Kissht app provides Instant Line of credit and allows small shop owners to receive and make payments through QR code and avail instant loans ranging from ₹ 10,000/- to ₹ 1,00,000/- basis their credit profile. APR varies from 14% - 28% per annum and loan tenure from 3 to 24 months.
Example of Credit for Small Business Purchases
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.
APR: 22.91%.
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 app that offers instant QR based credit to small merchants to purchase their day-to-day inventory and grow their business. Small business owners can scan & pay utility bills such as electricity bills, DTH & Gas Bills, Fast Tag, post-paid bills & can access money on credit anytime in the form of cash in their account or by scanning QR to pay any vendor.
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Types of Instant Line of Credit Offered by Kissht
1. Revolving line of credit: Kissht offers quick line of credit for salaried individuals. The loan amount ranges up to ₹30,000 with tenure from 3 to 15 months, based on the individual's credit profile and APR is between 16% and 26%. Customers can repay and reuse the credit line limit for next 2 years, till the customer. To incentivize better credit behavior, the customer is offered a reduction in fees and waiver on instalments upon timely repayments.
2. Instant credit to small business purchases: Kissht works with multiple RBI registered NBFC's for providing loans to small merchants. Facing last-minute expenses or working capital requirements, shortfall of cash to stock up inventory or regular expenses such as salaries/bill payment? opt for kissht loans from ₹10,000 to ₹1,00,000 disbursed into your account at easy and affordable interest rates ranging from 15% to 25% p.a. and processing fee in a range of 2% to 5% for the tenure up to 24 months
*Interest Rate and fees vary based on customer's current risk profile
1. Revolving Line of Credit: Salaried customer can avail quick personal loan of ₹30,000 at interest rate of 18% with processing fee of ₹750 for 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. Instant line of credit to small business: Self-employed can avail a credit line of
₹1,00,000 for a period of 2 years. Over 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%.
Top categories & Small Businesses who have benefited and availed instant line of credit from Kissht
Credit line for Kirana Shop, Medical Store
Instant loan for Hardware stores and Electronics Shops
Quick Cash Bakery, Snacks & Juice Shops
Instant Cash Street vendors, Fruits & Vegetable shops
Small business loan for Garments & tailor shop
Payment of bills by small business owners to Stockist, Electricity bills, rent
How to apply for kissht credit line
1. Install Kissht app
2. Register with mobile number & accept basic permissions
3. Submit KYC documents for instant credit check
4. Sign online loan agreement from approved NBFCs5. Get instant loan approval and money is transferred to your bank account
Why Choose Kissht for Line of Credit
✔ Low-interest rates and processing fees
✔ Online personal loan approval in just 5 minutes
✔ No collateral & credit card required
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