Is Kissht Approved by Rbi? How to Check Kissht Loan Limit
Looking for a loan? If you have a great CIBIL score, you can easily get it as a plethora of lending apps are available in the digital market today. But wait, you need to check the credentials of the platform before start borrowing.
Borrowing money has become much easier nowadays with the introduction of digital lending apps. Leading FinTech platforms like Kissht Loan provide seamless and instant digital money lending services. Due to the ease and speed with which these financial technology solutions providers disburse digital loans to small merchants and other users, people love to make transactions with them. Although it is equally important for the app users to know their rights to avoid being exploited.
Make sure that the App is approved by RBI
Borrowers often face numerous problems when they don’t act smart and ignore enquiring about some primary concerns or the norms/guidelines set by RBI. RBI registration ensures the authentication of a digital lending app.
Why choose only a lending app registered under RBI?
RBI has set strict guidelines for digital lending apps to secure the financial rights of borrowers. Hence, when a borrower smartly chooses an RBI-registered app like Kissht, it gets the assurance of transparency during the entire borrowing process. RBI-licensed lenders are bound by privacy rules set by RBI and therefore, provide the best possible borrowing experience for everyone. Apart from that, checking Kissht reviews can help digital borrowers to know whether the platform is credible or not.
Hence, it is vital for all digital borrowers to check reviews and ratings and make sure that the digital app they are using is approved by RBI.
Why it is important to check costs and fees?
It is important for digital borrowers to remain alert and collect details about the costs attached to their digital loans. According to Kissht News, users often miss out on collecting this important information and suffer higher interest rates later on. RBI-licensed digital lending apps like Kissht allows all their users to read every piece of information attached to the costs and fees related to their digital loans.
Apart from that, users should also need to know what types of loans an app provides. Whether the platform only offers personal loan services or does it covers multiple solutions like online shopping loans, credit line loans, loans for paying monthly EMIs etc. Customers all you need to enquire about the credit limit before starting to borrow from a digital lending app. Check whether the platform you are using offers a plug-and-play gateway API so that you can easily to your desired merchant’s checkout page or retail POS.
Make sure you are eligible for the loan
Credit-enabled financial technology platforms offer a plethora of money-lending solutions to customers. Including personal loans, they also consumers to pay their EMIs, buy their favourite products from different online stores etc. But before starting to borrow from them, it is important to explore their Kissht reviews and collect more details about the loan eligibility criteria. Some leading apps like Kissht ask consumers to fulfil the following eligibility criteria:
· You must be a salaried individual with a minimum salary of Rs. 15,000 per month.
· Or you must be a self-employed individual with a minimum annual income of Rs. 1.2 lakh.
So, until now in the discussion above, you’ve explored a lot about how to avoid being exploited and secure your financial rights while borrowing from a leading digital lending app. Moreover, verify the authentication of every report related to Kissht Crackdown. Maybe it is spread intentionally to gain competitive leverage or to increase readership. Avoid believing such rumours or fake reports and consider only customer reviews to verify the credibility of a digital lending platform. Always prefer lending apps approved by RBI like Kissht as they use advanced digital tools to offer next-generation and seamless credit solutions to their clients. The trusted and credible FinTech company has expanded its network with 3000+ offline merchants and 50-plus online stores. Checking all the details we’ve mentioned above will help you secure your financial rights and stay alert to fraudulent lending companies.
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