1. Overview
- Type: FinTech/NBFC (Digital Lending Platform)
- Founded: 2018 (Headquarters: Bangalore)
- Parent Company: KrazyBee Services Pvt. Ltd.
- Loan Range: ₹1,000 to ₹5 lakhs
- Interest Rates: 1%–3% per month (12–36% p.a.)
- Tenure: 3–24 months
2. Loan Products
| Product | Amount | Tenure | Purpose |
|---|---|---|---|
| Personal Loan | ₹3,000–5 lakhs | 3–24 months | Medical, travel, education |
| Payday Loan | ₹1,000–50,000 | 1–3 months | Short-term cash needs |
| Credit Line | Up to ₹2 lakhs | Flexible | Revolving credit (like a card) |
3. Eligibility Criteria
- Age: 21–55 years
- Income: ₹10,000+ monthly (salaried) / ₹15,000+ (self-employed)
- Credit Score: 600+ (varies by product)
- Documents: Aadhaar, PAN, bank statements (3–6 months)
4. Key Features
✅ Instant Approval: Disbursal in 10 minutes–24 hours
✅ No Collateral: Unsecured loans
✅ Flexible Repayment: Choose tenure/EMI via app
✅ Credit Building: Reports to CIBIL/CRIF (helps improve score)
✅ App-Based: Android/iOS app for end-to-end process
5. Interest & Fees
- Processing Fee: 1–6% of loan amount
- Late Payment Fee: 2–4% per month
- Prepayment: Allowed (may charge 0–5% fee)
6. How It Works
- Download App (KreditBee)
- Check Eligibility (soft CIBIL check)
- Upload Documents (Aadhaar, PAN, salary slips)
- Get Approval (instant verification)
- Receive Funds (direct to bank account)
7. Pros & Cons
✅ Pros:
- Quick disbursal for emergencies
- Minimal documentation
- No physical paperwork
❌ Cons:
- High interest for long tenures
- Short repayment periods for payday loans
- Aggressive recovery calls if EMI bounces
8. Safety & NBFC Partners
- Registered with RBI (partnered with NBFCs like KrazyBee, AU Bank)
- Data Security: 256-bit SSL encryption
9. Customer Care
- Email:
support@kreditbee.in - Phone:
080-4684-6800 - App Chat Support: 24/7
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