Cashe Personal Loan offers flexible repayment terms, competitive interest rates, and a simple application process, making it a popular choice for individuals seeking financial assistance.
With Cashe Personal Loan, individuals can access funds quickly and easily, allowing them to address their financial needs with confidence.
Key highlights of CASHe Personal Loan are given below.
Features | Details |
---|---|
Loan Amount | Up to Rs. 4,00,000 |
Tenure | 90, 180, 270, 360, 540 days |
Interest Rate | 2.50%, 2.40%, 2.25% per month | Upto 30.40% APR |
Processing Fee | 1.5% – 3% of the loan amount |
Eligibility Criteria |
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Documents Required |
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Disbursal Time | Within 2 hours of loan approval |
Repayment Options |
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Benefits |
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Drawbacks |
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The interest rate for a CASHe Personal Loan ranges from 2.25% to 2.50% per month. The actual rate offered to a borrower depends on factors such as their credit score, income, loan amount, and repayment tenure.
CASHe Personal Loan offers several features and benefits to its customers, including:
Overall, CASHe Personal Loan is a great option for individuals who need quick and easy access to funds with flexible repayment options and competitive interest rates.
Below is the table for CASHe personal loan eligibility & disbursal limit.
Loan Tenure | In Months | Loan Eligibility |
---|---|---|
90 days | 3 months | Up to 110% of net monthly salary |
180 days | 6 months | Up to 210% of net monthly salary |
270 days | 9 months | Up to 310% of net monthly salary |
360 days | 12 months | Up to 400% of net monthly salar |
540 days | 18 months | Up to 500% of net monthly salary |
Another table for salary vs minimum/maximum loan amount.
Salary Eligibility | Minimum loan Amount | Loan Maximum loan Amount |
---|---|---|
₹15,000 | ₹15,000 | ₹1,10,000 |
₹20,000 | ₹25,000 | ₹2,10,000 |
₹25,000 | ₹50,000 | ₹2,58,000 |
₹40,000 | ₹75,000 | ₹3,00,000 |
₹50,000 | ₹1,25,000 | ₹4,00,000 |
The documents required to apply for a CASHe Personal Loan are:
These are the basic documents required for a CASHe Personal Loan application. Depending on the applicant’s specific circumstances, additional documents may be required. The applicant will be informed of any additional documents required during the loan application process.
Here are the list of fees & charges for CASHe personal loan.
Tenure | Processing fee |
---|---|
90 days | ₹85 Flat for loans amounting from ₹0 to ₹5,999, ₹500 Flat for loans amounting from ₹6,000 to 33,333, and 1.50% for loans amounting from ₹33,334 to ₹99,999 |
180 days | ₹1,200 or 2% of the loan, whichever is higher |
270 days | ₹1,200 or 2% of the loan, whichever is higher |
360 days | ₹1,200 or 2% of the loan, whichever is higher |
540 days | ₹1,000 or 3% of the loan, whichever is higher |
Additionally, CASHe charges 0.7% interest fee penalty after 5 days grace period.
Principal amount
Loan EMI
Total Intrest Payble
Total Payment (Principal + Interest)
Here’s the EMI calculation for a CASHe Personal Loan of Rs. 1 lakh with a repayment tenure of 90 days at 2.5% ROI per month, along with the amortization schedule:
Loan amount: Rs. 1,00,000
Repayment tenure: 90 days
Interest rate: 2.5% per month
Processing fee: 2.5% of the loan amount (Assuming)
Total interest payable = Principal amount * Interest rate *
Repayment tenure = 100000 * 0.025 * 3
= Rs. 7,500
Total amount payable = Principal amount + Total interest payable + Processing fee
= 100000 + 7500 + 2500 (2.5% of the loan amount)
= Rs. 1,10,000
EMI = Total amount payable / Repayment tenure
= 110000 / 3
= Rs. 36,666.67
Amortization schedule:
Month | Beginning Balance | EMI | Interest | Principal | Ending Balance |
---|---|---|---|---|---|
1 | 1,00,000.00 | 36,666.67 | 2,500.00 | 34,166.67 | 65,833.33 |
2 | 65,833.33 | 36,666.67 | 1,732.29 | 35,934.38 | 29,898.96 |
3 | 29,898.96 | 36,666.67 | 748.28 | 36,918.39 | 0.00 |
As per the above table, the borrower will have to pay an EMI of Rs. 36,666.67 for three months. Out of this, the first EMI of Rs. 36,666.67 includes an interest component of Rs. 2,500.00 and a principal component of Rs. 34,166.67. The interest component gradually reduces over time, while the principal component increases, leading to a reduction in the outstanding balance until the loan is fully repaid at the end of the tenure.
Here’s a comparison of the interest rates and processing fees of CASHe Personal Loan with other 10 Banks/NBFCs.
Lender | Interest Rate | Processing Fee |
---|---|---|
CASHe | 2.50% per month | 3% of the loan amount |
HDFC Bank | 10.50% - 21.50% per annum | Up to 2.50% of the loan amount |
ICICI Bank | 10.50% - 22.00% per annum | Up to 2.25% of the loan amount |
Axis Bank | 12.00% - 24.00% per annum | Up to 2.00% of the loan amount |
Kotak Mahindra Bank | 10.50% - 24.00% per annum | Up to 2.50% of the loan amount |
Bajaj Finserv | Starting from 12.99% per annum | Up to 3.99% of the loan amount |
Tata Capital | Starting from 10.99% per annum | Up to 2.75% of the loan amount |
Fullerton India | Starting from 11.99% per annum | Up to 6.5% of the loan amount |
Capital First | Starting from 10.99% per annum | Up to 3% of the loan amount |
IDFC First Bank | Starting from 10.49% per annum | Up to 3.5% of the loan amount |
IndusInd Bank | Starting from 11.00% per annum | Up to 2.5% of the loan amount |
Note: The interest rates and processing fees mentioned above are indicative and may vary based on various factors such as the loan amount, tenure, and the borrower’s creditworthiness. Borrowers are advised to check with the respective lenders for the latest interest rates and processing fees before applying for a loan.
Here is the contact information for CASHe Personal Loan customer care:
Here are some advantages of CASHe Personal Loan:
Here are some drawbacks of CASHe Personal Loan:
Yes, CASHe Personal Loan offers instant loans to eligible borrowers. The loan application process is entirely online, and upon approval, the loan amount is disbursed within minutes. The entire process of loan application, approval, and disbursal can be completed within a matter of hours, making it an ideal option for those looking for quick and hassle-free access to funds. However, the instant loan approval is subject to the borrower’s eligibility criteria, credit score, and other terms and conditions set by CASHe Personal Loan.
To apply for an instant Personal Loan from Axis Bank, customers can use the bank’s mobile app or website and complete the application process within a few minutes. The bank uses advanced algorithms to assess the borrower’s creditworthiness and eligibility for the loan, and if approved, the funds are credited to the borrower’s bank account within a few hours of loan approval.
CASHe Personal Loan provides various repayment options to make the repayment process convenient for borrowers. Here are the different modes of repayment.
It is important to ensure that the EMI payments are made on time to avoid late payment charges and negatively impact the credit score.
CASHe Personal Loan offers loan amounts ranging from Rs. 1,000 to Rs. 4,00,000, subject to the eligibility criteria of the borrower. The minimum loan amount that can be availed through CASHe is Rs. 1,000, while the maximum loan amount is Rs. 4,00,000. The loan amount that can be availed by the borrower depends on various factors such as income, credit score, repayment capacity, and other terms and conditions set by CASHe Personal Loan. It is important to note that the loan amount approved by CASHe may vary for each borrower based on their eligibility criteria.