How To Get Loan From Kosh Loan App : In today’s fast-paced world, financial constraints prevent us from fulfilling our diverse needs. But, with the emergence of digital landing platforms like Kosh Loan App, it has become easier to get a quick loan.
How To Get Loan From Kosh Loan App
This detailed guide gives you a comprehensive overview of the important aspects of getting a loan through the Kosh Loan App, including the loan amount, interest rate, tenure rate, operational cities, eligibility criteria, required documents, application process, and an in-depth study of key features of the app. By following the instructions and procedures in this guide, you can easily manage the process of getting a loan with the Kosh Loan App, thus untangling your financial needs.
How much loan amount can you get through Kosh Loan App?
On Kosh Loan App you can fulfill ambitions from Rs 20,000 to Rs 2,00,000. This range of loans is catered to the individual as well as their special financial requirements.
Kosh Loan App Duration Rate Understanding
Kosh Loan App provides the facility to treat the loan from 3 to 10 months till the issue of loan payment, which caters to the lenders as per their financial capacity and perspective.
Interest Rate Exchange of Kosh Loan App
Interest rate ranging from 24% to 33% per annum is applicable to loan customers through Kosh Loan App. This interest rate is made attractive which makes the availability and treatment plan convenient for the customers.
Understanding applicable charges and fees
Along with the interest rate, Kosh Loan App offers 0% to 5% service charges, which gives no ease and flexibility.
Example of Loan Repayment Calculation
For complete understanding, pay attention to the following example information:
Income Paid Amount (Pradhan): ₹20000
Interest Rate (APRI): 18% – 33%
Duration: 10 months
Processing Fee: ₹400
Amount of assessable wealth from income: ₹19,600
Monthly EMI Amount: ₹2315 (Sample Monthly Payment on PMT Method)
Interest Amount: ₹2315 x 10 – ₹20000 = ₹3150 (Sample Interest Calculation)
Total cost of loan (including all applicable charges): Processing Fee + Interest Amount + Principal = ₹400 + ₹3150 + ₹20000 = ₹23550
Cities operated by Kosh Loan App
Kosh Loan App is currently operational in various cities across all states, which are listed below:
Delhi NCR: New Delhi, Gurgaon, Noida, Greater Noida, Faridabad
Himachal Pradesh: Shimla, Baddi, Parwanoo, Solan
Haryana: Chandigarh, Karnal, Panipat, Ambala, Sonipat, Kundli
Punjab: Amritsar, Ludhiana, Jalandhar, Mohali, Ropad, Bathinda, Fatehgarh Sahib
Rajasthan: Kota, Jaipur, Udaipur, Jodhpur, Neemrana
Uttar Pradesh: Mathura, Meerut, Agra
Uttarakhand: Haldwani, Haridwar
Madhya Pradesh: Jabalpur, Indore, Allahabad
Gujarat: Ahmedabad, Vadodara, Valsad
Key Features of Kosh Loan App
Following are the special features of Kosh Loan App:
Credit history is not required
100% paperless loan application process, no bank visits
High loan approval rate
Direct bank transfer when approved
Access your cash anytime anywhere in India
Pay on time, loan amount increases to self
A variety of convenient payment methods
Loan amount up to 2 lakhs
Keeping member information safe
| Kosh Loan App | View |
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