KrazyBee Credit Platform Buy Now Pay Later APK. KrazyBee is India’s largest credit platform that enables consumers to buy now and pay later through flexible monthly payment plans.
With KrazyBee app download, you can purchase your desired products immediately without having to pay everything upfront or requiring a credit card.
How Does KrazyBee Work?
KrazyBee partners with Non-Banking Financial Companies (NBFCs) and banks registered with RBI to provide personal loans ranging from Rs. 1,000 to Rs. 200,000 to consumers. One of their primary NBFC partners is Krazybee Services Private Limited.
Here’s an overview of KrazyBee’s buy now, pay later model:
- You select a product to purchase on KrazyBee or share one from an e-commerce site
- KrazyBee approves a loan amount based on your eligibility
- You only have to pay a small down payment for the product
- The remaining loan amount is disbursed to the merchant/seller
- You repay the loan in easy EMIs over a tenure of 62 days to 15 months
This allows you to buy products immediately without having to pay the full amount upfront. The loan repayment is structured so you pay affordable monthly installments.
Key Features
KrazyBee offers the following features:
- Hassle-free financing – Get doorstep delivery of products without needing to pay everything at once
- Buy now, pay later – Pay for purchases in easy EMIs instead of lump-sum payments
- Partnerships – KrazyBee partners with leading e-commerce brands like Amazon, Flipkart, Myntra, etc.
Benefits
Using KrazyBee for your financing needs has these benefits:
- Higher loan eligibility – Timely repayments can make you eligible for higher loan amounts and longer repayment tenures
- Credit score improvement – Your payment behavior is shared with credit bureaus. Good repayment patterns can increase your credit score.
Eligibility Criteria
To qualify for a loan from KrazyBee, you must fulfill the following eligibility conditions:
- Aged between 18-25 years
- Indian resident with valid ID and address proof
- Have a valid PAN number
Loan Details
- Loan amount – Rs. 1,499 to Rs. 50,000
- Tenure – 3 to 12 months
- Interest rate – 0% to 36% per annum
- Processing fee – 0.1% to 5% of principal amount
- Charges – Based on risk profile of borrower
- Penalties – For delayed payments
- APR – 18% to 66% depending on risk level
KrazyBee determines the exact interest rate, fees, charges, and repayment tenure applicable based on the risk profile of the borrower. Those deemed higher risk are charged higher interest rates and processing fees.
App Info:
| Version | 2.5.5 (81) |
| Update | Apr 1, 2021 |
| Developer | Finnovation Tech Solutions Pvt Ltd |
| Category | Finance |
| Google Play ID | com.krazybee.customer |
| Installs | 1,000,000+ |
How to Apply
Follow these steps to get a buy now, pay later loan from KrazyBee:
- Download the KrazyBee app on your phone
- Upload your KYC documents for verification
- Complete a one-time video KYC process
- Sign the loan agreement digitally on the app
- Share your selected product from an e-commerce site to KrazyBee
- Make the down payment after loan approval
Contact Information
Get in touch with KrazyBee at:
Phone: 08044292222
Email: care@krazybee.com
Office address:
16/3, Adarsh Yelavarthy Centre,
Opp. Frank Anthony School, Cambridge Layout,
Jogupalya, Bangalore, Karnataka 560001
Conclusion
KrazyBee Credit Platform Buy Now Pay Later APK makes it easy for Indian consumers to buy their desired products immediately through flexible repayment plans.
With low eligibility requirements, it provides financing options even for young borrowers with limited credit history.
KrazyBee can be a useful way to buy smartphones, electronics, fashion items, and more without having to pay everything upfront.
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