Personal loans at your fingertips. Chota Loan Badi Khushi

Kisan instant is a new-age financial services platform that leverages technology to make lending quick and easy. We facilitate access to
instant Personal Loans ranging from Rs 1000 to Rs 25000 for both Salaried and Self-employed customers by connecting borrowers with lenders.

Our lending partners follow a dynamic risk-based pricing model with loan terms & rates described below

Amount, Tenure, Fees & Charges

Loans amount: ₹1,000 to ₹100,000, Tenure: 91 days-15 months. Sudha Pocket charges one-time service fee while onboarding or during upgrade which is ₹30-₹350 depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.

Penalty is charged only when someone delays their scheduled payment.

The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42%* and very high-risk customers is 24%-70%*.

In addition to it, GST will be applicable only on the fee components as per Indian laws.

*The higher charges are only for loans of lower amount and lower repayment tenure.

Example

A new low risk customer availing personal loan for salaried can avail a loan of ₹50,000 at an interest rate of 22%, processing fee of ₹1,250 for a period of 12 months and onboarding fees of ₹350. This would translate to an APR 25.2%.

Interest Calculation

If loan amount is ₹50,000 & interest is 22% per annum; and loan is to be repaid over 12 EMIs, then overall interest payable is ₹6,157 only. The EMI per month would be ₹4,680 only.
Eligibility: Any Indian resident individual aged between 18 – 65 years having a minimum monthly income of ₹ 15,000, can apply for a loan through KisanInstant. We don’t discriminate between salaried or self-employed applicants; all are welcome as long as minimum income criteria along with other conditions is met.

Documents Required:

1. Address Proof {acceptable documents - Aadhaar, Driving Licence, Voter ID}
2. Latest Photograph
3. PAN Card
4. Aadhar XML
5. Bank Account / Access to bank account details

Why Kisan Instant Needs the following Permissions:


Location - ACCESS_FINE_LOCATION
Explanation: To collect and monitor the location of your device and access serviceability of your loan application. This also
helps in quicker credit risk decision and ensure KYC compliance as per guidelines of regulator

Camera & Media Access - CAMERA, READ_EXTERNAL_STORAGE, WRITE_EXTERNAL_STORAGE
Explanation: To capture KYC documents and selfie for liveness test and ensure KYC compliance as per guidelines of regulator

Storage (Read and Write)
Explanation: To upload and download the identity documents for completing KYC process. This helps in expediting the KYC process for a faster approval and provides a seamless customer experience while using the app


Security:
Your data is safe with us. It is transferred over a secure HTTPS connection to us, and we do not share it with anyone without your consent except the Lenders. All the transactions are secured via a 128-bit SSL encryption.

-Contact Us:
CUSTOMER CARE NUMBER:
+91-9130033320
Working time：10:00-18:00 (Mon-Fri)
Email: [email protected]

Company Name - KISAN SAMRIDDHI NIDHI LIMITED
CIN - U65991UP2020PLN126190
Address: 456, SECTOR-1 CLOUD NO 9, VAISHALI GHAZIABAD Ghaziabad UP 201019 IN
Directors/Signatory Details
DIN/PAN Name
08672730 FAREEN JAHAN
08672741 DINESH GHASAL
08680133 MANSUR NAJUDDIN PATHAN