CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
StashFin is a leading name in the market when it comes to providing instant financial assistance to its customers. Consumers can choose between the loans and the line of credit allowed by StashFin up to Rs. 5,00,000 to meet their requirements. The rate of interest on the StashFin Line of Credit starts from 11.99% per annum and the final rate will depend on many factors like customer profile, tenure, etc. StashFin charges nominal processing fees for the same. Customers get instant disbursals of credit within 90 seconds through its app.
Currently not available! for similar products
StashFin is a leading digital lender that provides personal loans as well as a continuous line of credit for the customers to meet their various emergency cash needs. The line of credit can be simply explained as the modified or improved version of personal loan. Customers not only get the benefit of instant personal loan for a considerable duration at competitive interest rates but also the benefit of a credit card wherein they have to pay interest only on the amount withdrawn out of the limit sanctioned to them.
This provides a huge relief in the interest payment as well as gives the customer the benefit of a rolling format of credit. Customers can renew the credit limit available to them upon the payment of the outstanding dues and thus get a continuous line of credit or can withdraw from the limit multiple times. The details of the line of credit provided by StashFin are highlighted below.
The eligibility for StashFin line of credit is similar to that of the personal loans offered by StashFin. StashFin has multifold eligibility criteria set for the customers to qualify for the line of credit. The criteria are relatively broad and ensure maximum reach of this product of StashFin.
The details of the same are mentioned below.
StashFin Line of credit can be applied by any person who is an Indian citizen and is residing in India.
The minimum age to be qualified for the line of credit of StashFin is 18 years.
The line of credit of StashFin can be availed by any person who is self-employed or salaried. Salaried individuals should have a minimum monthly income of Rs. 20,000 to qualify for this product of StashFin.
Valid Bank Account
Another important requirement is to hold a valid bank account. This requirement is also needed to verify the authenticity of the employment by way of salary credits as well as to determine the repaying capacity of the applicant.
The list of documents to be submitted by the applicants along with the application are basic KYC documents as well as documents relating to the income proof of the applicant. The list of the same is given below.
The applicant can submit any of the following documents as identity proof
The applicant can submit any of the following documents as address proof
The applicant also has to provide employment proof as part of the documentation. The employment proof can be the details of the employer. In case of self-employed persons, it can be the details of the business or the profession as the case may be. The customers can contact the customer care of StashFin for further details in this regard.
The income proof is another important document to be provided by the applicant. This is required in order to verify the income eligibility of the applicant. Salaried persons can provide their latest salary slips as income proof. In case of self-employed persons, the applicants have to provide the latest ITR (past 2 years) as income proof.
The customers also have to submit the details of the valid bank account held b y them. This account may also be used for crediting the amount of credit availed by them if sanctioned.
The application process for the StashFin line of credit is digital and very customer friendly. The customers can download the mobile application for StashFin or can visit the official website of the same for applying the line of credit.
The process for the same is discussed below.
After approval of the credit, the customer will get the disbursal of credit limit within 4 hours of approval or as quick as 90 seconds through the mobile application.
The various features and benefits that can be availed by the customers through the StashFin Line of Credit are mentioned below.
Amount available as Credit
The amount of credit available for the customers under the StashFin Line of Credit can be as low as Rs. 500 up to a maximum of Rs. 5,00,000.
Tenure for Credit
The tenure of the credit is flexible and can be up on the discretion of the customer. The tenure of the line of credit can be from a period of 3 months up to a maximum of 36 months or 3 years.
The rate of interest for the line of credit format is charged on the amount that is actually withdrawn from the total limit allowed to the customer. StashFin charges interest at the rate starting from 11.99% on the amount withdrawn from the total credit allowed. The final rate of interest will vary on case to case basis and will depend on the credit profile of the applicant, amount of credit sought and the tenure of the credit.
StashFin provides instant disbursal of the credit upon approval. The customer will get the disbursal of the credit limit within 4 hours of approval when applied through the website. The disbursal is instant, i.e. within 90 seconds, in case the customer applies for the line of credit through the mobile application.
Charges for Line of Credit
The list of charges applicable for the StashFin Line of credit is tabled below.
Card Issuance Fee
Card Replacement Fees
Card Reload Fees
PIN regeneration fee on App
Balance Enquiry through ATM
Rs. 8 per enquiry
Balance Enquiry through App
Transaction History Through App
Charges to Block/Unblock the Card on App
Charges per withdrawal
Rs. 20 (after completion of 10 free withdrawals)
The above charges are subject to changes based on the discretion of StashFin.
StashFin provides the customers the benefit or prepayment of the credit taken. The company does not charge any extra prepayment charges if such prepayment is made after completion of 3 months from the date of availing the credit.
Customers are assured of low processing cost through StashFin for their line of credit. StashFin does not charge any hidden or exorbitant charges for the facility of line of credit provided to its customers. The customers have to pay only a nominal processing charge for availing the line of credit of StashFin.
The other features offered by StashFin are,
1. What is a line of credit?
Line of credit is a form of a continuous loan of fixed limit provided by the lender. The customer can use or withdraw the amount up to the credit limit allowed and pay interest only on such amount and not on the entire limit. Such credit limit although offered for a short term and at easy affordable interest rates, the customer gets the benefit of a continuous or revolving credit or renewal of the credit limit after the payment of dues on each due date.
2. What is the maximum credit allowed under the StashFin Line of Credit?
Customers get credit up to Rs. 5,00,000 under StashFin Line of Credit.
3. What is the rate of interest charged by StashFin?
StashFin charges interest starting from 11.99% per annum for its line of credit. The final interest rate will vary from case to case.
4. Can a person use the StashFin Card to withdraw money from an ATM?
Yes. A StashFin Card can be used to withdraw cash from an ATM. The company provides 10 such free withdrawals post which it will charge the customer Rs. 20 per withdrawal.
5. What is the tenure of StashFin Line of Credit?
Customers get a minimum of 3 months and maximum of 3 years as tenure under the StashFin Line of Credit.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application