Penal Charges on Loan Accounts - Kissht
Overview
This page provides information about penal charges applicable to loan accounts as per Reserve Bank of India guidelines.
RBI Guidelines on Penal Charges
The Reserve Bank of India has issued a circular (No. DoR.MCS.REC.28/01.01.001/2023-24) dated August 18, 2023, outlining "Fair Lending Practice - Penal Charges in Loan Accounts." The guidelines specify that penalties should be treated as penal charges and not as "Penal Interest."
Effective Date
Effective from April 1, 2024, any applicable Penal Interest will be categorized as Penal Charges for your loan account.
Penal Charges Structure
One-Time Penal Charges
| Loan Amount |
Penal Charge |
| Less than ₹7,000 |
₹150 upfront |
| Greater than ₹7,000 |
₹200 upfront |
Daily Penal Charges
₹50 per day
Tax Applicability
Note: Penal charges are subject to GST as per applicable Goods and Services Tax (GST) laws in India, which will be charged separately.
Products Offered by Kissht
Loan Products
- Personal Loan - Available for various personal needs
- Business Loan - Financing solutions for businesses
- Loan Against Property - Secured loans using property as collateral
- Digital Gold - Investment product
Personal Loan Categories
- Personal Loan For Travel
- Personal Loan For Medical Emergency
- Personal Loan For Wedding
- Personal Loan For Education
- Personal Loan For Emergency
- Personal Loan For Salaried Employees
- Personal Loan For Self Employed
- Instant Personal Loan App
Loan Amount Options
- ₹15,000 Instant Personal Loan
- ₹20,000 Instant Personal Loan
- ₹25,000 Instant Personal Loan
- ₹30,000 Instant Personal Loan
- ₹50,000 Instant Personal Loan
- ₹1 Lakh Instant Personal Loan
- ₹2 Lakh Instant Personal Loan
- ₹3 Lakh Instant Personal Loan
- ₹4 Lakh Instant Personal Loan
- ₹5 Lakh Instant Personal Loan
Financial Tools
- Credit Score - Check your credit score
- Credit Pulse - Credit monitoring tool
EMI Calculators
- Personal Loan EMI Calculator
- Home Loan EMI Calculator
- Bike Loan EMI Calculator
- Business Loan EMI Calculator
- Car Loan EMI Calculator
- Education Loan EMI Calculator
Interest Rate Information
- Personal Loan Interest Rates
- Business Loan Interest Rates
Service Locations
Kissht provides personal loan services in the following cities:
- Ahmedabad
- Delhi
- Pune
- Jaipur
- Coimbatore
- Bangalore
- Mumbai
- Chennai
Contact Information
Email: [email protected]
Phone Numbers:
- 080 44745884
- 080 62816309
Location: Mumbai, Maharashtra
EMI Payment Portal: https://pay.kissht.com/
Company Information
About Kissht
- About Us
- Contact Us
- Careers (We're hiring)
- Media
- Branch Locator
- FAQs
- Blogs
- Investor Relations
Policies and Regulatory Information
Policies
- Terms and Conditions
- Privacy Policy
- RPT Policy
Regulatory Compliance
Other Disclosures
- Fraud Alert
- CSR Projects
- DLG Disclosure
- Lending Service Providers
- Disclaimer
- Financing Partners
- Digital Sourcing Partners
© 2026 Kissht All rights reserved.