If you need money quickly and are looking for a loan app, the Kishtope loan platform is a new option on the market. It offers loans ranging from ₹1,000 to ₹500,000, with repayment periods of up to 24 months. Loans are reportedly provided through RBI-registered NBFCs. However, it’s important to thoroughly vet the app before taking a loan, as many fraudulent loan apps are circulating these days. If you’re considering a loan from the Kishtope loan app, this article will be helpful; it provides complete information to help you decide whether to take one.
About the Kishtope Loan App
Kishtope Loan is a digital lending platform operated by Mahautkarsh Securities & Finance Private Limited, an RBI-registered non-banking financial company (NBFC). The app offers personal loans ranging from ₹1,000 to ₹500,000, with repayment tenures of up to 24 months. It also offers mobile finance. These services are provided through its RBI-registered NBFC partner, Mahautkarsh Securities & Finance Private Limited.
However, after taking a loan from the Kishtope Loan App, we noticed that the initial loan amount was only ₹3,500; of this, ₹3,264 was credited to our bank account, and the repayment period was 28 days. After 28 days, a total of ₹4,284 remained to be repaid. Weekly EMI repayments are scheduled.
For example
If you take a loan of ₹3,500 from the Kishtope Loan app, you might see the following information
| Loan Amount | ₹3,500 |
| Loan Tenure | 28 days |
| Processing fee | ₹200 |
| GST | ₹36 |
| Amount credited to bank account | ₹3,264 |
| Interest amount | ₹784 |
| Weekly EMI | ₹1071 |
| Total repayment amount | ₹4,284 |
Note: This is a general overview of our loans; details may vary depending on your profile.
Eligibility and Criteria
- Indian Resident
- Age 18+
- Aadhaar-linked mobile number
- PAN card
- Active bank account
- Upi app (Pay/PhonePay)
- WhatsApp on your mobile
Kishtope Loan App – Scam Signs
Before downloading the Kishtope Loan App, it’s important to be aware of some important warnings and red flags.
Hidden Fees
If you take a loan of ₹3500 from the Kishtope Loan App, only ₹3264 is credited to your bank account, while you have to pay a total of ₹4,284. This means you have to pay ₹1020 more over a 28-day period. You should verify this information.
Policy Violation
Although Kishtope Loan Company claims to offer loans up to ₹500,000 with tenures ranging from 6 to 24 months, in reality, only ₹3000 to 4000 are being offered with weekly EMIs for a period of 28 days; this violates RBI regulations.
High Interest
Kishtope Loan Company charged ₹784 in interest on a ₹3,500 loan over a 28-day loan period—this practice is against RBI policy.
Coercive Collection Methods
Some users have complained about coercive collection methods—including unauthorized access to their contact lists—which are often seen in fraudulent loan apps.
RBI Verification
Given the increasing number of fake loan apps, users are advised to verify the registration status of Kishtope Loan‘s NBFC partner, Mahautkarsh Securities & Finance Private Limited, on the RBI’s official website.
Things to keep in mind when applying for a loan
- When applying for a loan, be wary of apps that ask for excessive permissions—such as access to your contacts or photo gallery—as this information could be misused.
- Before applying for a loan, make sure the lending app is registered with the Reserve Bank of India (RBI).
- Before accepting any loan offer, carefully read all terms and conditions, interest amounts, fees, and other important details.
- Be sure to compare interest rates and processing fees with those of other lending companies.
- Always avoid loan apps that ask for payment before processing your application.
Kistope Loan Company Customer Support
Phone and WhatsApp Support
- Customer Support: +91 8600-200-122 (or chat on WhatsApp)
- Retailer Support: +91 8602-270-603
- Dedicated WhatsApp Number for Personal Loans: 8358-999-922
Availability: Monday to Saturday, 9:00 AM to 7:00 PM
Kishtope Loan Real or Fake
While some consider the Kishtope Loan App to be a “miracle” solution for emergency loans, the reality is quite different. The company claims to offer instant loans of up to ₹5 lakh with tenures of up to 24 months; but, in reality, they are offering loans of only ₹3,000 to ₹4,000 with tenures of only 14 to 28 days—with weekly EMIs to be paid within such a short period. The Kishtope Loan Company’s promises have proven false, suggesting that the company was created solely to lure users into a processing fee scam. Users are advised to verify that the company’s NBFC partner, Mahautkarsh Securities & Finance Private Limited, is indeed registered with the RBI.
Note: This article is for informational purposes only. If you decide to take out a KishtoPe loan, please exercise prudence and caution.
