Instant loan apps are very trending these days
These loan apps are very easy to use and offer urgent money. These apps such as Creditbee, MPocket and Dhani App etc are having millions of customers
These NBFCs provide customer centric and easy to use loan applications
Table of Contents
Kundan Finance App & Company Overview
Name: Kundan Finance (operated by Kundanmal Technology Private Limited).
USP: Fully digital instant personal loans with claims of quick approvals.
Website / About: kundanfinance.com · About page
Contact (as listed on site):
Email: [email protected]
Address: Block 8, WEA, Karol Bagh, New Delhi, 110005
Step-by-Step: How to Use the Kundan Finance Loan App
- Download & Register: Install the app (Android — check Play Store availability) and register using mobile number. This app is removed from play store. You can direct apply loan at Kundan Finance’sofficial website.
- Provide KYC: PAN, Aadhaar, address proof and bank details (bank statement / salary slips).
- Choose Loan: Select loan amount and tenure from the in-app options and view estimated EMI.
- Upload Documents: Upload bank statement / salary evidence as requested for verification.
- Approval & Disbursal: If eligible, loan is approved and disbursed to your bank account.
Sources for process & app notes: Kundan Finance product page, app previews.
Documents Required
- Aadhaar Card
- PAN Card
- Last 3 months’ bank statements
- Last 2–3 months’ salary slips (if salaried)
- Address proof (Aadhaar / utility bill)
Loan Amounts, Tenure, Interest & Fees
| Parameter | Details |
|---|---|
| Loan Range | ₹5,000 – ₹2,00,000 (some pages list higher caps; confirm in-app). (Source) |
| Tenure | Typically 90 – 365 days (vary by product). (Terms) |
| Interest | Reported monthly rates ~1.5% – 2.92% → APR roughly 18%–35% (varies by profile). (Source) |
| Processing Fee | Reported ~5% – 8% + GST (upfront, depending on offer). (Source) |
| Pre-closure | Some product pages state no pre-closure charges — always verify in app. (Source) |
Customer Feedback & Real-World Concerns
Positive feedback (common praises): fast processing, easy onboarding and quick disbursal for eligible users. See sample app reviews and preview pages. (App reviews)
Negative feedback & safety warnings (consistent themes across loan-app discussions):
- Reports of aggressive recovery calls / messages when borrowers delay payments (user forums & review threads).
- User community posts caution about privacy / contact-permissions misuse by some loan apps — exercise caution. (See forum discussions)
- App removals or temporary unavailability on Play Store have occurred for various instant loan apps — always confirm official availability before recommending.
Sources & community notes: app previews and user forum threads. (App preview) · (Community)
Pros & Cons — Quick Summary
| Pros | Cons / Risks |
|---|---|
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Safety Tips Before You Apply
- Read the full Terms & Conditions and calculate true-cost (interest + fees + GST).
- Check official app listing on Google Play Store (or App Store) and verify publisher details.
- Share only required documents — avoid giving full phone contacts access if not needed.
- Compare offers with established NBFCs/banks and formal schemes (e.g., Mudra) for business financing.
Alternatives to Consider
- Mudra Loans (PMMY) — for entrepreneurs & small business: lower interest, formal banking route, less risk for harassment. (PMMY)
- Established NBFCs & Bank Personal Loans — compare interest and fees using aggregator sites before applying.
Conclosion
Kundan Finance can be useful for borrowers who need quick, small-ticket credit and accept higher APRs in exchange for speed. However, due to documented concerns around high fees and community reports of recovery harassment for some instant loan apps, proceed with caution. For business financing (especially for entrepreneurs your blog serves), highlight safer, regulated options like Mudra loans or established NBFCs.