Kissht Personal Loan EMI Calculator

This calculator provides instant results based on simple and easily accessible information such as your tenure, interest rate, and loan amount. Before you apply for a personal loan, it is important that you use an EMI calculator to make a calculated and informed financial decision.

When you apply for a Kissht Personal Loan, you need to understand your monthly obligation, known as EMI. An EMI consists of:

• The principal amount (the amount you have borrowed)

• The interest amount charged over the loan tenure

This EMI needs to be paid on a monthly basis for the duration of the tenure that you have opted for. Ensure that you do not default on any payments, as it can have a negative impact on your CIBIL score. To know your EMI, you can use the Kissht Personal Loan EMI Calculator. Additionally, you also have the option to download the loan amortisation schedule, which provides a thorough breakdown of your financial obligation.

The Kissht Personal Loan EMI is calculated using a simple-to-understand formula that helps you determine your fixed monthly instalments. The formula is based on three factors:

• Principal Amount (P): The amount of money that you have borrowed from the lender

• Interest Rate (R): The annual interest rate being offered to you. You can multiply this percentage by 12 to get the monthly interest rate

• Tenure (N): The total number of months or years you take to repay the loan

Your EMI is calculated using the following formula:

EMI = P x R x (1 + R)N / (1 + R)N-1

Where:

• P = Principal amount

• R = Monthly interest rate

• N = Tenure in months

Example Calculation:

Here is the EMI table based on a 14% annual interest rate and a 24-month tenure for loan amounts up to ₹4,00,000:

Several key factors impact the EMIs of your Kissht Personal Loan. Understanding these factors can help you plan your finances better and make an informed decision:

Loan Amount

If you have opted for a large loan amount, your EMIs will be higher, meaning you will have a sizeable financial obligation every month.

Interest Rate

The interest rate affects your EMI. A lower interest rate reduces your overall repayment burden, whereas a higher rate increases it.

Tenure

Your personal loan tenure determines the EMI you will be paying. A shorter tenure increases your EMIs but reduces the total interest paid over time. Conversely, a longer tenure results in smaller EMIs but increases the overall interest cost.

CIBIL Score

Lenders check your CIBIL score to assess your creditworthiness. A score above 750 improves your chances of getting better loan terms.

Type of Interest Rate

A personal loan typically comes with two types of interest rates, and you may be able to choose the one that best suits your budget. Loans with a fixed interest rate have the same EMI throughout the tenure. In contrast, loans with a floating interest rate may have EMIs that fluctuate based on prevailing market conditions.

Prepayment or Foreclosure

Making prepayments can reduce your outstanding loan balance, thereby lowering EMIs. However, certain lenders impose prepayment charges, so reviewing the terms beforehand is essential.

You can pay your Kissht Personal Loan EMI through multiple secure and convenient methods, ensuring that your payments are made on time. Here are the available options:

Pay via the Kissht Mobile App

You can pay your Kissht Personal Loan EMI directly through the Kissht mobile app using a payment method of your choice:

• UPI: Pay via popular UPI apps such as Google Pay, Paytm, Cred, Amazon Pay, etc

• Debit Card: Pay your EMI using your bank-issued debit card

• Net Banking: Use your bank’s Net Banking facility or mobile banking app to make the payment

Auto-debit Facility

If you have a long-term loan, you can set up an auto-debit facility for hassle-free payments:

E-NACH (Electronic National Automated Clearing House)

This auto-debit facility is linked to your savings account, ensuring your EMI is automatically debited every month on the predetermined due date.

UPI-Autopay

You can also set up an auto-debit facility using your UPI-linked bank account to automate EMI payments in a timely and organised manner

Manual Payment Methods

UPI Collect

A UPI collect request will be sent to your registered UPI app, and you will need to accept the request to complete the payment.

NEFT/IMPS 

You can transfer your EMI amount using NEFT/IMPS directly to your loan account’s unique virtual account number.

BBPS (Bharat Bill Pay System)

You can pay your EMIs through the Bill Payment section available in third-party applications such as Google Pay, Paytm, and Amazon Pay. Simply search for ‘KISSHT’ or ‘RING’, enter your registered mobile number and date of birth, and proceed with the payment.

Web Payment

You can visit the Kissht website and click on the ‘Pay Now’ button on the homepage. You will need to enter your registered mobile number to proceed with the payment.

UPI Payment via Virtual VPA ID

You can transfer your EMI amount using your linked UPI account to your loan’s dedicated Virtual VPA ID.