Personal Loan for Wedding

Frequently Asked Questions

• 1. What are the advantages of obtaining a wedding loan from KreditBee?

  The most significant benefit of a wedding loan from KreditBee is that the funds will be credited to your account quickly and easily in 10 minutes. This ensures that everything runs smoothly and that you have sufficient funds while planning the wedding

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

  You must first download our app and register with your mobile number before applying for a KreditBee wedding loan. For profile verification, you must create an account on our platform, enter your information, complete the questionnaire, and upload your KYC paperwork. Once your profile has been verified, you can upload your bank information to have the loan amount credited to your account.

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

  A wedding loan from a bank often takes a long process and requires extensive paperwork and several branch office visits.

  The financing process at KreditBee is entirely online, allowing you to apply for a wedding loan anywhere, anytime. The approved funds are disbursed in only 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 personal loan for a wedding on KreditBee?

  To apply for a wedding loan through KreditBee, you will be required to upload a digital copy of your photograph (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 a wedding loan on KreditBee?

  To comply with our KYC criteria, we must verify that the KYC documents provided in the app match the person applying for the loan. Also, the below-mentioned eligibility criteria should be met.

  • You must be an Indian citizen.
  • You must be above 21 years of age and less than 60 years of age.
  • You must have a PAN card.
  • You must register a mobile number compulsorily.
  • 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 wedding loan?

  Salaried individuals will be required to provide the following documents:

  • 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 is a three-digit number that determines your financial credibility and ability to repay your debts. The credit score ranges from 300 to 850. CIBIL, Experian, Equifax, and CRIF High Mark are the four credit bureaus in India that generate credit scores. Your credit score determines eligibility for a loan.

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

  KreditBee is a good platform for improving an individual’s credit score. Accepting a personal loan from KreditBee and paying it back on time shows that you have a proven track record of repaying debts, thus improving your credit score. That, in turn, increases your eligibility for a bigger loan from a bank or other financial institution in the future.

• 10. How can I repay my loan for a wedding?

  You can repay your existing wedding loan by visiting our KreditBee app and completing the payment process. You can repay your loan 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, 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 the loan before the due date?

  Yes, you can do that. To settle your loan before the due date, 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 availed, the amount availed by the borrower, and the chosen repayment plan.