CASHe Loan
CASHe loan app offers instant personal loans up to Rs. 3 Lakhs without any security or collateral. These multipurpose loans are offered at a reducing balance interest rate starting from 2.79% per month. The borrowed amount can be repaid in a flexible tenure of 9 months to 1.5 years. The lender also levies a nominal processing fee of 2.5% of the loan amount.
Apply for CASHe Loan @ 2.50% p.m. Interest Rates
CASHe Personal Loan App Details
The following are the key details of personal loans offered through the CASHe loan app:
| Feature | Details |
|---|---|
| Loan Amount | ₹45,000 to ₹3,00,000 |
| Tenure | 9 months to 1.5 years |
| Interest Rate | 2.79% to 3% per month (reducing balance interest) |
| Processing Fee | 2.5% of the loan amount |
| Penal Charges | 0.1% per day (after a 5-day interest-free grace period) |
| Minimum Age | 18 years |
| Minimum Income | ₹40,000 per month |
Note: CASHe is powered by https://bhanixfinance.com/, and the information mentioned here is provided by CASHe.
Features & Benefits of CASHe Loan
- The CASHe credit loan can be availed for the purchase of gadgets, wedding expenses, planning a holiday, medical emergencies, repairs & renovations of the house, etc.
- The maximum loan amount offered is Rs. 3 Lakhs.
- A plain processing fee of 2.5% of the loan amount is charged.
- CASHe personal loan interest rates range from 2.79% to 3% per month (reducing balance interest) on the entire loan amount.
- CASHe offers a 5-day interest-free grace period to pay EMI at the end of every month.
- The application process is instant and takes just 15 to 20 minutes.
CASHe Loan Interest Rates & Charges
- Interest rate: CASHe personal loan interest rate ranges from 2.79% to 3% per month (reducing balance interest) on the entire loan amount.
- Processing fee: 2.5% of the loan (depending on the loan product).
- Penal charges for delayed payment: 0.1% (levied after a 5-day interest-free grace period) per day for any subsequent payment delays.
Compare CASHe App with Other Loan Apps
Below is the comparison table for the CASHe app loan with other personal loan apps:
| App | Loan Amount | Rate of Interest | Tenure |
|---|---|---|---|
| CASHe | ₹45,000 – ₹3 Lakhs | 2.79% – 3% per month | 9 months – 1.5 years |
| Olyv (SmartCoin) | ₹1,000 – ₹5 Lakhs | 1.5% per month onwards | 2 months – 2 years |
| Ram Fincorp | ₹4,000 – ₹2 Lakhs | Up to 35% p.a. | 3 months to 1 year |
| FlexSalary | ₹500 – ₹3 Lakhs | 18% – 36.5% p.a. | Up to 3 years |
| Stashfin | ₹1,000 – ₹5 Lakhs | 11.99% – 59.99% p.a. | Up to 3 years |
| LoanTap | ₹3,000 – ₹5 Lakhs | 15% – 32% p.a. | 1 – 5 years |
| KreditBee | ₹1,000 – ₹5 Lakhs | 17% – 29.95% p.a. | 6 months – 60 months |
| PaySense | ₹5,000 – ₹5 Lakhs | 14% – 36% p.a. | Up to 2 years |
| mPokket | ₹500 – ₹50,000 | 0% – 4% per month | Up to 4 months |
| IIFL | ₹5,000 – ₹5 Lakhs | 12.75% – 44% p.a. | Up to 42 months |
| Freo (MoneyTap) | ₹3,000 – ₹5 Lakhs | 13% – 18% p.a. | 3 months – 3 years |
CASHe Loan Eligibility Criteria
The following are the CASHe loan eligibility criteria:
- The applicant must be an Indian citizen.
- The minimum CASHe loan age limit is 18 years or above for a loan application.
- As per CASHe's SLQ, the applicant’s profile rating should be Good.
- The applicant should have employment and income proof.
- Applicant's minimum monthly income should be Rs. 40,000 or above.
- Having an address proof and a photo ID proof is mandatory.
- The applicant should have an active bank account along with a Facebook or LinkedIn account.
- The applicant should have a smartphone to access the CASHe Instant Loan App and CASHe login.
- You can avail a loan-to-value (LTV) of between 170% and 300% of your net monthly salary, depending on your income and loan tenure.
Documents Required for CASHe Loan
The following are the documents required for the CASHe Personal Loan. All documents must be self-attested and in JPG format:
- PAN Card for photo identity proof
- Aadhaar Card (optional)
- Recent salary slip
- Proof of permanent address: Voter's ID, Driving Licence, Passport, Utility Bills (any one)
- If the current address is different from the permanent address: Utility bills (not older than 2 months) of the current address, Rent Agreement, Leave & License Agreement (any one)
- The latest bank statement showing your salary credit
- Upload a selfie, which will be treated as proof of your photograph
CASHe Login & Application Process
- Download the CASHe personal loan app.
- Log in using your Facebook, LinkedIn, or Google+ accounts.
- Fill in basic details and upload a valid identity proof, latest salary slip, and your bank statement, using the app.
- Once registered, your eligibility will be confirmed within minutes, along with the eligible loan amount.
- Once the credit is approved, the loan amount will be credited to your bank account within minutes.
- The repayment process involves direct crediting of the amount back through bank transfer on the designated due dates.
CASHe Customer Care Details
- For any technical issues related to the CASHe mobile application, sending documents related to your loan application, Bureau score-related matters, or matters related to loan restructuring, you can send an email to support@cashe.co.in.
- For payments-related issues, matters related to NOC/ Statement of Accounts, you can send an email to support@bhanix.in.
CASHe does not interact with the customers over the telephone.
FAQs
CASHe is powered by Bhanix Finance and Investment Ltd., which is an RBI-registered NBFC (Non-Banking Financial Company). It follows the norms laid down by the RBI.
No. CASHe uses its own credit rating system called the Social Loan Quotient (SLQ), a new social behaviour-based credit rating system to offer faster, instant CASHe finance to young millennials who usually do not have a good CIBIL score. This feature makes CASHe one of the best Loan Apps in India.
It is very much necessary to have a smartphone to access the CASHe app.
Payment for CASHe Personal Loan online can be made only through NEFT. CASHe CLN# will be the Account Number and the Beneficiary will be Bhanix Finance and Investment Ltd. The IFSC code will be KKBK0000958. Verify and enter the correct details before transferring the funds.
CASHe Buddy Transfer is a feature wherein money can be transferred from CASHe app to the friends and family members who are listed in the phone contact.
You have to access the Get CASHe screen on the CASHe app and request for a loan. Under the option for transfer of funds, you can either choose a transfer to Paytm or Transfer to Friend. You can choose the Transfer to Friend option and 5 people from your phone contact list. You will have to next specify the amount to be transferred to each of them and confirm. The amount will then be transferred to the selected beneficiaries.
Yes, you can shift your CASHe personal loan tenure from 62 days to 90/180/270 days or 1 year as soon as you clear all outstanding of your previous loan(s). Make sure you make timely repayments of your existing loans (if any) to have a positive SLQ scores with CASHe.
CASHe does not interact with its customers on phone. However, you can email them at support@cashe.co.in for any queries regarding their loan products. They will respond as quickly as possible. If you wish to know about enterprise package, you can send email to partner@cashe.co.in.
To apply for a CASHe loan, the applicant should be at least 18 years of age.
You can apply for an instant personal loan of up to ₹3 lakhs with CASHe, even if your credit score is low. For CASHe loan eligibility CIBIL score is not required. However, as per CASHe's SLQ, the applicant’s profile rating should be Good.
The starting loan amount for CASHe is Rs. 45,000.
Yes, CASHe is an RBI approved platform, powered by Bhanix Finance and Investment Ltd., which is an RBI registered NBFC. This means CASHe follows the norms set by the RBI for financial institutions.
Yes, CASHe offers personal loans up to Rs. 3 Lakhs to eligible borrowers.
If you meet CASHe’s eligibility criteria and submit all the documents correctly, the loan can be approved within a day.
Yes, CASHe can reject a loan application if the applicant does not meet CASHe’s eligibility criteria and internal credit rating system.