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  1. Home
  2. FAQs
  3. Personal Loans

Personal Loans FAQs

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Firstly, please note that Adani One is not the primary lender for the loan. We are providing this loan via our NBFC partner KreditBee.

Here is who can apply for a loan on Adani One website/app:

  • Any Indian individual
  • Above the age of 22 years
  • Salaried or with a regular monthly income

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The interest range offered is 17% to 29.95%.

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The Annual Percentage Rate (APR) represents the total annual cost of borrowing. This includes not just the interest rate but also any associated fees, such as processing fees verification charges, maintenance charges and others. However, it excludes EMI Bounce charges, Penal charges, etc. The APR helps customers understand the complete cost of a loan, unlike the interest rate, which only covers the cost of borrowing the principal amount. So, always ask for APR from your provider when you apply for a loan.

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Please note that Adani One is not the primary lender for the loan. We are providing this loan via our NBFC partner KreditBee, a certified NBFC for lending.

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KreditBee is a platform that offers personal loans in simple steps.

All you have to do is download the app or visit the website and follow the following steps:

  • Register using your phone number and add OTP when prompted
  • Fill in the details in the form as required
  • You will receive an SMS to your registered mobile number (request you to wait for 24hrs/1 working day for review and confirmation)
  • Upon receiving confirmation, upload your KYC documents
  • Post which the profile will be verified depending on the authenticity and quality of the documents uploaded
  • Once verification is done you can apply for a loan through KreditBee and sign a Loan agreement. The amount shall be disbursed into the bank account provided by you within 15 minutes

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You can apply for Personal Loans ranging from ₹1,000 to ₹5 Lakh. The two products are:

  • Flexi Personal Loan: From ₹1,000/- to ₹80,000/-
  • Personal Loan for Salaried: From ₹10,000/- to ₹5 Lakh

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PAN Card, Proof of Address and Identity (Aadhaar Card or Voter ID or Driving License or Passport) are the mandatory documents.

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Personal loans offer quick access to funds for various needs, have flexible usage without collateral, often come with fixed interest rates and predictable monthly payments, and can help consolidate higher-interest debt. They also allow for manageable repayment terms, making budgeting easier for borrowers.

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Eligibility Criteria

  • Indian citizen
  • Age limit of 22 to 50 years
  • Minimum monthly income of ₹10,000
  • 3 months of work experience in your current company

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KreditBee offers collateral-free personal loans ranging from ₹1,000 to ₹5 Lakhs

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Loan processing time is as low as 10 minutes.

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The loan you receive is not considered a part of your income. No tax amount applies to the loan.

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A foreclosure amount is devised at the time which includes the remaining principal, accrued interest, and applicable charges. For more details, speak to the relationship manager or the call centre at 080-44292200 / 080-68534522 or mail help@kreditbee.in

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You can get a loan of up to 5 lakhs.

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To apply for a personal loan, your monthly income should be a minimum of ₹10,000.

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Paying your EMI on time is extremely crucial. Not paying may lead to penalty charges, a negative impact on the CIBIL Score, and may also reduce the chances of getting a loan in the future.

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Getting a personal loan is simpler when your profile is up-to-the-mark. By this we mean,

  • your credit score is more than 650
  • you maintain a stable income and employment history
  • you have no existing debt or have reduced debt amount
  • you have a strong repayment history
  • you have filled accurate details while applying for a loan and have not forged anything

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Proof of Address and Identity

  • PAN Card
  • Aadhaar Card
  • Voter ID
  • Driving License
  • Passport

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Personal Loan Eligibility Criteria

  • Be an Indian citizen
  • Age between 22-50
  • Salaried & Self-employed
  • Minimum monthly income of ₹10,000

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Only a few basic details are needed like your Name, DOB, PAN Card, Address, etc to proceed with your loan. A video KYC is also a mandatory step that must be completed. Post which, you can get a loan in 10mins if all the details are filled correctly.

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No, if you have done your KYC in the past, then all the details will be backed up in our system so doing the process all over again is not needed.

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It means that you have to specify the mobile number that is also mentioned in your Aadhaar records. This is important to ensure all your communication channels are consistent throughout.

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No, the Cardholder can use only one voucher in a single booking. Cardholders who login from their Adani Rewards Membership Account must be the mandatory traveller in the booking.

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No, the loan amount cannot be transferred to any other bank account.

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No, the loan amount cannot be transferred to any other bank account.

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The reason for the denial of your loan could be,

  • low credit score
  • the account is included in the delinquency files
  • other active loans
  • you can reapply in 6 months and we will be happy to consider your loan application.

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You can try reapplying using a different, valid bank account number.

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CIBIL score is a range between 300-900, which defines your credit health. It depends upon your loan repayment history and capacity, credit card history, the nature of your existing loans, if any, and more. Anything above 750 is considered ideal.

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After filling out the loan application, the lending partner will verify the information shared and update you about the credit limit. The lending partners validate your profile basis your CIBIL Score and other parameters and then decide on your personal loan eligibility and credit limit.

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A few things you can work on to enhance your CIBIL Score, which will also boost your credit limit for loans.

  • Consider reducing your existing debt — Home Loan EMIs, other Credit Card bills, Personal Loan, etc.
  • Fix your monthly income and keep big expenses to a minimum.
  • Pay your bills on time, which includes all your utility bills.
  • Increase your income, if possible.

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Your credit score helps lending partners or any financial institution determine whether your profile is suitable to give a loan or no. Maintaining a healthy credit score is crucial to availing of any loan be it a car loan, personal loan, home loan or even getting a new credit card.

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Prepayment is an option offered by the lender to pay your loan (partly or fully) before your actual repayment due date/tenure.

There are multiple benefits to doing so:

  • On half-prepayment, the loan amount reduces and so does the interest paid on your loan and the tenure. This lessens the burden of the loan, giving you more flexibility in managing your funds.
  • Full prepayment boosts the credit score making it easier for you to get any loan/credit card in future.

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While most of the lenders do not have a prepayment charge, they do exist. The amount differs across various providers and can be negotiated as well.

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Paying your EMI on time is extremely crucial. Defaulting on loan repayment may lead to penalty charges, a negative impact on the CIBIL Score, and may also reduce the chances of you getting a loan in the future.

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While it is always advisable to pay EMI on the due date, there is usually a grace period that the lender/bank allows. If you are not able to pay even then, you can inform your lender in advance. They might consider this as a one-off situation.

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Adani One Personal Loan interest rate is varied and so are the applicable charges. For the monthly tenure Flexi Personal Loan product, the annualised interest rate varies between 24-29.95% and the processing fee varies from ₹65 up to ₹5,560 flat. For Personal Loan for Salaried products, the annualised interest rate varies between 17-29.95% and processing fees range from ₹500 to up to ₹13,750 flat (These charges are indicative and may change based on your profile.)

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For Flexi Personal Loan monthly tenure loan products - The processing fee varies from Rs. 65 up to Rs. 5,560 flat

For Personal Loan for Salaried loan product (Loan amount from Rs. 10,000 to Rs. 5,00,000) - Processing fees range from Rs. 500 to up to Rs. 13,750 flat

*These charges are indicative and may change based on your profile.

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The processing fee may differ basis the operational effort and other formalities. This is a standard practice across all financial institutions/lenders.

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Convenience fees are charges collected by Payment Gateway for online repayment. It’s a compulsory charge and non-refundable.

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If the auto payment is unsuccessful, you may incur a penalty. It may vary basis the loan amount.

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  • EMI Bounce Charges (Day 1): For non-repayment of an EMI on the scheduled date, you will be charged a one-time bounce charge which will be equal to 4% of the principal outstanding overdue or Rs. 500, whichever is lower on each overdue instalment.
  • Penal Charges (Day 2 onwards): Post EMI due date, you will be charged Penalty Fees per day for 2-180 days at an annualized rate of 36% p.a. on the instalment’s principal outstanding overdue.
  • Annualized Late Payment Fees will apply to each overdue instalment.
  • No penalty charges will be levied beyond the period of 180 days if an EMI continues to remain outstanding even after 180 days.
  • EMI Bounce Charges and Penal Charges will be calculated on the principal overdue amount only and shall be levied separately from the components of the principal overdue amount and the loan interest. These charges are not added to the rate of interest against, which the loan has been advanced and are also not subject to any further interest.

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This is a one-time fee applicable to you on your next loan when you avail of KYC verification service from any lender. The lender incurs a cost in offline verification such as agent visit cost, transportation and other operational costs. Hence, a small document collection fee is charged to continue providing you with the maximum benefit of the services.

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A reassessment fee is charged when the lender’s team looks into your credit score to increase the credit limit. This may include re-checking your Credit score, reviewing your profile and other operational efforts.

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Loan Document fee is charged on the digital signing of the Loan Agreement.

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Annual Percentage Rate or APR is the expression of the total annual cost for the loan in terms of percentage. It includes interest rate as well as other fees provided for availing the loan like processing fees, assessment fees etc. This cost is important for the borrower as it gives the actual amount they have to pay for taking a loan over one year.

APR = [(Total Interest + Total Fees) / Loan Amount] x (365 / Loan Term in Days) x 100

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The minimum for a Personal Loan for Salaried is ₹10,000 while the maximum amount is up to ₹ 5 Lakh.

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Interest rate starts at 17% (annualized interest rate) per annum.

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The repayment tenure can be anywhere between 3 months to 36 months.

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We will need basic employer details such as organisation name, location, salary slips and salary account details.

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The loan terms such as amount and repayment date cannot be changed once the loan is approved and disbursed.

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Once a loan is approved and disbursed, it cannot be cancelled. Hence, you would need to repay the amount in full to close the loan.

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Once a loan is approved and disbursed, it cannot be cancelled. Hence, you would need to repay the amount in full to close the loan.

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You can reach out to us on our 24x7 helpline number 1800-572-111111 or drop a mail at support@adanione.com.

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No, there is no need to provide any collateral for Adani One Personal Loans.

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The loan seeker must have a monthly income of ≥₹10000.

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You can get a loan of up to ₹5,00,000 from our lending partners.

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You will get necessary communication regarding your loan application on your phone/email and other channels as shared while applying. If you haven’t received any info, you can also log on to the Adani One website/app to know the status.

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For a successful personal loan, ensure your credit score is more than 750, you have no other active loans, all your bills are paid to date including utility bills, and all your records are updated correctly.

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Post-closing your loan, your lender updates your credit score. Do check back in a few days if it’s done or not.

Your lender will give you a loan closure certificate. Ask for one if not issued.

Some lenders also give a ‘No Objection Certificate’ post-closing a personal loan.

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Personal loans do not offer any tax benefits.

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This option differs from lender to lender. Please check with your lender for the same before making any decisions about foreclosing.

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Other options to get a personal loan without income proof include, using collateral to get a loan, applying with a guarantor or a co-applicant, choosing a loan of higher interest rate, using your credit report, etc.

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Other options to get a personal loan without income proof include, using collateral to get a loan, applying with a guarantor or a co-applicant, choosing a loan of higher interest rate, using your latest credit report, etc. You can also focus towards having a stable income, building a decent bank balance, closing any existing loans and paying all your bills on time to enhance your credit score for future benefits.

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