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Cashe Instant Short Term Loan

Apply Cashe Instant Short Term Loan

Processing Fee

2-3%

Max Tenure

1 – 6 months

Best Rate

3% p.m

View Details

Features

  • Easy and Intuitive mobile-only application
  • No human interface. Only four documents to upload in the application
  • MULTIPLE LOAN TENURES- A choice of repayment options ranging from 15, 30 & 90 days with Products as CASHe15, CASHe30 & CASHe90 respectively.
  • MULTIPLE LOAN OPTIONS- Choose from a variety of loan options from Rs 5,000 to Rs 1,00,000 with Products as CASHe15, CASHe30 & CASHe90.
  • CASHe- powered by Bhanix Finance and Investment Ltd, an RBI registered NBFC

Pricing

  • Interest rate
    • 1.5% (CASHe15)
    • 3.0% p.m (CASHe30)
    • 2.5% p.m (CASHe90)
  • Processing fee - 2-3%

Documents Required

  • ID Proof - Pan card- Mandatory
  • Address Proof - Aadhar card, Driving license, Phone Bill
  • Income proof - Latest salary slip, Latest Bank statement with Salary Credit
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CASHe Short-Term Loan

CASHe is a fintech product from TSLC PTE. LTD. that offers short-term loans to their customers on a very easy to use mobile application. Their application is powered by an algorithm called The Social Loan Quotient (SLQ) that makes a credit profile of their customers that is very different from other lenders. CASHe provides loans in minutes to young professionals without much paperwork. These loans are very quick and can help the individual pay for a sudden expense, plan a trip or organize a wedding.

What is a short-term loan?

A short-term loan is a type of loan that is provided to a customer for a short tenure that usually ranges from one month to twelve months. These are beneficial for individuals who are unable to get loans for a longer tenure from a bank or a lender. Short-term loans are generally unsecured, meaning that you do not have to provide any money or property as security for the loan amount. Short-term loans are also known as short-term instalments or short-term finance.

An introduction to CASHe Short-Term Loan

CASHe provides short term loans that can be availed based on one’s ever changing needs and wants. Loan amounts range from Rs.10,000 to Rs.2,00,000 and the repayment tenures that can be opted for are 15 days, 30 days, 90 days or 180 days. CASHe can be used with ease from one’s smartphone and they provide very quick short-term loans. These loans can be used to make an EMI payment on-time, for paying other monthly bills, for buying a product or for taking a vacation.

Types of CASHe Short-Term Loans

  • Personal Loan:
  • CASHe offers personal loans to their customers if they are in need of funds for emergencies such as paying the deposit for a new house, going on an unplanned trip or paying medical expenses. This can be availed by salaried or self-employed individuals and the loan is generally granted within 48 to 72 hours.

  • Small and Medium Enterprise Loan:
  • CASHe offers small and medium enterprise loans for small and medium scale companies. The eligibility criteria and details of this loan can vary with institution from which the loan is applied for.

Features and benefits of CASHe Short-Term Loans

  • Flexible end use
  • CASHe Short-Term Loans are multi-purpose loans, meaning, they can be utilized for planning a wedding, taking a family trip, upgrading your home, paying for education, buying products such as electronics or furniture, expanding business or paying for a medical emergency.

  • Loan amount
  • CASHe offers loan amounts starting at just Rs.10,000 up to Rs.2 lakh for short-term loans. Customers can choose the loan amount based on personal needs.

  • Interest rates
  • CASHe offers interest rates that begin at just 1.5% per month. Since it is a short-term loan, this works out to be very reasonable for the customer.

  • No collateral needed
  • CASHe Short-Term Loans are unsecured. This means that you do not need to provide any collateral as security for the loan amount.

  • Mobile application
  • CASHe provides an easy to use application that can be installed on a smartphone. The entire loan process can be completed with this app on the phone. This makes it very fast and convenient for the customer.

  • Credit score
  • Usually, a good credit score is not needed for the loan to be approved. This is very beneficial for customers with a low credit score. An individual with no credit score can also apply for a loan with CASHe.

  • Minimal documentation
  • The paperwork and documentation that is needed for the loan approval is very minimal. This makes the entire process fast and easy for the customer.

Eligibility criteria for CASHe Short-Term Loans

To apply for an CASHe Short-Term Loan, there are certain eligibility criteria to meet. They are:

  • Must be a salaried or self-employed individual
  • The individual should be within the age of 21 years to 60 years
  • For a 15-day tenure, 30% of one’s monthly net take home salary can be taken as the loan amount not exceeding Rs.50,000
  • For a 30-day tenure, 40% of one’s monthly net take home salary can be taken as the loan amount not exceeding Rs.50,000
  • For a 90-day tenure, 100% of one’s monthly net take home salary can be taken as the loan amount
  • For a 180-day tenure, 200% of one’s monthly net take home salary can be taken as the loan amount
  • For a 1-year tenure, 360% of one’s monthly net take home salary can be taken as the loan amount

Documents needed for CASHe Short-Term Loans

There are five basic documents that one needs to provide in order to get the loan sanctioned by CASHe. These documents are:

  • Photo Identity proof - PAN Card
  • Proof of residence (Passport/Driver’s license/Voter’s ID/Phone or Electricity bill)
  • Latest bank statement showing your salary credit
  • Latest Salary slip
  • Aadhar card

A selfie is also asked as proof of photograph. Information is used only internally.

How does CASHe work?

  • You need to download the CASHe application that is available on iOS and Android.
  • You then need to register with your Facebook, LinkedIn or Google+ account.
  • You must then fill in the application form and upload 5 basic documents that are needed.
  • You can then enter the loan amount needed based on your eligibility.
  • The loan amount is then transferred to your bank account in minutes.
  • Finally, you can repay the loan in easy instalments.

Fees and charges for CASHe Short-Term Loans

For tenures that range from 15 to 30 days,
  • A flat processing fee of Rs.500 is applicable on loan amounts ranging from Rs.5,000 to Rs.15,000. A flat processing fee of Rs.750 is applicable on loan amounts ranging from Rs.16,000 to Rs.30,000. A flat processing fee of Rs.1250 is applicable on loan amounts ranging from Rs.31,000 to Rs.50,000. A flat 2% processing fee is charged on the principal amount for a tenure of 90 days.

For the 180-day tenure,
  • Rs.1250 is charged as processing fee for loan amounts of up to Rs.1,00,000.
  • Rs.1750 is charged as processing fee for loan amounts ranging from Rs.1,00,000 to Rs.1,49,000.
  • Rs.2250 is charged as processing fee for loan amounts ranging from Rs.1,50,000 to Rs.2,00,000.

Repayment options for CASHe Short-Term Loans

You can repay your CASHe Short-Term Loan’s EMI payments using NEFT. One cannot choose IMPS or cheques for repayments.

  • You must enter your CASHe CLN# as account number in the field called Account number and choose the account name as Bhanix Finance and Investment Ltd.
  • Ensure that the IFSC code is KKBK0000958.

CASHe Short-Term Loans – FAQs

1. What is the loan amount that is given by CASHe?

CASHe offers loan amounts starting at just Rs.10,000 up to Rs.2 lakh for short-term loans.

2. How do I repay my loan amount with CASHe?

You can repay your CASHe Short-Term Loan’s EMI payments using NEFT. One cannot choose IMPS or cheques for repayments.

3. Is there any collateral needed for an CASHe Short-Term Loan?

No, there is no collateral that needs to be provided as security for the loan amount.

4. What is the tenure for CASHe Short-Term Loan?

The repayment tenures that can be opted with CASHe are 15 days, 30 days, 90 days or 180 days.

5. Are there any benefits of referring a friend to CASHe?

The CASHeHi5 offer allows you to refer as many salaried friends as you like, and each successful referral gets you Rs.200. Your referred friend gets a 50% off on the processing fee when he/she applies for a loan with CASHe.

News

CASHe announces a partnership with M-Swipe for offering instant loans5 Dec 2018

CASHe, a fintech company into digital lending has announced a partnership with M-Swipe, a leading POS payment services provider. The company has announced the introduction of co-branded CASHe emi or M-Cards for its customers. These cards come with a ...

Read more

CASHe, a fintech company into digital lending has announced a partnership with M-Swipe, a leading POS payment services provider. The company has announced the introduction of co-branded CASHe emi or M-Cards for its customers. These cards come with a preset approved credit of Rs 10000 with 3 equated monthly repayment plan. Purchases can be made on these cards which will be automatically converted into EMI option for 3 months. The per transaction limit is set at Rs 2500/-. These cards can be used at any M-Swipe terminal or a merchant registered with M-Swipe. The CASHe app will help customers locate such outlets/merchants.

Customer Reviews

4 / 5 (6116 Reviews)
28 Feb 2020

Nice service

24 Feb 2020

Nice process

21 Feb 2020

Good for loans

11 Feb 2020

Good service

3 Feb 2020

Nise experience

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