RBI-registered NBFC loan app in India for EMI Shopping and Instant Personal Loan
Kissht is India’s most trusted credit platform, backed by an RBI licensed NBFC, providing hassle-free personal loans up to ₹2,00,000. The documentation needed is minimal and the entire process starting from registration to disbursement takes an average of 5 minutes. The application process is 100% digital and on approval, the funds are immediately transferred to the applicant’s bank account. APR for personal loans and purchase financing varies from 18% – 36% per annum and loan tenure up to 24 months.
Example of Credit for Small Business Purchases
Loan amount (Principal): ₹ 1,00,000.
Tenure: 12 months.
Interest Rate: 30% per annum.
Processing Fee (incl. GST): ₹ 3000 (3%).
Total Interest: ₹ 16,985.
EMI: ₹ 9747.
APR: 36.86%.
Loan amount is ₹ 1,00,000.
Disbursed amount is ₹ 97,000.
Total loan repayment amount is ₹ 1,16,985.
Total Cost of the Loan = Interest Amount + Processing Fees = ₹16,985 + ₹3000 = ₹19,985.
You can also top-up your loan with additional credit at any time. Your existing loan will be foreclosed at ZERO cost and you will avail a higher amount, payable over a longer tenure.
We work with RBI-registered NBFCs.The NBFCs are as follows:
-Si Creva Capital Services Pvt Ltd
-MAS Financial Services Ltd
-Poonawalla Fincorp Limited
-Northern Arc Capital Ltd.
-Piramal Capital & Housing Finance Ltd.
How to apply for Kissht instant loan
1. Install Kissht app
2. Register with a mobile number & accept basic permissions
3. Submit KYC documents for an instant credit check
4. Sign online loan agreements from approved NBFCs. Get instant loan approval and money is transferred to your bank account.