Personal Loan for Furniture Purchase
Overview
A personal loan for furniture purchase from Kissht enables you to buy furniture items including sofas, beds, tables, and wardrobes without delaying your plans. The loan provides instant fund access with quick approvals and allows repayment in easy installments.
Product Description
A well-furnished home is more than comfort, it is an investment in everyday living. A furniture loan from Kissht lets you buy the furniture you need today and repay in easy instalments. No collateral, no long waits, just a simple digital process to get your home ready faster.
Loan Features and Benefits
Key Features
- No Collateral Required: Borrow funds conveniently without pledging collateral
- Quick Access to Funds: Instant funds to handle life's unexpected moments
- Flexible Repayment Tenure: Tailor your repayment schedule that suits you
- Instant Online Approval: Get approved in minutes
- Simple Application: Instant approval, zero paperwork process
- Transparent Process: Quick loan process with simple terms
- Quick Approval: Instant loan approval in minutes
- Instant Disbursal: Get your personal loan disbursed instantly
- Minimal Documentation: Upload PAN, Aadhaar, selfie. Quick and paperless
- Digital Journey: End-to-end digital loan process at your fingertips
- Easy Loan Tracking: Check your loan progress whenever you want
- Digital Bank Transfer: Instant transfer of loan funds directly to your bank account
- Multi-purpose Usage: Use funds for travel, medical, or personal needs
- Reliable Support: Trusted financial support for your borrowing needs
Loan Specifications
| Parameter |
Details |
| Loan Amount |
₹5,000 to ₹60,00,000 |
| Interest Rate |
6% to 36% per annum |
| Loan Tenure |
3 months to 72 months |
| Collateral |
Not required |
| Approval Time |
Minutes |
| Disbursal |
Instant |
| Application Process |
Digital/Online |
EMI Calculator for Personal Loan for Furniture Purchase
Calculate your Personal Loan EMI based on:
- Loan Amount: Minimum ₹5,000 to Maximum ₹60,00,000
- Rate of Interest: Annual Interest Rate from 6% to 36%
- Loan Tenure: Repayment Tenure from 3 months to 72 months
Example Calculation
For a loan of ₹10,00,000 at 16% per annum for 6 months:
- Principal Amount: ₹10,00,000
- Total Interest Charged: ₹47,182
- Total Repayment Amount: ₹10,47,182
- Monthly EMI: ₹1,74,530
- Principal Component: 95.5%
- Interest Component: 4.5%
Eligibility Criteria for Furniture Purchase Loan
Basic Requirements
- Nationality: Applicants must be Indian residents
- Age Requirement: The eligible age range is typically 21 to 60 years
- Basic Documentation: Keep your PAN Card and Aadhaar Card ready for verification
- Income Proof: It may be requested for higher loan amounts, depending on your credit profile
- Applicant Profile: Open to salaried employees, self-employed individuals, small business owners, and MSME professionals
Documents Required for Loan for Furniture Purchase
Required Documentation
- Basic Information: Provide essential personal and contact details
- KYC Documents: Aadhaar card along with selfie verification for identity confirmation
- PAN Card: PAN card of the borrower for verification purposes
- Income Details: Recent payslip or bank statement, if required
Note: The exact documentation requirements are at the sole discretion of Kissht and may vary depending on your profile and loan type.
How to Apply for a Loan for Furniture Purchase
Apply online through Kissht by following these steps:
- Fill out the application form
- Complete digital KYC
- Upload the necessary documents
- Once verification is completed, the approved funds are disbursed to your bank account
EMI Calculation Formula
The EMI for a personal loan for furniture purchase can be calculated using the following formula:
EMI = [P × R × (1+R)ⁿ] / [(1+R)ⁿ − 1]
Where:
- P = Loan amount
- R = Monthly interest rate (Annual rate ÷ 12)
- n = Number of months
Example Calculation
For a loan of ₹90,000 at 10% p.a. for 12 months:
- P = ₹90,000
- R = 10% ÷ 12 = 0.833% or 0.00833
- n = 12 months
- EMI = approximately ₹7,913
Company Information
Kissht - Sapno ko Kaho YES!
Key Statistics:
- Customer Rating: 4.6
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- Assets Under Management: 5900Cr+
- Customer Base: 11M+
Contact Information
- Email: [email protected]
- Phone: 080 44745884 / 080 62816309
- Location: Mumbai, Maharashtra
Products Offered
- Personal Loan
- Business Loan
- Loan Against Property
- Digital Gold
Financial Tools
- Credit Score Check
- Credit Pulse
- Personal Loan EMI Calculator
- Home Loan EMI Calculator
- Bike Loan EMI Calculator
- Business Loan EMI Calculator
- Car Loan EMI Calculator
- Education Loan EMI Calculator
Frequently Asked Questions
What is a personal loan for Furniture Purchase?
A personal loan for furniture purchase helps you buy sofas, beds, tables, wardrobes, or other household items without delaying your plans. The loan amount can be repaid in fixed monthly instalments, making large furniture expenses easier to manage at home.
How can I get an instant personal loan for Furniture Purchase Online?
You can get an instant personal loan for furniture purchase by applying online through a trusted lender such as Kissht. Fill out the application form, complete digital KYC, and upload the necessary documents. Once verification is completed, the approved funds are disbursed to your bank account.
Can I Get a Personal Loan for Furniture Purchase without collateral?
Yes, you can avail a personal loan for furniture purchase without pledging any assets through a reliable lender such as Kissht. Complete the required KYC formalities and eligibility checks online. Once approved, the loan amount is directly transferred to your bank account.
What documents are required for a personal loan for Furniture Purchase?
To apply for a personal loan for furniture purchase via Kissht, you typically need to provide:
- KYC documents - Aadhaar card and selfie verification
- PAN card of the borrower
- Income details such as salary slips, bank statements, or other proof of income
These documents help lenders assess eligibility and speed up approval.
Note: The exact documentation requirements are at the sole discretion of Kissht and may vary depending on your profile and loan type.
How to Calculate the EMI for a personal loan for Furniture Purchase?
The EMI for a personal loan for furniture purchase depends on the interest rate and repayment period. For example, let's consider an interest rate of 10% p.a. for a 12-month tenure and loan amount as ₹90,000.
Here is the formula for calculating EMI:
EMI = [P × R × (1+R)ⁿ] / [(1+R)ⁿ − 1]
Where:
- P = Loan amount (₹90,000)
- R = Monthly interest rate (10% ÷ 12 = 0.833% or 0.00833)
- n = Number of months (12)
Using this formula, the EMI comes to around ₹7,913. You can also use a personal loan EMI calculator to get an exact figure.
Service Locations
Kissht provides personal loan services across multiple states and cities in India:
States Served
Delhi, Haryana, West Bengal, Rajasthan, Telangana, Tamil Nadu, Karnataka, Gujarat, Uttar Pradesh, Maharashtra, Himachal Pradesh, Uttarakhand, Jharkhand, Goa, Punjab, Bihar, Andhra Pradesh, Madhya Pradesh, Kerala
Major Cities Served
Ahmedabad, Pune, Jaipur, Coimbatore, Bangalore, Mumbai, Chennai, Hyderabad, Madurai, Aurangabad, Bareilly, Bhopal, Surat, Agra, Lucknow, Gwalior, Jabalpur, Aligarh, Allahabad, Varanasi, Meerut, Guwahati, Ranchi, Patna, Belagavi, Mysuru, Vijayawada, Visakhapatnam, Thiruvananthapuram, Kochi, Rajkot, Nashik, Kanpur, Ludhiana, Amritsar, Dehradun, Chandigarh, Kolkata, Nagpur, Jamshedpur, Rohtak, Gurgaon, Rander, Faridabad, Raipur, West Godavari, Bhavnagar, Ujjain, Solapur, Kolhapur, Jamnagar, Salem, Hubli-Dharwad, Mangalore, Tiruchirappalli, Raigad, Kadapa, Chittoor, Prakasam, Nellore, Ghaziabad, Guntur, Anantapur, Gandhinagar, Kurnool, Shahdara
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Additional Services
- Track your credit score in seconds
- Instant Personal Loan App available for download
- Pay EMI online facility available
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