date?

  Yes, you can do that. To request permission and have your loan settled before the due date, write an email to [email protected]..

• 13. What is the available repayment tenure for education from KreditBee?

  The repayment tenure of an online loan from KreditBee ranges from 6 to 60 months. The term usually depends on the type of loan, the amount taken out by the borrower, and the repayment plan chosen at the time of application.