Question 1

Who is eligible for a CredBean personal loan?

Accepted Answer

Any Indian resident aged 21 to 58 with a valid PAN, Aadhaar, a bank account and a verifiable source of income — salaried, self-employed, gig work, or household income with a co-applicant.

Question 2

How much can I borrow and for how long?

Accepted Answer

From ₹5,000 to ₹5,00,000 for tenures of 3 to 60 months. First-time borrowers typically start with smaller tickets and grow their limit with repayment history.

Question 3

I have no credit history. Can I still apply?

Accepted Answer

Yes. CredBean assesses bank-statement and UPI cash-flow signals alongside bureau data, so a thin file does not automatically mean rejection.

Question 4

What documents do I need?

Accepted Answer

PAN, Aadhaar for OTP-based eKYC, and either three months of bank statements or salary slips. Everything is uploaded online.

Question 5

What does a CredBean loan cost?

Accepted Answer

Interest starts at 14.5% p.a. on a reducing balance, with a one-time processing fee of up to 2%. The complete breakdown appears in your Key Fact Statement before you sign.

Question 6

How fast is disbursal?

Accepted Answer

The application takes about three minutes. Approved loans are disbursed to your bank account in as fast as 10 minutes after digital signing.

Question 7

Can I repay early?

Accepted Answer

Yes. You can foreclose any time after the first EMI, and part-prepayment is free — it reduces either your EMI or your tenure.

Question 8

Does checking eligibility affect my credit score?

Accepted Answer

No. Eligibility uses a soft check that is not visible to other lenders and does not affect your score.

Question 9

Is CredBean RBI compliant?

Accepted Answer

CredBean operates as a lending service provider under RBI digital lending guidelines. Loans are disbursed by RBI-registered lending partners, and all recovery follows the Fair Practices Code.

Personal loan FAQ