Kissht - 8 Things to Consider Before Taking a Personal Loan
                     
Assess Your Loan 
Requirements
The first step when considering a loan online 
is understanding your specific financial 
needs.
Personal loans are available for different 
purposes, so it’s important to evaluate how 
much money you need. Are you looking for a 
quick loan to cover urgent expenses or a short-
term loan for a small project? If you need a 
larger amount, consider whether a low-interest 
loan is available to minimize repayment costs. 
Knowing the exact amount required will guide 
you in choosing the right loan app for your 
needs.
Check Your Credit Score
Before you apply for a loan online, it’s wise
 to check your credit score. Your credit 
history plays a significant role in 
determining your eligibility for a personal 
loan and the interest rate you'll be offered.
 A higher credit score typically means 
better loan terms. If your score is lower, 
you might have to settle for higher 
interest rates or consider opting for a cash
 loan app that caters to borrowers with 
less-than-perfect credit.
Understand the Loan Terms
When choosing a personal loan 
application, make sure to read and 
understand the loan terms. This includes 
the interest rate, repayment tenure, 
processing fees, and any hidden charges. 
Some loan apps offer competitive rates, 
but make sure to check the fine print to 
avoid unpleasant surprises later. Ensure 
you’re comfortable with the monthly 
installment amount and the loan duration
 to avoid financial strain.
Understand the 
Eligibility 
Criteria
Before you apply personal loan through an 
online loan app, make sure you meet the 
eligibility criteria set by the lender. Most 
platforms have minimum income 
requirements, age restrictions, and other 
conditions to approve a loan application. 
Ensure that your profile fits the lender’s 
criteria to increase your chances of getting 
approval. If you have any doubts, check 
whether the lender offers a loan application 
process with pre-qualification or eligibility 
checks to avoid unnecessary applications.