KreditPe provides the facility of getting up to Rs 10,000, lifetime 0% interest-free credit line with a feature of transferring approved credit to your bank account. It provides credit over UPI.

A credit line is a flexible loan similar to a credit card that offers you various funds that you can access as needed. You can then repay the loan immediately or over a pre-specified period of time.

With KreditPe, you just fill up basic details and get your credit line within minutes. With this approved credit, you can use Scan Now and Pay Later to pay anytime, anywhere and any number of times.

Currently, the maximum credit limit available is Rs 10,000. You can use it again and again for as long as you want.

To become eligible for KreditPe, you should have

  • Been approved a credit limit
  • Completed your KYC
  • Set up your bank for auto repayment

Apply through the KreditPe App and click on Apply now. Fill in the User details and Company details followed by completing your KYC. Within 1-2 days of application submission, KreditPe confirms the approval of the credit line. After accepting terms and conditions, you can start spending with KreditPe.

PAN Card and Aadhaar documents are required to be uploaded on KreditPe App during KYC.

KreditPe approves the application in just 1-2 days.

You can transact on any merchant that accepts UPI payment, whether online or offline. Just ‘Scan QR’ using the KreditPe App to make the payment.

You can transact on all the merchants where UPI is accepted. For payments, use your KreditPe App at any local shop, Petrol Pumps, etc. Just look for the Bharat/BHIM QR around you.

You can withdraw from your credit limit directly into your bank account. You can use these funds directly from your bank account..

KreditPes’ statement is generated once a month. Last day of every month, a statement is generated for all transactions of the month. The payment for this is due on the 7th of next month. For example, for transactions between 1st April to 30th April, the statement will be sent to you on 30th April and you need to repay the amount due by the 7th of May.

Fee structure of two features of KreditPe:

  1. Scan and Pay: When using the credit line to directly pay using scanning QR codes, 1% of the transacted amount will be charged as a commission.
  2. Bank Transfer: A low-interest fee will be charged depending on the number of installments chosen by you and the frequency of installments.

KreditPe is a product by Bueno Finance Inc. Bueno Finance Inc is synonymous with trust and has provided sort term loans to thousands of customers. Bueno Finance Inc has partnerships with Stashfin, Swiggy, Quess, Zomato, Grofers etc.