Short answer: FlexSalary has the lowest income bar here (₹8,000 a month) and no prepayment penalty, but its rates are 18% to 42% a year and APR 20% to 70%. KreditBee needs ₹10,000 income, starts at 12% and lends far more (up to ₹10 lakh).
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
FlexSalary vs KreditBee at a glance
| FlexSalary | KreditBee | |
|---|---|---|
| Type | Loan app of Vivifi India Finance, an RBI-registered NBFC | Loan app (Krazybee Services, an RBI-registered NBFC, plus partner lenders) |
| Loan amount | Up to ₹3 lakh | ₹3,000 to ₹10 lakh |
| Interest rate | 18% to 42% a year | 12% to 27.5% a year (website); 12% to 28.5% (Google Play) |
| APR | 20% to 70% | 17% to 50% (Google Play) |
| Processing fee | Up to 5% + GST | Up to 4.7% + GST |
| Tenure | Up to 36 months | 3 to 60 months |
| Minimum income | ₹8,000 a month | ₹10,000 a month (household income above ₹25,000) |
| Who can apply | Salaried only | Salaried (2+ months in current job); self-employed options linked |
| Age | 21+ | 21 to 60 |
| Prepayment and foreclosure | No prepayment penalty | Foreclosure up to 5% of principal outstanding + GST; part-prepayment up to 5% of amount prepaid + GST |
| Product | Credit line style; repay anytime | Term loan (EMI) |
| RBI-regulated lenders | Vivifi India Finance | Krazybee Services, PayU Finance India, Oxyzo Financial Services, Vivriti Capital, Cholamandalam Investment and Finance, Kisetsu Saison Finance, Tata Capital, Northern Arc Capital, Piramal Finance, MAS Financial Services, Mirae Asset Financial Services, Aditya Birla Capital |
| On RBI’s digital lending app list | Yes: 1 RBI-regulated lender lists it; 1Cr+ installs, rated 4.7 | Yes: 15 RBI-regulated lenders list it; 10Cr+ installs, rated 4.6 |
| Also worth knowing | Late fee up to ₹150 per instance; Says a low CIBIL score is not a deal-breaker | Says low-CIBIL applicants may qualify; Penal charge 36% a year on overdue principal (2 to 180 days) |
Install counts and ratings are from Google Play, as recorded on RBI’s digital lending app list check of 5 October 2026.
What a ₹50,000 loan over 12 months would cost
We costed the same loan on each lender’s advertised figures, using the standard reducing-balance EMI formula and adding 18% GST to fees where the lender quotes them before tax. The lowest advertised rate is usually for the strongest credit profiles; many borrowers are offered more.
| Lender | Scenario | Rate a year | EMI | Total interest | Fee incl. GST | Total cost |
|---|---|---|---|---|---|---|
| FlexSalary | Lowest advertised rate | 18% | ₹4,584 | ₹5,008 | ₹2,950 | ₹7,958 |
| FlexSalary | Highest advertised rate | 42% | ₹5,174 | ₹12,090 | ₹2,950 | ₹15,040 |
| KreditBee | Lowest advertised rate | 12% | ₹4,442 | ₹3,309 | ₹2,773 | ₹6,082 |
| KreditBee | Highest advertised rate (website) | 27.5% | ₹4,813 | ₹7,757 | ₹2,773 | ₹10,530 |
Try your own numbers in our personal loan EMI calculator. For loans quoted only as APR, the APR already includes fees, so the total is an estimate.
Key differences
- Rate: FlexSalary 18% to 42%; KreditBee 12% to 27.5%.
- Income: FlexSalary ₹8,000; KreditBee ₹10,000.
- Closing early: FlexSalary no penalty; KreditBee up to 5% + GST.
- Loan size: FlexSalary up to ₹3 lakh; KreditBee up to ₹10 lakh.
Which should you choose?
FlexSalary may suit you if you earn under ₹10,000 a month or want to repay early without a penalty.
KreditBee may suit you if you qualify for its lower rates or need more than ₹3 lakh.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
Who lends through FlexSalary?
Vivifi India Finance Private Limited, an RBI-registered NBFC.
Does FlexSalary need a good CIBIL score?
FlexSalary says a low CIBIL score is not necessarily a deal-breaker. A low score usually means a rate nearer the top of the range.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
- FlexSalary website
- FlexSalary interest and fees
- KreditBee personal loan page
- KreditBee on Google Play
Read more: FlexSalary app review · KreditBee app review · FlexSalary lender profile · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.