Personal Loan for Gift

Frequently Asked Questions

• 1. What are the benefits of availing a Gift Loan?

  • 100% online
  • Loans start from ₹6,000 to ₹10 Lakhs
  • Applications accepted 24x7
  • Hassle-free documentation
  • Get your loan disbursed in just 10 minutes

• 2. How do I apply for a Gift Loan from KreditBee?

  To apply for a KreditBee Gift Loan, you must first download our app and register using your mobile number. You must create an account on our platform, enter your information, complete the questionnaire, and upload your KYC paperwork for profile verification.

• 3. What is the advantage of availing a Gift Loan from KreditBee over a personal bank loan?

  The financing process at KreditBee is online, allowing you to apply for a Gift Loan at your fingertips. The process of verification is quick, following which the loan amount is disbursed in 10 minutes.

• 4. What are the types of Online Loans offered by KreditBee?

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

• 5. What documents do I need to apply for a Gift Loan on KreditBee?

  To apply for a Gift Loan through KreditBee, you must upload a selfie and PAN card for identity verification and address proof which can be your passport, voter ID, or Aadhaar card.

• 6. Is there any precondition for me to apply for a Gift Loan on KreditBee?

  Yes, to comply with our KYC criteria, we must confirm that the KYC documents supplied in the app match the person submitting their information. Also, the below-mentioned eligibility criteria should be met.

  1. You must be an Indian citizen.
  2. You must be above 21 years of age and less than 60 years of age.
  3. You must have a PAN card.
  4. You should have a registered mobile number.

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

  Documents required for salaried employees are as follows:

  • Organization details (like company name).
  • Picture of your office ID card.
  • Official email address.
  • Salary slip
  • Salary account details.

  If you are self-employed, a 6-months bank statement is mandatory for a loan application.

• 8. What do you mean by credit score?

  Your creditworthiness and capacity to pay back your debts are assessed by your credit score. Credit scores are generated by four credit bureaus in India: CIBIL, Experian, Equifax, and CRIF High Mark. Your eligibility for a loan is determined by your credit score.

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

  When you opt for a Personal Loan from KreditBee and repay in due time, it affirms your trustworthiness in repaying debts on time. This in turn improves your credit score over time.

• 10. How can I repay the Gift Loan?

  You can repay an existing loan from KreditBee by visiting the KreditBee app and making the payment. You can repay your personal loan via debit cards, net banking, or UPI.

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

  Loan repayments can be made only on the KreditBee app. If you face any issues in repaying your loan, kindly email at [email protected] so that we are able to assist you.

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

  Yes, it is possible. All you have to do is write an email to [email protected] regarding the same, and we will process your request.

• 13. What is the available repayment tenure for a Personal Loan from KreditBee?

  Depending on the amount borrowed, the chosen repayment option, and the type of loan taken out by the borrower, the repayment period for a KreditBee loan can be anywhere between 6 and 60 months