Kissht Personal Loan 2023: Kissht is a popular online lending platform that offers personal loans to Indian borrowers. The company is known for its quick and easy application process, competitive interest rates, and flexible repayment terms.
In this blog post, we will discuss how to get a Kissht personal loan in 2023, as well as the benefits, charges, and interest rates associated with these loans. We will also cover the EMI repayment process.
What is Kissht App?
Kissht is a digital lending platform that offers personal loans, instant line of credit, and credit for small business purchases to Indian borrowers. The company was founded in 2015 and is headquartered in Mumbai, India.
Kissht is a popular choice for borrowers looking for a quick and easy way to get a loan. The company has a quick and easy application process that can be completed online or through the app. Kissht also offers competitive interest rates and flexible repayment terms.
In addition to personal loans, Kissht also offers an instant line of credit. This is a revolving credit facility that you can use to make purchases online or offline. The line of credit is linked to your Kissht app and you can use it to make purchases at any merchant that accepts Mastercard.
Kissht also offers credit for small business purchases. This is a loan specifically designed for small businesses. The loan can be used to purchase inventory, equipment, or other business expenses.
Kissht is a reliable and trustworthy lender with a good reputation. The company is backed by an RBI-registered NBFC and has a customer satisfaction rating of 4.5 out of 5 stars on Google Play.
Kissht Personal Loan Benefits
Kissht is a digital lending platform that offers personal loans to individuals. Here are some of the benefits of taking a personal loan from Kissht:
- Quick and easy application process: You can apply for a Kissht personal loan online or through the Kissht app. The application process is simple and can be completed in a few minutes.
- Flexible loan amount and tenure: Kissht offers personal loans of up to Rs. 5 lakhs with a repayment tenure of up to 36 months. This gives you the flexibility to choose a loan amount and tenure that suits your needs.
- Low interest rates: Kissht offers competitive interest rates on personal loans. The interest rate you will be offered will depend on your credit score and other factors.
- Zero processing fees: Kissht does not charge any processing fees for personal loans. This means that you can avail a personal loan from Kissht without having to pay any hidden charges.
- Easy repayment options: Kissht offers a variety of repayment options for personal loans. You can choose to repay your loan through EMIs, lump sum, or even through your debit or credit card.
- 100% digital process: The entire process of applying for and getting a personal loan from Kissht is 100% digital. This means that you can apply for a loan from the comfort of your home without having to visit a bank or NBFC.
- Zero foreclosure charges: You can foreclose your Kissht personal loan at any time without having to pay any foreclosure charges.
- Free Kissht EMI Card: Kissht offers a free Kissht EMI Card to all its personal loan customers. This card can be used to make purchases at all major merchants across India.
- Earn discounts on referrals: You can earn discounts on the processing fees of your next purchase on the Kissht app by referring your friends and family.
Kissht Personal Loan Eligibility
- You must be a citizen of India.
- You must be at least 21 years old.
- You must have a minimum monthly income of Rs. 12,000.
- You must have a minimum credit score of 700.
- You must be employed with a regular income.
- You must have a valid PAN card and Aadhaar card.
- You must submit KYC documents.
Kissht also offers personal loans to self-employed individuals, but the eligibility criteria are more stringent. Self-employed individuals must have a minimum annual income of Rs. 1.2 lakh and a minimum credit score of 750.
Once you have met the eligibility criteria, you can apply for a Kissht personal loan through the Kissht app. The application process is quick and easy, and you can get an instant approval and disbursal of funds.
Kissht Personal Loan Required Documents
- KYC documents:
- Aadhaar card
- PAN card
- Proof of income:
- Salary slips for the last 3 months (if salaried)
- Business income tax returns for the last 2 years (if self-employed)
- Bank statement:
- Bank statement for the last 3 months
- A recent passport-size photograph
Kissht Personal Loan Apply Online
Follow the steps to apply for a Kissht personal loan online:
- Go to the Kissht website or download the Kissht app.
- Click on “Apply for loan“.
- Enter your personal information, such as your name, address, and contact details.
- Enter your income details, such as your salary or business income.
- Select the loan amount and tenure that you want.
- Upload your KYC documents.
- Upload your proof of income.
- Upload your bank statement.
- Upload your photograph.
- Click on “Submit“.
Kissht will review your application and will either approve or reject it within a few minutes. If your application is approved, the funds will be disbursed to your bank account within 24 hours.
Kissht Personal Loan Interest Rate
The interest rate for a Kissht personal loan ranges from 14% to 28% per annum, depending on your credit score, income, and loan amount. Kissht also charges a processing fee of 2.5% and GST.
Kissht Personal Loan Customer Care Number
If you encounter any issues, resolution is available through customer care communication, WhatsApp chat, or email correspondence.
Email: [email protected]
Location: 2nd Floor, Der Deutsche Parkz, Nahur West, Mumbai, Maharashtra – 400078
Is Kissht Loan App RBI Registered?
Yes, Kissht Loan App is RBI registered. It is operated by ONEMi Technology Solutions Private Limited, which is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI).
The RBI registration number of ONEMi Technology Solutions Private Limited is RBI-NBFC-IND-666. You can verify this information on the RBI website.
Kissht is a legitimate lender and its loans are regulated by the RBI. However, it is important to shop around and compare interest rates from different lenders before you apply for a Kissht loan. You should also make sure that you can afford the monthly repayments before you take out a loan.
Who is the owner of Kissht loan?
The owner of Kissht loan is ONEMi Technology Solutions Private Limited. It is a fintech company that was founded in 2015 by Karan Mehta and Krishnan Vishwanathan. Kissht offers a variety of financial products, including personal loans, online purchase loans, and revolving line of credit. The company is headquartered in Mumbai, India.
Brief overview of the founders of Kissht:
- Karan Mehta is the CEO and co-founder of Kissht. He has over 15 years of experience in the financial services industry. He previously worked at Citibank and Standard Chartered Bank.
- Krishnan Vishwanathan is the CTO and co-founder of Kissht. He has over 10 years of experience in the technology industry. He previously worked at Google and Amazon.
Kissht has raised over $100 million in funding from investors such as Sequoia Capital India, Tiger Global Management, and Accel Partners. The company has grown rapidly in recent years and is now one of the leading fintech companies in India.
Is kissht loan app banned?
No, Kissht Loan App is not banned in India. It was briefly banned in February 2023, along with 231 other apps, but the ban was lifted a few days later. The ban was reportedly lifted after representations were made by the companies affected.
Kissht Loan App is a legitimate lending app that is regulated by the Reserve Bank of India (RBI).
Kissht Loan App Stats
Q. What is the interest rate for Kissht loans?
The interest rate on Kissht loans ranges from 14% to 28% per annum, depending on your credit score, income, and loan amount.
Q. How much can I borrow with a Kissht Personal Loan?
The maximum amount you can borrow with a Kissht Personal Loan is Rs. 5 lakh.
Q. What is the repayment tenure for Kissht Personal Loan?
The repayment tenure for Kissht Personal Loan is between 6 months and 36 months.
Q. What are the fees associated with Kissht Personal Loan?
Kissht Personal Loan has a processing fee of 2% of the loan amount. There is also a late payment fee of Rs. 500 per EMI.
Q. How do I apply for a Kissht Personal Loan?
You can apply for a Kissht Personal Loan online or through the Kissht app. You will need to provide your personal details, income details, and bank account details.
Q. What happens if I default on my Kissht Personal Loan?
If you default on your Kissht Personal Loan, you will be charged a late payment fee of Rs. 500 per EMI. Your credit score will also take a hit, which could make it difficult to get a loan in the future.
Q. Can I prepay my Kissht Personal Loan?
Yes, you can prepay your Kissht Personal Loan without any penalty. This can save you money on interest charges.
Q. What is the legal name of Kissht?
The legal name of Kissht is Onemi Technology Solutions Private Limited.
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