NBFCs Tighten Lending: Will Your Loan Get Harder to Get?
Digital NBFCs like Kissht are shifting focus from fast growth to better-quality borrowers. This means tighter loan approvals, higher credit score requirements, and new products like loan against property — all affecting how easily you can borrow.
A stricter NBFC rejection can cost you 3-6 months of waiting — longer than your phone's EMI cycle.
Your NBFC lender is getting stricter — here's what that means for your loan
Key Takeaways
Check your CIBIL score before applying — aim for 720 or above to improve your chances with tightened NBFC lending criteria.
Compare Loan Against Property rates (typically 9–13% p.a.) against personal loan rates (13–24%) if you own a home and need a larger loan amount.
Avoid applying to multiple lenders simultaneously — each hard enquiry drops your credit score by 5–10 points and signals desperation to lenders.
Digital NBFCs like Kissht are shifting focus from fast growth to better-quality borrowers. This means tighter loan approvals, higher credit score requirements, and new products like loan against property — all affecting how easily you can borrow.
Here's what happened: Several digital NBFCs are pivoting from rapid loan disbursement to a 'quality borrower' strategy, focusing on lower default rates and sustainable profits.. Loan Against Property (LAP) is becoming a key product for NBFCs, offering larger ticket sizes and lower interest rates compared to unsecured personal loans.. Technology-driven credit assessment is replacing blanket approvals — income stability, repayment history, and debt-to-income ratios are being scrutinised more carefully..
What you should do: Check your CIBIL score before applying — aim for 720 or above to improve your chances with tightened NBFC lending criteria.. Compare Loan Against Property rates (typically 9–13% p.a.) against personal loan rates (13–24%) if you own a home and need a larger loan amount.. Avoid applying to multiple lenders simultaneously — each hard enquiry drops your credit score by 5–10 points and signals desperation to lenders..
NBFCs must be RBI-registered to lend legally. Before borrowing, verify your lender on the RBI's official NBFC list at rbi.org.in — takes 2 minutes and protects you from loan sharks.
Compare 100+ Loan Options — Free
GoCredit's AI matches you with lenders most likely to approve YOUR profile. Zero CIBIL impact. Real rates in 60 seconds.
Show My Loan Offers →References
- [1]“Kissht’s Next Growth Play: Better Borrowers, Lower Costs & Loan Against Property” Inc42 Media · 1 Aug 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.