Bajaj Finserv vs KreditBee vs 0% EMI Shopping App: Loan and Credit Apps Compared

Bajaj Finserv holds an active RBI prepaid instrument issuer licence, while KreditBee and 0% EMI Shopping App do not match on the registers we check. All three apps require permission to read your text messages and contacts. See how their processing fees, late penalties and user complaints compare.

By Qrates research desk · 2026-10-27

Bajaj Finserv holds an active RBI prepaid instrument issuer licence, while KreditBee and 0% EMI Shopping App do not match on the registers we check (Qrates directory). All three apps ask for permission to read your text messages, contacts, phone identity, and location before you can use them. Users report credit report problems across all three platforms, with 0% EMI Shopping App seeing the highest rate of these complaints in recent reviews.

At a glance: Bajaj Finserv vs KreditBee vs 0% EMI Shopping App

You can check the latest figures on the Qrates pages linked above to see how these apps change over time. The table below shows the core differences in licences, ratings, and what goes wrong.

Feature	Bajaj Finserv	KreditBee	0% EMI Shopping App
Publisher	Bajaj Finance Limited	Finnovation Tech Solutions Pvt Ltd	Snapmint
Licence	Active RBI prepaid instrument issuer	None matched on registers we check	None matched on registers we check
Google Play rating	4.74 (10 crore+ installs)	4.61 (10 crore+ installs)	4.58 (5 crore+ installs)
Recent review average	3.16 (last 90 days)	3.85 (last 90 days)	2.99 (last 90 days)
Most raised problem	Credit report problems	Credit report problems	Credit report problems

RBI registration and phone permissions

Checking the official registers

Bajaj Finance Limited holds an active RBI prepaid instrument issuer licence. It also holds an unverified IRDAI corporate agent licence under the number CA0101 (Qrates directory). This means a central regulator oversees its primary payment functions.

For KreditBee and 0% EMI Shopping App, we could not match a licence on the RBI, SEBI, or IRDAI registers we check. You can learn how to check if a loan app is RBI registered step by step to ensure you are dealing with a legitimate lender. KreditBee is published by Finnovation Tech Solutions Pvt Ltd, and 0% EMI Shopping App is published by Snapmint. Always check the exact company name on the RBI register before taking a loan.

What these apps read on your phone

Before you can take an instant personal loan or secure a credit limit approval, all three apps require deep phone access. They use this data to build a profile of your financial habits and contacts.

Google Play data shows Bajaj Finserv, KreditBee, and 0% EMI Shopping App all request permission to read your text messages, read your contacts, read phone identity, record audio, and see your location. You cannot install and use these apps without handing over this data. If you are concerned about app permissions, you might want to compare money apps side by side to see how different platforms handle user data.

The reality of 0% EMI and processing fees

How no-cost EMIs actually work

Buy now pay later apps and 0 EMI shopping apps without a credit card often charge a processing fee upfront. The lender deducts this fee from your loan amount before sending money to your bank account. Sometimes they add it to your first repayment bill instead.

This means a zero percent interest loan still carries a cost. You pay for the service through these flat fees rather than a monthly interest rate.

Taxes and extra costs

The government applies an 18 percent GST on processing fees and annual maintenance fees. This mandatory tax increases your final cost before you even make a purchase.

In recent Google Play reviews, 4 out of 400 Bajaj Finserv users complained that the product costs more than advertised (Qrates directory). Users also report being pushed into things across all three apps. This aggressive selling appears in 9 of 399 reviews for 0% EMI Shopping App, and 5 of 400 reviews for both Bajaj Finserv and KreditBee.

Missed payments, credit reports and recovery agents

Impact on your CIBIL score

Missing a payment directly hurts your credit score. Credit report problems are the most common complaint for 0% EMI Shopping App, showing up in 20 of 399 recent reviews (Qrates directory).

KreditBee users raised this exact issue in 10 of 400 reviews. Bajaj Finserv users also flag credit report problems in 5 of 400 reviews. A damaged credit report makes it harder to get a home loan or credit card later. If you are worried about your financial standing, you can monitor your status using various credit score apps.

Late payment penalties

Missing a payment triggers a late payment penalty on your account. This process is governed by the 2026 RBI penal charge rules.

These rules require lenders to apply a flat penalty charge for late payments. Lenders cannot compound interest on late fees under these new guidelines. You still owe the penalty, but the debt will not spiral out of control through interest on interest. If you feel a lender has violated these rules, you can file a complaint to the RBI Ombudsman for resolution.

Recovery agent complaints

When payments are missed, lenders deploy agents to recover the money. KreditBee users report issues with recovery agent behaviour in 8 of 400 recent reviews (Qrates directory).

If you need help with a loan issue, 0% EMI Shopping App users report that nobody answers in 7 of 399 reviews. Despite this, the app replies to 100 percent of one and two-star reviews on the store. Bajaj Finserv and KreditBee both reply to 99 percent of their negative reviews.

Who each one suits, by need

If an RBI-registered NBFC matters to you, note that Bajaj Finserv holds an active RBI prepaid instrument issuer licence. We could not match one for KreditBee or 0% EMI Shopping App on the registers we check.
If fast money arrival matters to you, note that Bajaj Finserv (7 of 300 App Store reviews) and KreditBee (5 of 400 Google Play reviews) are praised for this.
If app usability matters to you, note that KreditBee is praised as easy to use in 22 of 400 reviews. This compares to 5 of 399 for 0% EMI Shopping App and 3 of 300 for Bajaj Finserv.
If avoiding recovery agent complaints matters to you, note that KreditBee has 8 such complaints in 400 recent reviews. The other two apps do not list this in their top three complaints. You can explore other loan and credit apps to see which ones have better user feedback.

FAQs

KreditBee RBI registered hai ya nahi?

We could not match a licence for KreditBee on the RBI, SEBI, or IRDAI registers we check (Qrates directory). The app is published by Finnovation Tech Solutions Pvt Ltd.

What are the hidden charges in Bajaj EMI card?

Users often pay a processing fee and an annual maintenance fee. The government adds an 18 percent GST to all of these fees. In recent reviews, 4 out of 400 users complained that the product costs more than advertised.

Is KreditBee safe to use?

KreditBee asks to read your text messages, contacts, phone identity, location, and record audio (Qrates directory). In recent store reviews, users flag credit report problems (10 of 400) and recovery agent behaviour (8 of 400).

0 EMI shopping app without credit card kaun sa hai?

Snapmint publishes the 0% EMI Shopping App for users who want to buy in instalments without a credit card. It has over 5 crore installs on Google Play. We could not match a regulatory licence for it on the registers we check.

Bajaj Finserv EMI card block kyu hota hai?

Cards are typically blocked if you miss a payment or your CIBIL score drops. Missing payments triggers late penalties under the 2026 RBI penal charge rules. Credit report problems are a top complaint, appearing in 5 of 400 recent Bajaj Finserv reviews.

The short version

Bajaj Finserv holds an active RBI prepaid instrument issuer licence.
We could not match a licence for KreditBee or 0% EMI Shopping App on the registers we check.
All three apps require permission to read your text messages, contacts, location, and phone identity.
Credit report problems are the most raised complaint across all three apps.
KreditBee users also report issues with recovery agent behaviour when payments are missed.

Sources

Disclaimer

Qrates is an information directory. It takes no commission from any company listed and does not recommend products. Figures are taken from the sources named and dated, and they change; check the company's own page before you decide. This is not investment, credit, insurance or tax advice for your situation.