Personal Loan
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
KreditBee is an intermediary between you and the bank for various financial services such as personal loans. This makes your loan application process easier. With this, you can borrow a lump sum amount instantly. If you’re looking for a short-term or standard personal loan, KreditBee is the right destination for you! There are different types of personal loans available for you based on your financial requirements. KreditBee Personal Loan can be offered up to INR 3 Lakh. And you won’t even need any collateral for the same. For more details on KreditBee Personal Loan, continue reading this page below.
KreditBee Personal Loan Details
Let’s check KreditBee Personal Loan details – such as loan amount offered, interest rates applicable, etc.
Let’s Check Out the KreditBee Loan Amount List
The loan amount may vary based on your type of KreditBee Personal Loan. In the table below, you’ll understand this better –
From the above KreditBee loan amount list, you can see salaried persons getting more than their non-salaried counterparts. And the reason is the regular flow of income.
What is the KreditBee Personal Loan Interest Rate?
Personal loan interest rates differ based on the type of credit. If you choose a KreditBee Flexi personal loan, the interest rate will commence from 1.50% per month. Whereas, for a KreditBee personal loan, the interest rate will begin from 1.02% per annum.
KreditBee CIBIL Score Requirement
You can get a loan from KreditBee without any CIBIL score which banks or NBFCs require to grant credits. So, here’s the advantage of borrowing a personal loan from Kreditbee. As personal loans are unsecured, lenders offer loans to those who have a good CIBIL score.
KreditBee Personal Loan Repayment Period
For a short-term loan, KreditBee offers a repayment period of 2 to 6 months. However, for salaried, the tenure will be 3 to 15 months. You can repay the loan amount and interest in equated monthly installments. The EMIs help you manage your day-to-day expenses. This way your loan burden reduces gradually.
KreditBee EMI Calculator
You can use the KreditBee EMI calculator and check the possible EMI. To use this tool, follow the below steps –
- Visit the official website of KreditBee
- Click on the ‘More’ button and select ‘ EMI Calculator’ from the drop-down menu
- Insert loan amount, interest rate and tenure
- Click on the ‘Calculate’ button
- The calculator displays the EMI amount.
Check out the example below to get an idea of the EMI amount.
Kavya needed a short-term loan of INR 9,000 and she came across KreditBee Personal Loan while researching online. She downloaded the KreditBee Loan App and checked her eligible loan amount. After that, she enters the following in the KreditBee EMI Calculator to calculate the possible EMIs.
- Loan amount – INR 9,000
- Interest rate – 19.00% per annum
- Tenure – 6 months
According to the KreditBee EMI Calculator Kavya’s EMI will be INR 1,584.
KreditBee EMI Pay Online Method
You can do KreditBee EMI pay online using your UPI-enabled mobile app. There are various methods by which you can easily pay the EMI online. To do the same, follow the below steps –
- Open your UPI app
- Choose ‘Pay Loan EMI’
- Select ‘KreditBee’ as your lender
- Enter the loan account number and EMI
- Click on the ‘Pay Now’ button
- Enter your UPI PIN and complete the payment
- Upon successful payment, an SMS or email will be sent to your registered mobile or email address.
How Much Income Do You Need for KreditBee Personal Loan?
To apply for a KreditBee Personal Loan, you need a minimum income of INR 10,000. However, the salaried individual can avail of a loan if he/she earns a minimum of INR 15,000 per month. How income can impact your loan? A high income allows you to borrow the maximum from the KreditBee loan amount list. On the other hand, if the income barely meets the eligibility criteria, the interest rate will be high.
- Download KreditBee Loan App
- You can download the KreditBee loan app on your Android or IOS smartphone.
- When you do so, you can easily apply for a personal loan online without any trouble. Follow the instructions shown below –
- Sign up for KreditBee using your Google or Facebook account
- After that, enter your details such as name, address, etc.
- Upload PAN Card, Aadhaar Card or Passport
- If you’re a salaried professional, enter your company name and monthly salary details
- Insert your bank account details
- Select your loan amount
- View loan summary and applicable charges
KreditBee Customer Care Number & Other Contact Details
You can contact KreditBee customer care and clarify your query by calling the toll-free number 080-44292200. There are alternatives to KreditBee Customer Care Number, like
- KreditBee email ID [email protected]
- KreditBee office address 16/3, Adarsh Yelavarthy Centre, opp to Frank Anthony School, Cambridge Layout, Jogupalya Bangalore Karnataka 560008 India
- Media relations team contact ID [email protected]