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KreditBee Review

Krazybee Services Pvt Ltd (NBFC)

Regulated NBFC, but fees + GST push real APR well above the headline rate.

Reviewed by
SahiSujhav editorial — Independent borrower-side review
Last verified
2026-05-09
Right of reply
KreditBee invited to respond on 2026-05-09. Status: pending
Indicative APR upto
Upto 48%
Indicative processing fee upto
Upto 5%
Tenure
3–18 months
Ticket size
₹1,000–₹4,00,000
3.2 / 5
SahiSujhav editorial rating

Red flags

  • •Processing fee 4-6% common — true APR often 40%+ on short tenures
  • •Aggressive in-app cross-sell of larger loans

Green flags

  • •RBI-licensed NBFC (Krazybee Services)
  • •KFS provided pre-disbursal
  • •Direct bank disbursal, no pool account

Permissions demanded

KYCBank statement (AA)SMS (optional)

Data practices

Account Aggregator-based bank fetch. Contacts permission removed post-2022 DLG.

Recovery practices

In-house collections; reports of frequent calls but largely within RBI hours.

Sources & references

Last reviewed: 2026-05-09

Grievance & support

Contact details published by the lender. If unresolved within 30 days, escalate via RBI Sachet.

Disclaimer: Reviews are independent editorial assessments based on publicly available information and user-submitted complaints. APR ranges and fees can change — always check the lender's Key Fact Statement before borrowing. Not financial or legal advice.

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Frequently asked questions about KreditBee

Is KreditBee RBI-registered?

KreditBee is operated by Krazybee Services Pvt Ltd (NBFC). Its RBI status: RBI-regulated NBFC. Always verify the parent lender directly on the RBI NBFC list before borrowing.

What is the real APR on KreditBee?

KreditBee charges an APR between 48% and 48% per annum with a processing fee of up to 5%. After fees and GST, the effective APR on short tenures can be significantly higher than the headline rate.

Is KreditBee safe to use?

Regulated NBFC, but fees + GST push real APR well above the headline rate. Permissions demanded: KYC, Bank statement (AA), SMS (optional). Recovery practices: In-house collections; reports of frequent calls but largely within RBI hours..

What loan amount and tenure does KreditBee offer?

Ticket size ranges from ₹1,000 to ₹4,00,000, with tenure between 3 and 18 months.

How do I close my KreditBee loan early?

Open the app, request a foreclosure quote in writing, and pay the principal + accrued interest. Demand the No Dues Certificate (NDC) within 7 working days — RBI mandates it. If KreditBee refuses or harasses you, file a complaint on the RBI Sachet portal.