Personal loans are the short-term credits that a person obtains to meet his/her personal and financial goals. However, the use of personal loans varies from one person to another since it has no end-use restriction.
CASHe is an online platform that provides instant, short-term CASHe personal loans to salaried individuals. They also offer personal loan to those persons who does not have a proper credit history.
What makes a CASHe Personal Loan the Best Borrowing Option?
CASHe personal loan is known for its fast approval, quick disbursal, less paperwork, and many more. Consumers can get a credit of up to Rs. 4 Lakh and a flexible tenure of up to 1.5 years while opting for a personal loan from CASHe. Furthermore, people suffering from low credit scores can also avail of it. These factors make a CASHe personal loan the best borrowing option.
What Are the Advantages of CASHe Personal Loan?
The beneficial factors that make the CASHe personal loan unique in the market are as follows:
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Quick approval
Using CASHe, you can get the approval of your personal loan in just a matter of time. All you need to do is to visit the portal, check the necessary conditions, and documents required, and follow them accordingly.
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Minimal documentation
The amount of paperwork involved while opting for a CASHe personal loan is not complicated. You only have to upload some important documents such as ID proof, address proof, and bank statements to get your loan approved.
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Instant disbursal
Another beneficial factor of this personal loan is quick disbursal. All you have to do is to follow their guidelines carefully. You will receive the credit amount in your bank account within a few minutes or hours after getting the approval.
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Collateral-free
Being an unsecured loan, CASHe personal loans do not require collateral. All it needs is proper documents and the trustworthiness of the applicant.
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Flexible tenure
The time of repayment for this loan is flexible. It offers you the scope to select loan tenure as per your affordability. In general, CASHe personal loan provides repayment tenure between 3 months to 12 months.
What Are The Eligibility Criteria for a CASHe Personal Loan?
Following are the eligibility criteria for a CASHe personal loan:
- The applicant must be an Indian citizen
- The age limit of the applicant must be between 21 years and 40 years
- Any salaried employee can opt for this personal loan
- The minimum earning of the applicant must be at least Rs. 12,000
What Are The Documents Required for a CASHe Personal Loan?
Following is the list of the following documents needed while acquiring a CASHe personal loan:
- Identity proof (comprises PAN card, Aadhar card, voter ID card, passport, or driving license)
- Address proof (comprises Aadhaar card, ration card, or driving license)
- Proof of residence ownership (includes electricity bill, property papers)
- Income proof (includes salary slips of the previous 3 months and bank statements of the previous 6 months)
What Are the Factors That Affect CASHe Loan Interest Rate?
The following five factors that affect CASHe loan interest rates are as follows:
- Age
- Income
- Working experience
- Amount of loan
- CIBIL score
What Are the CASHe Personal Loan Interest Rates on Different Loan Tenures?
The CASHe loan interest rate on the personal loan varies from tenure to tenure. The table mentioned below will make you understand better:
| Interest Rate | Tenure |
| 2.50% per month | For 90 days |
| 2.40% per month | For 180 days |
| 2.25% per month | From 270 to 540 days |
How to Apply for a CASHe Personal Loan?
The steps to apply for a CASHe personal loan are mentioned below:
Step 1: Visit the online portal and select the ‘Apply Online’ option
Step 2: Fill out the application form by entering your details
Step 3: From the list of personal loan partners, choose ‘CASHe’
Step 4: Enter your loan amount and tenure as per your repayment capacity
Step 5: Submit the details and wait for approval
Step 6: After the loan approval, you will receive the credit amount within a few minutes or a few hours
How to Compute EMI for a CASHe Personal Loan?
While applying for a CASHe personal loan, it is better to compute the EMI. However, computing it manually can be problematic as it can cause errors. To avoid this situation, you can use the EMI Calculator. To compute your EMI, you must enter the loan amount you are borrowing, rate of interest, and tenure.
These days, a CASHe personal loan has been a top financial instrument as it is easily accessible, convenient, and customer-friendly. While applying for this personal loan, make sure that you read all its terms and conditions carefully.
