Kissht Personal Loan Interest Rates

If you are looking for a quick and convenient way to meet your financial requirements, a Kissht Personal Loan could be an ideal choice. With interest rates starting at 14% p.a., this loan offers a flexible and affordable solution for managing your expenses. However, understanding the associated fees and terms is crucial to calculating the total borrowing cost and making an informed decision. Here’s a detailed overview of the rates and charges to help you plan your finances effectively.

Here are the details of Kissht Personal Loan interest rates and charges:

If you wish to close your loan before the end of the set tenure, here are key charges you should know about:

The following factors may influence the interest rate on your Kissht Personal Loan:

• Income: Having a high and stable income typically assures lenders of your repayment capability. This generally improves your chances of getting low rates and a higher loan amount.

• Employment Stability: Having a long-term, stable employment often results in favourable loan terms

• Credit Score: A higher score can enhance your loan eligibility, helping you get lower interest rates

• Debt-to-Income (DTI) Ratio: A low ratio indicates financial stability and responsible credit behaviour. This generally increases your likelihood of getting better interest rates.

Calculating the EMI for a Kissht Personal Loan is crucial for efficient financial planning. It provides clarity on your monthly repayment commitments, enabling better budget management. The EMI is influenced by factors such as the loan amount, interest rate, and tenure. Here’s an example to demonstrate how EMIs are calculated for a personal loan.

Suppose you take a loan of ₹4 Lakhs at an interest rate of 14% p.a. for a tenure of 24 months. Your estimated EMI would be approximately ₹19,205. Below is a detailed breakdown of the EMI and the interest payable every 6 months as per the loan terms: