KrazyBee Student Credit Platform Buy Now Pay Later

KrazyBee is India's Largest Student Credit Platform that helps college students in India Buy Now Pay Later via a flexible monthly payment plan. With an EMI option for college students, it is our endeavor to bridge the gap between their financial constraints and their dreams. The best part is the student need not have a credit card to make a purchase via KrazyBee.

We offer E-commerce Loans which enable college going students in India to make online purchases on e-commerce platforms. Clothing, accessories and latest electronic gadgets – they are now at the fingertips. We have partnered with many leading brands such as Amazon, Flipkart, Xiaomi and Lenovo. We offer Amazon and Myntra Gift Cards as well.


a. Hassle-free financing with doorstep delivery of products
b. Buy now, pay later in easy student EMIs
c. Minimal documentation, down payment and processing time
d. Partnerships with leading brands

Benefits & Risks
1. Get access to higher amounts and tenures by repaying on time
2. As compliance requirement your payment behaviour is shared with credit rating agencies; based on your payment behaviour your credit score may increase/decrease


1. You must be a college student over 18 years of age
2. You must be enrolled in a full-time degree course (non-Diploma)
3. Your college must be listed in our approved set of colleges and must be in a city where we currently have operations
4. You must have a minimum of 3 months left until your graduation date

Documents required

You need the following documents to register on the KrazyBee student credit platform:
a. Valid and current College ID Proof (College ID card)
b. Address & ID Proof (Masked e-Aadhaar/Aadhaar/Voter ID/Driving License/Passport)
c. Signature on the loan facility agreement

How it works

a. Download the KrazyBee College Student App
b. Upload verification documents
c. Complete a one-time video verification and sign the loan agreement online
d. Share the product from your e-commerce platform to the KrazyBee app, or select the item you want to purchase directly on the KrazyBee app
e. Make a minimal down payment once your order is approved

Amount, Tenure, Fees and Charges

Loans range from ₹1,499 to ₹50,000 with payment tenures of 3 to 12 months. Interest rates range from 0%-36% with equivalent monthly interest rate of 0%-3% only. A small processing fee is charged for the loans which ranges from 0.1%-5% of the principal. The charges and repayment tenures vary based on the risk profile of the users.
Penalty is charged only when someone delays their scheduled payment.

The APR for different products is separate as per the risk profile of the customers. The APR for loan products: low risk customers is 18%-24%, medium risk customers is 24%-38%, high risk customers is 30%-40%* and very high-risk customers is 36%-66%*.

In addition to it, GST will be applicable only on the fee components as per Indian laws.

*The higher charges are only for loans of lower amount and lower repayment tenure.


A medium risk E-commerce Loan customer can avail a loan of ₹9,999 at an interest rate of 36% and processing fee of ₹50 for a period of 9 months. This translates to an APR of 36.67%.

Interest Calculation

If loan amount is ₹20,000 & interest is 36% per annum; and the loan is to be repaid over 6 EMIs, then the overall interest payable is ₹2,152 only. The EMI per month would be ₹3,692 only.

Our Locations

We are operational in following cities: Bangalore, Bhopal, Chennai, Mysuru, Pune, Vellore, Hyderabad, Coimbatore, Vijayawada, Visakhapatnam, Guntur, Warangal.

Contact Us

For any support - Call us at 08044292222 or email at


The Royal Stone Park, 3rd Floor, No. 100, Above Honda Showroom, Sakshi Nagar, Pai Layout, Bennigana Halli, Bengaluru, Karnataka 560016
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Additional Information

January 2, 2020
Current Version
Requires Android
4.1 and up
Content Rating
Offered By
Finnovation Tech Solutions Pvt Ltd
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