KreditBee

Q: What is KreditBee, and how does it serve users?

A: KreditBee is a trusted instant personal loan app with over 5 crore users. It provides loans from ₹1,000 to ₹5,00,000, catering to salaried and self-employed individuals. With quick approvals, minimal documentation, and flexible repayment options, KreditBee ensures fast, secure, and transparent financial assistance for a variety of needs such as emergencies, weddings, travel, education, or business expansion.

Q: What types of loans can I avail of through KreditBee?

A: KreditBee offers multiple loan options:

• Flexi Personal Loan: ₹1,000 to ₹80,000 for urgent credit needs, repayable in 3-10 months.

• Personal Loan for Salaried: ₹10,000 to ₹5,00,000 for salaried professionals, with tenures of 7-36 months.

• Business Loan: ₹10,000 to ₹4,00,000 to support entrepreneurs, repayable in 7-24 months.

  
  

  These loans are tailored to suit diverse financial requirements.

Q: What is the KreditBee Refer and Earn program?

A: The KreditBee Refer and Earn program allows users to earn encashable points by inviting friends to the KreditBee app. You earn ₹75 for every successful referral, which can be redeemed or used for various benefits like reducing loan processing fees or transferring directly to your bank account.

Q: How does the KreditBee Refer and Earn program work?

A: Here’s how the program works:

• Invite friends by sharing your unique referral code.

• Earn 25 points when a referred friend registers and gets their profile confirmed.

• Earn 50 additional points when they successfully take their first loan.

• Your friend also earns 25 points for profile confirmation and 50 points upon taking a loan.

Q: What rewards can I earn through referrals on KreditBee?

A: For every successful referral:

• Earn ₹75 (75 points, 1 point = ₹1).

• Earn ₹375 for 5 referrals and ₹750 for 10 referrals.

• Unlimited earning potential with no referral cap.

Q: How can I invite my friends to KreditBee?

A: Here are the how to invite our friends:

• Open the KreditBee app and go to the “Refer” page.

• Copy your unique referral code or link.

• Share it with your friends via social media, messaging apps, or email.

• Ensure your friends use your code while registering on KreditBee.

Q: What are the benefits for the person I refer to KreditBee?

A: Your referred friends enjoy:

• 25 encashable points when their profile is confirmed.

• 50 encashable points after taking their first loan.

• Hassle-free loan disbursal within 10 minutes.

Q: How can I check my referral points on KreditBee?

A: To check your referral points:

• Open the KreditBee app.

• Tap on the “Refer” icon on the homepage.

• View your referral history, total points earned, and their redeemable status.

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Q: How can I redeem my referral points on KreditBee?

A: Redeem your points by:

• Navigating to the “Refer” section in the KreditBee app.

• Clicking on the “Redeem Points” option.

• Use the points to reduce loan processing fees or transfer them to your bank account.

Q: Can I use KreditBee referral points for other benefits?

A: Yes, KreditBee points can be used to:

• Offset loan processing fees.

• Transfer funds directly to your bank account.

• Invest in KreditBee’s 24K Gold program for financial growth.

Q: How do I earn unlimited points through KreditBee referrals?

A: You can earn unlimited points by continuously referring friends. There’s no cap on the number of referrals you can make. For every friend who successfully registers and takes a loan, you earn ₹75.

Q: What happens if my friend does not use my referral code?

A: If your friend registers without your referral code, you will not earn any referral points. It is crucial that they use your code during the registration process for you to qualify for rewards.

Q: How long does it take to receive referral rewards?

A: Referral rewards are credited as soon as:

• Your referred friend gets their profile confirmed (25 points).

• Your referred friend successfully takes their first loan (50 points).

Q: Can I refer someone who has already registered on KreditBee?

A: No, the program only rewards referrals for new users who register using your unique referral code and fulfill the program’s criteria.

Q: What is the minimum amount required for my friend’s loan to qualify for rewards?

A: There is no minimum loan amount required. As long as your friend successfully takes any loan from KreditBee after registration, you earn the referral points.

Q: Can I track my referral performance on KreditBee?

A: Yes, you can track your referral performance directly in the app. The “Refer” section displays details of:

• Total referrals made.

• Successful referrals.

• Points earned and redeemed.

Q: Why should I participate in the KreditBee Refer and Earn program?

A: Participate:

• Unlimited rewards: Earn ₹75 per referral with no cap.

• Dual benefits: Both you and your referred friend earn rewards.

• Simple process: Share your referral code and start earning.

• Financial flexibility: Use points to reduce loan fees, transfer to your bank, or invest in gold.

Q: What makes KreditBee different from other instant loan platforms?

A: KreditBee stands out for its:

• Quick disbursals: Funds are credited within 10 minutes post-approval.

• Flexibility: Repayment terms ranging from 7 to 36 months.

• Transparency: No hidden charges, with all fees disclosed upfront.

• Security: Collaboration with RBI-registered NBFCs and banks for safe transactions.

• 100% Digital Process: Entire application and documentation are paperless and online.

Q: What are the eligibility criteria for applying for a loan with KreditBee?

A: To apply, you must:

• Be an Indian citizen aged 21 or above.

• Be salaried or self-employed with a steady income.

• Possess valid documents, including a PAN card and address proof.

Q: How can I apply for a loan on the KreditBee app?

A: The process is simple and efficient:

• Download and install the KreditBee app.

• Register using your mobile number.

• Provide your PAN card to check loan eligibility.

• Upload necessary documents (address proof, income proof).

• Choose the loan amount and tenure that suits your needs.

• Submit your application, and receive funds in your bank account upon approval.

Q: What documents are required to complete the loan application?

A: KreditBee requires minimal documentation for convenience:

• Identity Proof: PAN card.

• Address Proof: Aadhaar, passport, or voter ID.

• Income Proof: Salary slips for salaried individuals, or business proof for self-employed applicants.

Q: What are KreditBee’s loan terms, interest rates, and charges?

A: Loan terms:

• Loan Amount: ₹1,000 to ₹5,00,000.

• Interest Rates: 17% to 29.95% per annum (APR: 17%-45%).

• Tenure: 7 to 36 months.

• Processing Fees: Typically 2%-3% of the loan amount, disclosed upfront.

• Example: A ₹50,000 loan over 12 months at 20% interest will have an EMI of ₹4,632 with a total repayment of ₹55,580.

Q: Can self-employed individuals apply for KreditBee loans?

A: Yes, KreditBee provides personal loans for self-employed individuals, offering loan amounts from ₹10,000 to ₹4,00,000. These loans can be used for business expansion, operational expenses, or personal needs, with repayment terms between 3 to 24 months.

Q: What is the KreditBee Refer and Earn program, and how does it work?

A: The KreditBee Refer and Earn program allows you to invite friends to use the app and earn rewards:

• Earn ₹75 for each successful referral.

• Refer 5 friends and earn ₹375.

• Refer 10 friends and earn ₹750.

  
  

  There is no limit on the number of referrals you can make, maximizing your earning potential.

Q: How safe is KreditBee for personal loans?

A: KreditBee is highly secure and trustworthy:

• Partners with RBI-certified NBFCs and banks.

• Uses advanced encryption to protect user data.

• Provides transparent loan terms with no hidden fees.

  
  

  This ensures a safe and reliable experience for borrowers.

Q: What are the repayment options for KreditBee loans?

A: Repayment is simple and flexible:

• EMI Plans: Choose from 7 to 36 months.

• Payment Modes: Pay through UPI, net banking, or auto-debit.

• Flexibility: Opt for early repayment or pre-closure if desired (terms apply).

Q: What can KreditBee loans be used for?

A: KreditBee loans are versatile and can be used for:

• Emergency expenses (medical, travel).

• Weddings and other personal events.

• Education and skill development.

• Business expansion and operational needs.

• Debt consolidation or big-ticket purchases.

Q: What happens if my KreditBee loan application is rejected?

A: If your application is rejected, KreditBee will notify you of the reasons, such as:

• Low credit score.

• Incomplete documentation.

• Insufficient eligibility.

  
  

  You can reapply after addressing these issues or improving your credit profile.

Q: Does KreditBee allow loan prepayment or foreclosure?

A: Yes, KreditBee offers prepayment and foreclosure options, depending on the loan terms. Prepayment charges, if applicable, will be mentioned in your loan agreement, allowing you to save on interest costs by repaying early.

Q: How can I contact KreditBee for support?

A: For assistance, you can reach KreditBee through:

• Email: help@kreditbee.in

• Phone: 080-44292200 / 080-68534522

• Office Address: 4th Floor, Mereside Heights, 1st Main Road, Sakshi Nagar, Pai Layout, Mahadevapura, Bangalore, 560016.