Mumbai Entrepreneur Slams KreditBee For Loan Denial Without Male Guarantor; Check Details

An entrepreneur from Mumbai has criticised KreditBee, a digital lending platform, for rejecting her loan application because she did not have a male co-applicant and guarantor. Yes, you read that right—no matter how capable, driven, or creditworthy you are, institutions like KreditBee have a “strict policy” that blocks your access to funds unless you have a male guarantor,” she wrote in her post on LinkedIn. One internet user wrote, “I've gone through something very similar—I was applying for a housing loan and business loan on different occasions with an excellent credit score, only to be denied by four different banks because I didn't have a male co-applicant. Imagine the frustration and anger- being financially responsible, independent, and creditworthy, yet being told that without a man backing me up, I can't secure a loan,” The user added: “In a generation where women are tirelessly fighting to be independent, it's disheartening to see such outdated and discriminatory policies still in place.” Another comment reads: “Simran Sainani Being a ex-banker myself I can vouch for the cause you are trying to raise here.