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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.

Details of the KreditBee Business Loan Interest Rates

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.

How To Calculate KreditBee Business Loan Interest?

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.

Factors Affecting KreditBee Business Loan Interest Rates

Several factors influence the KreditBee Business Loan rate of interest. Some of these include:

  • Loan Amount

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.

  • Credit Score

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.

  • Repayment Tenure

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.

  • Credit History

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.

  • Business Performance

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.

Compare KreditBee Business Loan Interest Rates with Other Partners

Our Partners
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Minimum Interest Rate
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Maximum Loan Amount
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Maximum Loan Tenure
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Aditya Birla Finance Limited

22% p.a.

₹10 Lakhs

36 months

4.5
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Ambit Finvest

20% p.a.

₹50 Lakhs

36 months

4.4
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AYE Finance

29.50% p.a.

₹2 Lakhs

30 months

4.2
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Bajaj Finance Limited

14% p.a.

₹30 Lakhs

96 months

4.8
Image

FlexiLoans

18% p.a.

₹50 Lakhs

36 months

3.9
Image

IIFL Finance

16.50% p.a.

₹30 Lakhs

48 months

3.9
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InCred

24% p.a.

₹3 Lakhs

60 months

4.1
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Indifi

22% p.a.

₹30 Lakhs

36 months

3.8
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Lendingkart

19.20% p.a.

₹35 Lakhs

36 months

4.3
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Protium

20.5% p.a.

₹35 Lakhs

36 months

4.0
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Credit Saison

22% p.a.

₹10 Lakhs

36 months

4.1
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UGRO Capital

24% p.a.

₹50 Lakhs

72 months

4.4
View More

How to Apply for KreditBee Business Loan on Bajaj Markets.

You can follow these straightforward steps to apply for a KreditBee Business Loan online through this page:

  1. Click on the ‘Check Eligibility’ button available on this page

  2. Enter your personal and income-related information accurately

  3. Choose ‘KreditBee’ from the list of lenders displayed

  4. Specify your desired loan amount and repayment tenure

  5. 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.

FAQs

What are the foreclosure charges on KreditBee Business Loan?

There are no foreclosure charges on KreditBee Business Loans.

What does bounce charge mean on KreditBee Business Loan?

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.

What is the minimum and maximum interest rate on KreditBee Business Loans?

The interest rate for KreditBee Business Loans starts from 18% per annum onwards.

Does my credit score affect the interest rate on a KreditBee Business Loan?

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.

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