Personal Loan for Occasion

Frequently Asked Questions

• 1. What are the advantages of KreditBee's Personal Loan for Occasions?

  Obtaining a Personal Loan for Occasions online has several advantages. The primary advantage of applying for a personal loan is the quick disbursement of the loan amount once approved. Benefits also include:

  • 100% online process
  • Loans start from ₹6,000 to ₹10 Lakhs
  • Applications accepted 24x7
  • Easy documentation
  • Approved loan amount disbursed in 10 minutes

• 2. How do I apply for a KreditBee Personal Loan for Occasion?

  To avail of a personal loan for occasions, you need to follow these five simple steps:

  1. Sign up on the KreditBee app using your mobile number.
  2. Enter your basic details and check your eligibility.
  3. Upload the required documents to verify your profile.
  4. Provide your bank account details.
  5. Once approved, get the loan amount directly transferred into your bank account.

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

  Availing a personal loan from KreditBee is much easier in comparison to availing of a traditional loan from a bank. The application procedure for a loan from the bank is lengthy, with extensive paperwork. However, the process is simple and quick online. Once you fulfil the eligibility criteria and upload your documents, the loan amount is disbursed in 10 minutes after approval. The money is then credited to your bank account.

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

  The different types of online loans offered by KreditBee are as follows:

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

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

  You’ll need limited documents to avail a loan from KreditBee, as the documentation process is hassle-free. The documents you would need to apply for a personal loan from KreditBee, include a digital copy of your selfie, your PAN card for identity verification, and an address proof which can be your passport, voter ID, or Aadhaar.

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

  Yes, there are certain preconditions to comply with the KYC criteria. The KYC documents supplied in the app must be authentic. Below are the eligibility criteria a person should fulfil to apply for a loan.

  • You must be an Indian citizen.
  • You must be above 21 years of age and less than 60 years of age.
  • You must possess a PAN card.
  • You must have a mobile number to register for the loan.
  • You must have a minimum income of ₹10,000 per month.

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

  The documents required for salaried employees to avail of a personal loan are as follows.

  • Workplace details
  • Picture of your office ID card
  • Workplace email address
  • Salary slip
  • Salary account details

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

• 8. What do you mean by credit score?

  Your credit score is a three-digit number that indicates your creditworthiness and ability to repay debts. A credit score usually ranges from 300 to 850. Your credit score will determine your eligibility for availing of a loan.

• 9. How is my credit score connected to the Personal Loan for Occasion that I avail of from KreditBee?

  Applying for a personal loan from KreditBee and paying it back on time shows that you have a proven track record of repaying debts and improving your credit score. An improved credit score will allow you to avail of future loans without any hassle easily.

• 10. How can I repay my Loan for Occasions?

  You can repay your existing Personal Loan for Occasions by visiting the KreditBee app. Click on the repayment option, and you can repay your Personal Loan for Occasions using various payment methods such as 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, you can repay your loan amount only through the mobile app. Kindly contact us at [email protected] if you face any issues repaying your loan. The team will investigate the matter and provide additional guidance on the best course of action.

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

  To settle your loan before the due date, you must request permission and write an email to [email protected].

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

  The repayment tenure of an online loan from KreditBee ranges from 6 to 60 months. It depends on the type of loan taken, the amount availed by the borrower, and the chosen repayment plan.