KreditBee 1.5.7 APK

Rating: 122 Votes, 4.1/5

1.5.7
Apps, Finance
Feb 14 2022
Finnovation Tech Solutions Pvt Ltd
com.kreditbee.android
16.51 MB


Download APK (16.51 MB) Old Version

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File info

version 1.5.7
Size 16.51 MB
File name com.kreditbee.android-1.5.7.apk
OS Require 4.4 or higher
Category Finance

Description

Loans range from ₹1,000 to ₹200,000Tenure: 62 days to 15 months. Interest rates range from 0%-29.95% depending on risk profile of customer and product availedExample: If loan amount is ₹50,000 & interest is 22% per annum with tenure of 62 days; after deducting any other feesInterest = ₹50,000 x 22%/365 x 62 = ₹1,868KreditBee is an Instant Personal Loan App & Credit Platform for Young Professionals across India, where one can apply for Personal Loan Online & avail up to ₹2 Lakh as Direct Cash Transfer to Bank Account.Loan TypesFlexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes of app install as direct bank transfer. All you need is your PAN Card, ID & Address Proof, and you can avail from ₹1,000 to ₹50,000 for a tenure ranging from 62 days to 6 months.Personal Loan for Salaried - A personal loan option where you can avail amounts from ₹10,000 to ₹2 Lakhs as direct bank transfer for a tenure ranging from 3 to 15 months. All you need is your PAN Card, ID, Address Proof and Salary Proof.Online Purchase Loan - A loan option where you can Buy anything Now, Pay Later in EMIs. Via this option, you can avail e-vouchers on KreditBee App on loan, purchase on KreditBee's partner platforms like Flipkart, Amazon, MakeMyTrip, Myntra & many more through those e-vouchers, and pay KreditBee later in EMIs.Features1. 100% Online process2. Minimal documentation3. Fast approval4. Immediate bank transferBenefits & Risks1. Get access to higher amounts & tenures as you repay on time2. As compliance requirement your payment behaviour is shared with credit rating agencies; based on that your credit score may increase/decreaseEligibility1. Indian resident2. Above the age of 21 years3. Should have monthly source of incomeHow to get started1. Install KreditBee App2. Register through your Facebook/Google account3. Fill your basic details to check first level eligibility4. Upload KYC documents - ID, Address Proof & PAN card5. Avail Loan as bank transfer or e-voucher as per your requestAmount, Tenure, Fees & ChargesLoans amount: ₹1,000 to ₹200,000, Tenure: 62 days-15 months. KreditBee charges one-time service fee while onboarding or during upgrade which is ₹30-₹350 depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.Penalty is charged only when someone delays their scheduled payment.The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42%* and very high-risk customers is 24%-70%*.In addition to it, GST will be applicable only on the fee components as per Indian laws.*The higher charges are only for loans of lower amount and lower repayment tenure.ExampleA new low risk customer availing personal loan for salaried can avail a loan of ₹50,000 at an interest rate of 22%, processing fee of ₹1,250 for a period of 12 months and onboarding fees of ₹350. This would translate to an APR 25.2%.Interest CalculationIf loan amount is ₹50,000 & interest is 22% per annum; and loan is to be repaid over 12 EMIs, then overall interest payable is ₹6,157 only. The EMI per month would be ₹4,680 only.Contact Us1. Twitter: Tag us @kreditbee for quick response2. Mail: [email protected] Call: 08044292200AddressThe Royal Stone Park, 3rd Floor, No. 100, Above Honda Showroom, Sakshi Nagar, Pai Layout, Bennigana Halli, Bengaluru, Karnataka 560016

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