Personal Loan for Maternity

Frequently Asked Questions

• 1. What are the features and benefits of a maternity loan from KreditBee?

  Some of the benefits of availing of a maternity loan from KreditBee are:

  • 100% online
  • Loans start from ₹6,000 to ₹10 Lakhs
  • Available 24x7
  • Easy documentation
  • Get your loan disbursal in just 10 minutes

• 2. How do I apply for a maternity loan from KreditBee?

  Applying for a maternity loan from KreditBee is as easy as it can get. Just follow the simple steps below:

  • Sign up on the KreditBee app using your mobile number.
  • Enter basic information and check eligibility.
  • Upload documents for profile verification.
  • Provide bank account details.
  • Get the loan amount credited directly to your bank account.

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

  KreditBee's financing procedure is entirely online, unlike a traditional loan from a bank, so that you may apply for a Personal Loan for hobbies from the convenience of your home. The process is simple and fast, and the loan amount is disbursed in 10 minutes into your bank account, where you can use them any way you like.

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

  KreditBee offers the following loans, which can be obtained online through our app and range in amounts from ₹6,000 to ₹10 Lakhs:

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

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

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

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

  Yes, KreditBee must verify that the KYC documents uploaded in the app correspond to the person providing their information to fulfill the KYC requirements.

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

  To process a loan application for salaried employees, the following documents are required:

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

  For self-employed individuals, it is mandatory to submit the bank statement for the last six months along with the documents mentioned above.

• 8. What do you mean by credit score?

  Your credit score, which consists of three digits between 300 and 850, reflects your creditworthiness and capacity for debt repayment. Four credit reporting agencies in India produce credit scores: CIBIL, Experian, Equifax, and CRIF High Mark.

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

  Your credit score improves after you accept an online loan from KreditBee and return it on time. This makes it easier for you to eventually obtain a larger loan from us or any other bank or financial institution because you'll be able to do so with less difficulty and at a lower interest rate.

• 10. How can I repay my maternity loan?

  You can pay back your loan by going to the 'Repayments section' of our app and completing online payments. Payments are accepted via 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. Loan repayments are only supported via the KreditBee app. Please email us at [email protected] if you have any problems paying back your loan so that we can look into it.

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

  Yes, it is totally up to you. We only require a request from you at [email protected] for approval.

• 13. What is the available repayment tenure for a personal loan from KreditBee?

  Repayment tenures range from 6 to 60 months for an online loan from KreditBee. The type of loan, amount availed, and the borrower's selected repayment strategy will determine the tenure.