Kosh loan app | Kosh loan app review | New loan application
There are many instant personal loan apps in India such as MoneyTap, CreditB, mPocket, StashFin, etc. One can avail up to Rs 25 lakh under these loans with a tenure of up to 60 months and interest rates starting from 11.99% per annum. You can apply for a personal loan directly through your mobile or laptop and get the required funds.
If you do not have a credit history or sufficient credit score, alternative lending options like instant loan apps can come to your rescue. These apps evaluate your loan eligibility not only on the basis of your past credit history or CIBIL score but also on the basis of your social credibility score.
These loan taking apps require a quick sign-up or registration by the customers after which it shares the credit facility available to the customer based on the details shared. The request gets approved instantly as soon as you complete KYC and share consent to the terms and services. The process is 100% digital and contactless. It can range from 5 minutes to a maximum of 2 days. The loan app today we are talking about is Kosh instant personal loan app. This loan app is also very popular and all the details are given below:-
What is Kosh Loan app?
Kosh Loan App is a personal loan platform from where you can take a loan up to a maximum of 2 lakhs at a low interest rate of 18 to 33% per annum. This loan app is operated by adhikosh Financial Advisory from 22 August 2019 and provides loan service to the needy people. Providing it in all major cities of the country, if you also need a loan, then you can try this loan application, so what are you waiting for, download this loan application now and apply online for a loan according to your eligibility.
Features of Kosh Loan App :-
Let us know about some amazing features of Kosh Loan App
1. Loan limit up to Rs.2,00,000
2. Instant money transfer to bank account
3. 100% Paperless Process
4. Minimum Documents.
5. Flexible loan and EMI amount options
6. Instant Eligibility Check
7. Lowest interest rate and 100% online process
8. No need to go to bank, just apply online from mobile.
9. Loan application with minimum documentation
10. No collateral required.
Kosh App Loan Details :-
Loan Amount: Rs 20,000 up to Rs 2,00,000 lakh.
Minimum Annual Percentage Rate (APR): 24%
Maximum APR: 33% (reducing balance)
Minimum repayment period: 3 months
Maximum repayment period: 10 months
Processing Fee: 2% (Max Rs 2000 inclusive of GST)
Prepayment Fees: No fee.
Let us understand this with an example:
✔ Amount Borrowed (Principal) = Rs 20000 /-
✔ Interest Rate (APR) = 18% – 33%
✔ Tenure = 10 months
✔ Processing Fee = Rs 400
✔ Amount disbursed = Rs 19,600
✔ Your EMI amount = Rs.2315 (sample monthly payment based on PMT method)
✔ Interest amount = Rs 2315 x 10 – Rs 20000 = Rs 3150 (sample interest calculation)
✔ Total Cost of Loan (Including all applicable fees) = Processing Fee + Interest Amount + Principal = Rs 400 + Rs 3150 + Rs 20000 = Rs 23550
Kosh Loan App Download
You can go to Play Store to download this loan app. This app has more than 1 lakh downloads on Play Store and has got a rating of 4.3 stars.
Eligibility for taking loan from Kosh app (Kosh Loan Eligibility) :-
Some major eligibility only after which you can take online loan from Kosh App which is mentioned below.
1. The applicant of loan must be an Indian citizen.
2. Must be at least 20 years old and less than 65 years old to apply for the loan.
3. The borrower should be employed in a Government or private organization.
4. The monthly income of the applicant should come directly into his bank account.
5. The mobile number of the applicant should be linked to the Aadhaar card.
6. The borrower should have a definite source of income.
Required Documents For Kosh loan :-
For this you will need some important documents. Only after that you will be eligible to take the loan. Following are the necessary documents;
PAN number
Aadhaar number
Salary Slip
Employment ID
selfie
How to apply online for loan through Kosh app? Kosh Loan Apply Online :-
To apply for the loan online, you can follow the steps given below and apply for the loan very easily;
Step-1. First of all install the Kosh Loan App
Step-2. Register using your mobile number.
Step-3. Add members of your group for group loans.
Step-4. Fill in your basic details to check your loan eligibility.
Step-5. Select the loan and EMI amount of your choice.
Step-6. Complete KYC with selfie and Aadhaar.
Step-7. Enter bank details for money transfer.
Step-8. Amount directly into your bank account after loan approval.
Conclusion:-
So in today’s article, we have come to know about the kosh loan app, how you can apply online through this loan app and take a loan up to 2 lakhs online only from your mobile phone, so if you also need a loan, then definitely once. Try this loan app, possibly it can solve your financial problem, so in today’s article post, that’s all, I hope you have got all the information related to this loan app, if you have any question related to loan, then you You can ask us through the comment box and do not forget to follow us for similar information related to loan, finance, insurance, money making and share this post with your friends so that their financial problems can also be solved. .
Frequently Asked Questions (FAQ’s) :-
Q. 1. What is the maximum loan amount that can be taken from Kosh Loan App?
You can avail a personal loan up to a maximum of Rs 2 lakh from this loan app.
Q. 2. What is the Rate of Interest or APR of Kosh App?
You have to pay an interest rate of 18% to 33% on the loan on this app.
Q. 3. Who are the NBFC partners of Kosh Loan App?
Kosh Loan App NBFC Partner Name; 1) Anand Property Finance Limited (APFL)
2) Capital Tradelinks Limited (Capital Tradelink)
3) Mamta Projects Private Limited (Arthmate)
