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Kissht, a well-known NBFC, delivers competitive interest rates and convenient repayment terms for your personal and business loans. Their instant personal loans are attracting a lot of people who are in urgent need of funds. Kissht has multiple financing partners that make it easy for it to offer instant loans to its customers.
Kissht can give your loan a boost! Apply for a top-up and get more cash at a great rate starting from 14% per annum.
About Rs 5000 Personal Loan
- Kissht Personal Loan Highlights
- Kissht Personal Loan Eligibility Criteria
- Kissht Personal Loan Interest Rate
- Kissht Personal Loan Fees And Charges
- Kissht Personal Loan Documentation Requirements
- Kissht Personal Loan Online Application Process
- Major Benefits of Kissht Personal Loan
- Frequently Asked Questions
Kissht Personal Loan Highlights
Feature | Description |
|---|---|
App Availability | Android devices only |
Loan Amount | ₹30,000 - ₹5,00,000 |
Disbursement Time | 5 minutes |
Process | 100% Digital, Zero Physical Documentation |
Loan Transfer | Directly to your bank account |
Top-Up Loans | Up to 36 months |
Up to 36 months | Minimal |
Application Process | 1. Download & Sign-Up, 2. Upload Documents, 3. Apply for Loan, 4. Loan Disbursal |
Reasons for Popularity | Multi-Purpose Loans, Flexible Tenure, Multiple Repayment Options, 100% Digital Process |
Kissht Personal Loan Eligibility Criteria
Basic Requirements
- Age: Between 18 and 60 years old
- Employment: Salaried or self-employed individual
- Location:Resident of India
Income Requirements
- Salaried individuals: Minimum monthly income of ₹15,000
- Self-employed individuals: Minimum income of ₹1,20,000 yearly
Note:Kissht might evaluate factors like your credit score and job security when reviewing your loan application.
Kissht Personal Loan Interest Rate
Interest Rate |
|
Processing fees | Up to 6% of the loan amount |
Kissht Personal Loan Fees and Charges
When you apply for a Kissht credit line, you'll need to pay some fees. Here are the main ones:
- Processing Fee: A fee of up to 6% of the loan amount is charged to process your application.
- Late Payment Charges: You'll pay a fee if you're late with your payments.
- EMI Bounce Charges: A fee may be charged if your EMI payment bounces due to insufficient funds.
- Legal and Recovery Charges: Legal fees may apply if Kissht needs to take legal action to recover the loan.
Kissht Personal Loan Documentation Requirements
Minimum Required Documents:
- Selfie
- PAN Card
- Aadhaar Card (Address Proof)
Additional Documents (May be Required):
- Income Proof (Bank Statement): Only required for some high-value loans, depending on the customer's credit profile. Can be submitted by linking the bank account or via PDF.
- Other Documents (if applicable): Kissht may request additional documents based on individual circumstances.
Important Notes:
- Digital KYC: For most customers, only the Aadhaar Card and PAN Card are needed to complete the digital KYC process.
- No Security or Guarantor: Kissht loan does not require any security or guarantor for personal loans.
- PAN Card Requirement: A valid PAN Card is a mandatory document for all loan applicants.
- Aadhaar Card Requirement: A valid Aadhaar Card is mandatory for most loan applications.
- Re-submission of Documents: Once you take a loan, you generally don't need to resubmit documents for future loans. However, periodic KYC verification may be required as per applicable laws.
- Income Proof: If required, you can submit the bank statement from any active bank account with the highest balance and maximum transactions.
Kissht Personal Loan - Online Application Process
1. Gather Documents:Have your PAN card and Aadhaar card ready, along with the other documents mentioned above.
2. Download and Apply:
- Access the Kissht Personal Loan app and then tap the "Apply Now" button to initiate your loan application.
3. Verify and Continue:
- Verify your KYC documents using DigiLocker.
- Immediately enter the verification code sent to your Aadhaar-registered mobile.
- Upload your selfie.
- Enter your PAN number.
- Provide personal details like your father's name, marital status, and employment status.
4. Give Consent and Continue:
- Agree to CKYC.
- Enter your address details.
- Confirm your communication address.
- Review your approved credit limit and then hit the "Proceed" button.
- Link your salary account and verify your income to possibly increase your credit limit.
5. Select Bank and Verify:
- Choose your bank.
- Fill in your bank account details, including the IFSC code, account number, and account holder name.
- Confirm and set up auto-debit for your loan instalments.
6. Receive Funds: After verification, the loan amount will be transferred to your bank account within a few hours.
Major Benefits of Kissht Personal Loan
- Instant Disbursement: Enjoy quick disbursement of your loan, under 5 minutes of approval.
- 100% Digital Process: Experience a hassle-free application process with no physical documentation required.
- Flexible Tenure: Choose a repayment term that suits your financial needs, up to 36 months.
- Top-Up Loans: Get additional credit on your existing loan with minimal processing fees.
- Minimal Documentation: Provide basic documents like PAN and Aadhaar card.
- No Security or Guarantor: No collateral or co-signer is required.
- Multiple Repayment Options: Choose from various repayment methods to fit your budget.
- Multi-Purpose Loans: Use the funds for any personal need, such as medical expenses, home renovations, travel, or debt consolidation.
- Customer-Centric Service: Benefit from a user-friendly app and responsive customer support.
Frequently Asked Questions
1. What is the interest rate for Kissht loans?
Kissht loan interest rates start at 14% per annum and go up to 36% per annum. When borrowing for a period shorter than 6 months, the interest rate may be as high as 45% per year.
2. What is the maximum loan amount for Kissht?
The maximum loan amount offered by Kissht is ₹5,00,000.
3. What are the eligibility criteria for Kissht?
To be eligible for a Kissht personal loan, you must be a resident of India, aged between 18 and 60, and have a minimum monthly income of ₹15,000 if salaried or a minimum yearly income of ₹1,20,000 if self-employed.
4. How long can I borrow money from Kissht?
The longest you can repay a Kissht personal loan is 2 years.
5. How do I apply for a Kissht Personal Loan?
Download the Kissht app and follow the application steps. You'll get an update within 5 minutes.
Disclaimer:This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
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