When exploring KreditBee Business Loans, you’ll find that interest rates typically start from 18% per annum. However, the exact interest rate offered to you may vary based on several influencing factors. Understanding these elements can empower you to make a well-informed borrowing decision.
Here are the interest rates and charges applicable to a KreditBee Business Loan:
Particulars |
Details |
Interest Rate |
18% p.a. onwards |
Processing Fees |
3% to 4.25% |
E-NACH Bounce Charges |
₹500 |
Late Payment Fee |
0.1% per day on the default amount |
*Disclaimer: The mentioned rates and charges are subject to change at the discretion of the lender.
To understand how to calculate the monthly instalments for a KreditBee Business Loan, let’s consider an example. Suppose you borrow ₹5,00,000 at an interest rate of 18% per annum for a tenure of 36 months. In this scenario, your EMI will be approximately ₹18,076.
Tenure |
Principal Paid |
Interest Charges |
Outstanding Dues |
1st Year |
₹1,37,926 |
₹78,987 |
₹3,62,074 |
2nd Year |
₹1,64,907 |
₹52,008 |
₹1,97,166 |
3rd Year |
₹1,97,166 |
₹19,749 |
₹0 |
*Note: These are approximate values and are meant only for illustration. For actual EMI values, reach out to your lender.
Manually calculating the EMI using formulas can be time-consuming and prone to errors. For quick and accurate results, consider using the business loan EMI calculator available on Bajaj Markets. This tool simplifies the process and provides clarity on your repayment schedule, helping you plan your finances efficiently.
Several factors influence the KreditBee Business Loan rate of interest. Some of these include:
Borrowing larger sums often carries slightly higher rates, as it involves increased risk for the lender. It’s advisable to select an amount that aligns with your financial capacity to repay comfortably.
A strong credit score can improve your eligibility for lower interest rates, as it indicates responsible financial behaviour. Conversely, a lower credit score may result in higher rates due to perceived risk.
Opting for a shorter tenure may reduce the KreditBee BL interest rate, as it lowers the lender’s risk. However, shorter durations usually lead to higher EMIs. Choose a tenure that balances affordability with the overall loan cost.
A history of timely repayments on loans or credit card bills demonstrates your reliability. Maintaining a good credit track record can enhance your chances of obtaining a more competitive interest rate.
The financial health of your business, including consistent turnover and profitability, significantly affects the interest rate. Stable revenues often lead to better terms, as they reflect a lower risk for lenders.
Our Partners
|
Minimum Interest Rate
|
Maximum Loan Amount
|
Maximum Loan Tenure
|
|
---|---|---|---|---|
![]() Aditya Birla Finance Limited |
22% p.a. |
₹10 Lakhs |
36 months |
|
![]() Ambit Finvest |
20% p.a. |
₹50 Lakhs |
36 months |
|
![]() AYE Finance |
29.50% p.a. |
₹2 Lakhs |
30 months |
|
![]() Bajaj Finance Limited |
14% p.a. |
₹30 Lakhs |
96 months |
|
![]() FlexiLoans |
18% p.a. |
₹50 Lakhs |
36 months |
|
![]() IIFL Finance |
16.50% p.a. |
₹30 Lakhs |
48 months |
|
![]() InCred |
24% p.a. |
₹3 Lakhs |
60 months |
|
![]() Indifi |
22% p.a. |
₹30 Lakhs |
36 months |
|
![]() Lendingkart |
19.20% p.a. |
₹35 Lakhs |
36 months |
|
![]() Protium |
20.5% p.a. |
₹35 Lakhs |
36 months |
|
![]() Credit Saison |
22% p.a. |
₹10 Lakhs |
36 months |
|
![]() UGRO Capital |
24% p.a. |
₹50 Lakhs |
72 months |
|
You can follow these straightforward steps to apply for a KreditBee Business Loan online through this page:
Click on the ‘Check Eligibility’ button available on this page
Enter your personal and income-related information accurately
Choose ‘KreditBee’ from the list of lenders displayed
Specify your desired loan amount and repayment tenure
Review all the details you’ve provided and submit your application
Once your application is submitted, it will undergo verification. After successful verification, the lender will contact you to guide you through the next steps.
There are no foreclosure charges on KreditBee Business Loans.
A bounce charge refers to the penalty applied when an E-NACH mandate fails due to insufficient funds or other issues. For KreditBee Business Loans, the E-NACH bounce charge is ₹500.
The interest rate for KreditBee Business Loans starts from 18% per annum onwards.
Yes, your credit score plays a crucial role in determining the interest rate. A higher score may help you secure a lower interest rate, while a lower score might lead to higher rates due to increased perceived risk.