Description of Instant Emi Shopping Personal Loan App Kissht Apk
Kissht app provides quick personal loan, online shopping loan, and revolving line of credit from ₹ 10,000/- to ₹ 1,00,000/- basis your credit profile. APR varies from 14% – 28% per annum and loan tenure from 3 to 24 months.
Example of Quick Personal Loan (for both individual and group loan):
Loan amount (Principal) : ₹ 30,000.
Tenure: 12 months.
Interest Rate: 18% per annum.
Processing Fee (incl. GST): ₹ 750 (2.5%).
Total Interest: ₹ 3,005.
EMI: ₹ 2,750.
Loan amount is ₹ 30,000. Disbursed amount is ₹ 29,250.
Total loan repayment amount is ₹ 33,000.
Total Cost of the Loan = Interest Amount + Processing Fees = ₹3005 + ₹750 = ₹3755.
Kissht is India’s quickest credit loan app that provides EMI without credit card for online purchase and also a revolving line of credit at low interest rate with zero collateral. All credit loans approved by NBFCs registered with RBI and communicated to users during online loan applications.
✅Personal loan and Line of credit for salaried and self-employed above 21 years of age. Minimum salary = ₹12,000 for quick loan approval
Types of Personal Loans offered by Kissht loan app
1. Online Shopping Purchase Loan: Kissht provides online shopping option where one can avail e-vouchers from Kissht. Vouchers can be used to purchase on partner platforms like Flipkart, Amazon. Repay in 3 to 24 months with a 0% interest rate.
2. Quick Personal Loan: Kissht loan app offers quick personal loans for salaried & self-employed. Offered to both individuals and group. The loan amount ranges from ₹5,000 to ₹1,00,000/- with tenure from 3 to 15 months, based on the individual’s credit profile and APR is between 16% and 26%.
3. Revolving line of credit upto 2 years: Kissht offers revolving credit line where customer can repay and reuse the credit line limit for next 2 years, till the customer is paying on time. To incentivize better credit behavior, the customer is offered reduction in fees and waiver on instalments upon timely repayments. The customer can avail revolving credit line limit up to ₹30,000. APR is between 20% and 28%.
*Interest Rate and fees vary based on customer’s current risk profile
Examples of EMI, Fees, Interest rates for quick credit products offered by Kissht loan app
1. Quick Personal loan and Group loan: Salaried customer (low risk) avail quick personal loan of ₹30,000 at an interest rate of 18% with a processing fee of ₹750 for a tenure of 12 months. APR is 22.91%.
Loan amount (Principal): ₹30,000; Interest Rate: 18% per annum; Tenure: 12 months
Interest Payable: ₹3,005,
EMI: ₹2,750 per month,
Total Repayment Amount: ₹33,000.
2. Online Shopping Purchase loan: For customer buying a Flipkart e-voucher for ₹20,000 at 0% interest rate per annum & tenure of 12 months, Processing fee: ₹500. EMI amount: ₹1666/month. APR offered is 0%. Total Repayment Amount ₹20,000
3. Revolving Line of Credit: A good self-employed customer can avail a creditline of 25,000 for a period of 2 years. Over a two-year period, the total fees (includes processing fees and one-time initiation fee) charged is 9%. The interest rate is 18% per annum APR for the revolving credit line is 27.54%.
How to apply for online personal loan and credit line
1. Install Kissht loan app
2. Register with mobile number & accept basic permissions
3. Submit KYC documents for instant credit check
4. Sign online loan agreement from approved NBFCs
5. Get instant loan approval and money is transferred to your bank account
Why Choose Kissht for Quick Personal Loan and Line of Credit
✔ Approval from RBI-registered NBFCs
✔ Low-interest rates and processing fees
✔ Online personal loan approval in just 5 minutes
✔ No collateral & credit card required
Our contact details:
1. Call- 022 62820570
2. WhatsApp- 022 48913044
3. Email- [email protected]
2nd Floor, Der Deutsche Parkz, Nahur West, Mumbai, Maharashtra – 400078