In today’s fast-paced world, people often require instant cash for various purposes. While traditional banks offer loans, their process can be time-consuming, and not everyone may be eligible for a loan. This is where fintech companies come into play, providing digital solutions to meet the financial needs of individuals. One such fintech company is Kissht, which offers instant loans through its mobile application. In this article, we will review the Kissht app, its features, and explore its pros and cons, along with some alternatives and frequently asked questions.
About Kissht App
Kissht is an Indian fintech company founded in 2015 by Krishnan Vishwanathan and Ranvir Singh. The company’s headquarters are in Mumbai, Maharashtra. It’s primary aim is to provide instant loans to customers through its mobile application, which can be downloaded from the Google Play Store or Apple App Store.
The app provides a seamless experience, with features such as easy EMI options, paperless documentation, and instant disbursal of loans. It offers loans ranging from Rs 3,000 to Rs 5,00,000, with repayment tenures ranging from 3 months to 24 months. Kissht partners with various e-commerce platforms such as Flipkart, Amazon, and MakeMyTrip, offering EMI options to customers for their purchases.
Kissht App Review by Users
While using the Kissht app, we found that it has a user-friendly interface, making it easy for customers to navigate through the app. The app provides a quick and hassle-free way to apply for loans, with minimal documentation required. The app also offers various features such as instant approval, flexible repayment options, and no hidden charges, making it an attractive option for customers looking for quick loans.
One of the unique features of the Kissht app is its tie-up with e-commerce platforms, allowing customers to purchase products on EMI without the need for a credit card. The app also provides the option to convert existing credit card purchases into EMIs, making it a convenient option for customers.
The app’s security features are also commendable, with the company adhering to industry-standard security measures. The app uses SSL encryption to ensure that customer data is secure and not accessible to unauthorized parties.
Pros and Cons
Like any other app, Kissht has its share of pros and cons. Here are some of them:
- Easy Application Process: The app has a simple and straightforward application process, requiring minimal documentation.
- Instant Approval: Customers can get instant approval for their loan applications.
- Flexible Repayment Options: The app offers various repayment options, ranging from 3 months to 24 months, making it convenient for customers to choose a tenure that suits them.
- Tie-up with E-commerce Platforms: The app’s tie-up with various e-commerce platforms allows customers to purchase products on EMI without the need for a credit card.
- No Hidden Charges: The app does not have any hidden charges, ensuring that customers are aware of the exact amount they need to repay.
- High-Interest Rates: The app’s interest rates can be high, making it a costly option for customers.
- Limited Eligibility: The app has limited eligibility criteria, and not everyone may be eligible for a loan.
- Limited Availability: The app is currently only available in India, limiting its reach to customers in other countries.
Alternatives of the App
While Kissht is a popular app in the Indian fintech space, there are several alternatives available to customers. Here are some of the most popular alternatives:
1. MoneyTap: MoneyTap is a Bengaluru-based fintech company that offers instant personal loans. The app provides loans up to Rs 5,00,000, with repayment tenures ranging on customer
2. PaySense: PaySense is another Indian fintech company that offers instant personal loans. The app provides loans ranging from Rs 5,000 to Rs 5,00,000, with repayment tenures ranging from 3 months to 60 months.
3. EarlySalary: EarlySalary is a Pune-based fintech company that provides instant personal loans to customers. The app offers loans up to Rs 5,00,000, with repayment tenures ranging from 3 months to 24 months.
4. KreditBee: KreditBee is an Indian fintech company that provides instant personal loans to customers. The app offers loans ranging from Rs 1,000 to Rs 2,00,000, with repayment tenures ranging from 2 months to 15 months.
5. MobiKwik: MobiKwik is a popular digital wallet and payments platform in India that also offers instant personal loans to customers. The app provides loans up to Rs 1,00,000, with repayment tenures ranging from 3 months to 12 months.
Also read: ETmoney Vs Groww – Which app is better?
Frequently Asked Questions
Is Kissht a safe app to use?
Yes, Kissht is a safe app to use. The company adheres to industry-standard security measures and uses SSL encryption to ensure that customer data is secure and not accessible to unauthorized parties.
What are the eligibility criteria for getting a loan from Kissht?
The eligibility criteria for getting a loan from Kissht include age between 21 and 58 years, a minimum monthly income of Rs 12,000, a valid identity proof, and address proof.
How long does it take to get a loan from Kissht?
Kissht provides instant approval for loan applications. Once the loan is approved, the amount is disbursed to the customer’s bank account within 2 to 3 working days.
What is the maximum loan amount that I can get from Kissht?
Kissht offers loans ranging from Rs 3,000 to Rs 5,00,000, depending on the customer’s eligibility.
Kissht is a popular fintech app in India that provides instant personal loans to customers through its mobile application. The app has a user-friendly interface, easy application process, and offers various repayment options, making it a convenient option for customers. However, the app’s high-interest rates and limited eligibility criteria may not make it the best option for everyone.
Customers can explore other alternatives available in the Indian fintech space before deciding on the best option for their financial needs. Visit ThinkMoneyTrader for more financial bytes like this.