Loan App Details & Reputation
App Name
KreditBee
Tagline/Description
India’s Fastest Personal Loan & Online Credit Platform
Developer/Company Name
Finnovation Tech Solutions Private Limited
Website URL
Social Media Handles
Facebook: @kreditbee | Twitter: @kreditbee | LinkedIn: KreditBee
Contact Information
Not publicly listed (in-app support available)
License and Registration Details
Facilitates loans through RBI-registered NBFCs/Banks
Latest News/Updates
June 2024: KreditBee partnered with new lenders to expand loan offerings and reach.
March 2024: Launched “KreditBee Card,” a digital card with pre-approved credit limits.
Loan Details
Loan Amount (Minimum and Maximum)
₹1,000 to ₹5,00,000
Interest Rate (Daily, Weekly, Monthly, Annually)
17% to 29.95% per annum
Loan Tenure (Minimum and Maximum)
3 months to 36 months
Repayment Options
EMI, auto-debit
Fees (Processing, Late Payment, etc.)
Vary based on loan amount and lender; details provided during application.
Eligibility Criteria (Age, Income, Credit Score, etc.)
- Age: 21 to 55 years
- Salaried or self-employed
- Minimum monthly income: ₹10,000
- Valid KYC documents
Documents Required
PAN card, Aadhaar card, bank statements, salary slips (if applicable)
Loan Purpose
Personal expenses, medical emergencies, education, etc.
App Ratings and Reviews
Google Play Store Rating
4.4 stars (50M+ downloads)
Apple App Store Rating
Not available
Trustpilot Rating
Not available on Trustpilot
Google Reviews
Generally positive, with users highlighting quick disbursal and easy process. Some complaints about customer service.
User Reviews and Feedback
Positive Reviews
Fast and convenient loan process, good for small amounts, transparent terms.
Negative Reviews
Concerns about high-interest rates for some, occasional technical issues, difficulty reaching customer support.
Customer Support
Contact Channels
In-app support, email
Support Hours
Not explicitly mentioned
FAQs and Knowledge Base
FAQ section available on the website and app
Loan Disbursal and Repayment
Disbursal Time
10 minutes (as advertised), but can vary.
Repayment Options
EMI, auto-debit
Late Payment Fees and Penalties
Vary based on loan agreement
Additional Features
Credit Score Check and Reporting
Not explicitly mentioned
Loan Calculator and EMI Simulator
Available on website and app
Financial Education Resources
Limited resources on website
Regulatory Compliance
RBI or NBFC License Details
Facilitates loans through RBI-registered partners.
Compliance with Indian Banking Regulations
Adheres to regulations through partner institutions.
Step-by-Step Guide to Using MoneyTap
Download and Install
From Google Play Store
Google Play Store Link
Apple Store Link
Registration
Using mobile number and OTP
Profile Completion
Personal, employment, and financial details
KYC Verification
Upload documents (PAN, Aadhaar, etc.)
Loan Application
Select amount and tenure
Approval and Disbursal
If approved, funds transferred to bank account
Repayment
Through app or auto-debit
Disclaimer
The information presented in this document regarding loan apps is intended for general informational purposes only and is current as of the date of this post. It is compiled from sources believed to be reliable, including official websites, app stores, and user reviews. However, the financial landscape, app features, interest rates, and terms can change rapidly.
Instantloansindia does not endorse any specific loan app or guarantee the accuracy, completeness, or timeliness of the information provided. It is crucial that users verify all information directly with the respective loan app or financial institution before making any financial decisions.
Instantloansindia shall not be held liable for any damages, losses, or liabilities arising from the use or reliance on the information herein. Users are solely responsible for their financial choices and should consult with qualified professionals for personalized financial advice.