How to Apply For Installment Credit Line
1. Install Installment App
2. Register with mobile number and accept basic permissions
3. Submit KYC documents for instant credit check
4. Sign online loan agreement with approved NBFCs5. Get instant loan approval and money is transferred to your bank account.
Why choose Installment for Line of Credit
Low interest rates and processing fees
Online Personal Loan Approval in Just 5 Minutes
No collateral and credit card required.
Example of Credit for a Small Business Purchase
Loan Amount (Principal): ₹ 30,000.
Tenure: 12 months.
Interest rate: 18% per annum.
Processing Fee (Inclusive of GST): ₹ 750 (2.5%).
Total interest: ₹ 3,005.
EMI: ₹ 2,750.
April: 22.91%.
The loan amount is ₹ 30,000. The amount disbursed is ₹29,250.
The total loan repayment amount is ₹ 33,000.
Total cost of loan = Interest amount + Processing fee = ₹3005 + ₹750 = ₹3755.
Kissht Instant Line of Credit
Kisht is India’s fastest credit app that provides instant QR based credit to small merchants to buy their day to day inventory and grow their business. Small business owners can scan and pay utility bills like electricity bills, DTH and gas bills, fast tags, post-paid bills and as cash in their account or by scanning the QR to pay to any vendor anytime. Can also access money on credit.
Kisht App provides instant line of credit and allows small shop owners to receive and make payments through QR codes and range from ₹ 10,000/- to ₹ 1,00,000/- depending on their credit profile Get instant loan of Rs. The APR is 14% – 28% per annum and the loan tenure varies from 3 to 24 months.
Line of Credit for Grocery Store, Medical Store
Instant Loans for Hardware Stores and Electronics Shops
Quick Cash Bakery, Snacks & Juice Shops
Instant Cash Street Vendors, Fruit & Vegetable Shops
Small Business Loan For Garments And Tailor Shop
Payment of bills, electricity bills, rent by small businessmen to stockists.
Why choose Installment for Line of Credit
Low interest rates and processing fees
Online Personal Loan Approval in Just 5 Minutes
No collateral and credit card required.
Types of Quick Line of Credit Offered by Installment
1. Revolving Line of Credit: Provides accelerated line of credit for installment salaried individuals. The loan amount with a tenure of 3 to 15 months depending on the credit profile of the individual can range up to ₹30,000 and the APR ranges from 16% to 26%. The customer can repay and reuse the credit line limit up to the customer for the next 2 years. In order to encourage better credit behaviour, the customer is allowed to avail reduction in charges and rebate on installments on timely payment.
2. Instant credit for small business purchases: Installment works with several RBI registered NBFCs to provide loans to small traders. Facing last minute expenses or working capital requirements, short of cash to stock inventory or routine expenses like salary/bill payments? Opt for installment 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 the range of 2% to 5% for a period up to 24 months.
I love extremes, so I always go to the mountains on vacation. And sometimes I may have a sudden cash crunch. This app helps me by providing loans for exorbitant repayment period (90 days) especially if the salary is still far away. Interest is very low compared to other services, and cash goes back in just 10 to 15 minutes in insane speed. I always return the loan on time so everything is fine and my family is also using this app after my suggestion they are also not helpful,
