Digital Lenders Are Flush: Is Your Loan Actually Safe?

Kissht is raising ₹832 crore to grow its lending business just months after its IPO. More digital loan money is chasing Indian borrowers. Here's how to borrow smart and stay safe from predatory traps in the digital lending boom.

Here's what happened: Kissht's parent company has shareholder approval to raise ₹832 crore via preferential share allotment, just months after a ₹926 crore IPO.. About 75% of the new funds — roughly ₹620 crore — will go directly into growing Kissht's loan book through its lending arm Si Creva.. This signals that listed digital lenders are aggressively scaling credit supply, meaning more personal loan marketing is coming at Indian borrowers..

What you should do: Check any digital loan app's NBFC or bank lending partner name before applying — look for it on the app's homepage or Key Fact Statement.. Compare the full APR (annual percentage rate) across at least two platforms before accepting any pre-approved digital loan offer.. File a complaint on RBI's Sachet portal (sachet.rbi.org.in) immediately if a digital lender demands upfront payment or routes your loan to a wallet instead of your bank account..

RBI's 2022 digital lending rules require every lender to give you a Key Fact Statement (KFS) before loan disbursal — it lists the exact APR, all fees, and recovery terms. Demand it. If they refuse, that refusal alone is a red flag worth walking away from.