Cashe Personal Loan @ 2.25% p.m - Get Upto Rs. 4 Lakhs

Cashe Personal Loan

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.

Best Cashe Personal Loan Offer – Get Instant Loan Approval

CASHe Personal Loan Key Highlights

Key highlights of CASHe Personal Loan are given below.

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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
  • Age: 21 to 58 years
  • Monthly income: Rs. 15,000 or more
  • Credit Score: 600 or more
Documents Required
  • Aadhaar card
  • PAN card
  • Salary slips for the last 3 months
  • Bank statements for the last 6 months
Disbursal Time

Within 2 hours of loan approval

Repayment Options
  • Mobile app
  • Net banking
  • Debit card
Benefits
  • Quick and easy loan disbursal
  • Flexible repayment options
  • Competitive interest rates
  • Minimal documentation
Drawbacks
  • High processing fee
  • Short repayment tenure
  • Limited loan amount

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:

  1. Quick and Easy Application Process: CASHe offers a simple and fast application process that can be completed online in just a few minutes. Customers can apply for a loan using the CASHe mobile app or website.
  2. Flexible Repayment Options: CASHe offers flexible repayment options ranging from 90 to 540 days, allowing customers to choose a repayment tenure that suits their needs.
  3. Competitive Interest Rates: CASHe offers competitive interest rates starting from 1.50% per month. The actual rate offered to a customer depends on their credit score, income, loan amount, and repayment tenure.
  4. Minimal Documentation: CASHe requires minimal documentation for loan approval, which includes Aadhaar card, PAN card, salary slips for the last 3 months, and bank statements for the last 6 months.
  5. Quick Disbursal: Once a loan is approved, the funds are disbursed within 2 hours, making it a great option for customers who require quick access to funds.
  6. High Loan Amount: CASHe offers loan amounts of up to Rs. 4,00,000, allowing customers to meet their financial needs easily.
  7. No Prepayment Charges: CASHe does not charge any prepayment penalty on early repayment of the loan.
  8. Multiple Repayment Options: Customers can repay the loan using the CASHe mobile app, net banking, or debit card, making it convenient and hassle-free.

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:

  1. Aadhaar Card: A copy of the applicant’s Aadhaar card is required for KYC verification.
  2. PAN Card: A copy of the applicant’s PAN card is required for identity verification.
  3. Salary Slips: The applicant is required to provide salary slips for the last 3 months to verify their income.
  4. Bank Statements: The applicant is required to provide bank statements for the last 6 months to verify their financial stability and repayment capacity.
  5. Photo: Selfie as photo proof

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:

  1. Email: customersupport@cashe.co.in
  2. Phone: +91-22-6767-6800
  3. Corporate Address:,
    Bhanix Finance and Investment Limited (CASHe),
    5th Floor, G Corp Tech Park,
    Kasarvadavali, Ghodbunder Road,
    Thane West – 400615,
    Maharashtra, India

Here are some advantages of CASHe Personal Loan:

  1. Quick Disbursal: CASHe Personal Loan offers quick disbursal of the loan amount, typically within 8 minutes of approval
  2. No Collateral: : CASHe Personal Loan is an unsecured loan, which means the borrower does not need to provide any collateral or security.
  3. Flexible Repayment Tenure: The repayment tenure for CASHe Personal Loan ranges from 90 days to 1.5 year, giving borrowers flexibility in choosing their repayment schedule.
  4. No Prepayment Charges: CASHe Personal Loan does not levy any prepayment charges, which means the borrower can repay the loan before the end of the tenure without any penalty.
  5. Competitive Interest Rates: CASHe Personal Loan offers competitive interest rates, which are based on the borrower’s creditworthiness.
  6. Easy Application Process: The application process for CASHe Personal Loan is simple and can be completed online in a few minutes.
  7. Minimal Documentation: The documentation required for CASHe Personal Loan is minimal, which makes the loan application process hassle-free.
  8. High Loan Amount: CASHe Personal Loan offers a high loan amount of up to Rs. 4,00,000, which can help borrowers meet their financial needs.
  9. Transparent Process:CASHe Personal Loan has a transparent loan process with no hidden charges, making it easier for borrowers to understand the terms and conditions of the loan.

Here are some drawbacks of CASHe Personal Loan:

  1. High Interest Rates: While CASHe Personal Loan offers competitive interest rates, they can be relatively higher than other loan options available in the market.
  2. Limited Eligibility: CASHe Personal Loan is only available to salaried individuals between the ages of 23 and 58 years, with a minimum monthly income of Rs. 15,000. This restricts the eligibility of potential borrowers.
  3. Short Repayment Tenure: While the flexibility of choosing the repayment tenure is an advantage, the maximum repayment tenure offered by CASHe Personal Loan is only up to 1.5 year, which may not be sufficient for some borrowers.
  4. Processing Fee: CASHe Personal Loan charges a processing fee of up to 3% of the loan amount, which can add to the total cost of the loan.
  5. Mobile App Dependency: CASHe Personal Loan operates primarily through a mobile app, which may not be accessible to all borrowers or may cause inconvenience to those who prefer a different mode of application
  6. Limited Loan Amount: While CASHe Personal Loan offers a high loan amount of up to Rs. 4,00,000, this may not be sufficient for borrowers with higher financial needs.
  7. Credit Score Dependency: CASHe Personal Loan heavily relies on the borrower’s credit score to determine the loan amount, interest rate, and other terms and conditions, which may limit the eligibility of potential borrowers with lower credit scores.

FAQs

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.

  1. Auto-Debit: Borrowers can opt for auto-debit facility, where the loan EMI will be deducted automatically from their bank account on the due date.
  2. Mobile App: Borrowers can use the CASHe mobile app to make EMI payments.
  3. Net Banking: Borrowers can also use their bank’s net banking facility to make EMI payments.
  4. UPI: You can also make cash or cheque deposits at any Axis Bank branch or ATMs across the country.
  5. NEFT/RTGS: Borrowers can make the EMI payment through NEFT/RTGS transfer from their bank account. Account number: CASHe CLN IFS code: KKBK0000958

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.

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