CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
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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.
The Stashfin credit line is an alternative to personal loans and credit cards. After you have applied and your application has been approved, you will be given a credit limit. You can withdraw any amount of money from within the credit limit and repay it within a fixed period of time. You can do this repeatedly over your entire life without having to close the line of credit and reopen it again.
Credit Limit: Up to 5,00,000
Tenure: Flexible tenure option between 2 months to 36 months
Interest Rate: Starting from 11.99% APR (Rates may differ from case to case)
0% interest up to 30 days
Processing fees: Starts from 2%
Easy application and quick approval process - 100% digital
The interest has to be paid only on the amount utilized
Instant disbursal and funds
All loans are paid via EMIs through electronic payment
Low platform fees and no other hidden costs.
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.
1. Residential Status: Indian citizen and residing in India
For the salaried:
For the self-employed professional/businessman:
For the salaried: Rs. 20,000
For the self-employed professional or businessman: Rs. 21,000
4. Credit Score: 650 and above
The Stashfin Line of Credit comes with minimal documentation. You just have to upload your PAN and Aadhaar cards for KYC verification. You also have to attach your selfie photo.
Step 1: Click on ‘CHECK ELIGIBILITY’
Step 2: Enter the basic details such as Email ID, Pincode, Mobile number, residence city, and employment type.
Step 3: Click on ‘Submit’
Step 4: The message ‘Thank you for applying for Stashfin Line of Credit through CreditMantri’ gets displayed on the screen.
Step 5: Once you have applied successfully, click ‘Install Stashfin App’ to download the Stashfin app.
Step 6: Sign in to the app using your mobile number and OTP
Step 7: Complete the e-KYC - Submit the PAN card digitally
Step 8: Upload your selfie
Step 9: You have now completed the application process, and your application reference number gets displayed on the screen. You can now track the status of the application anytime by clicking the ‘Track your application’ button under the ‘Cards and Loans’ section.
Step 10: After your application gets approved, add your bank details to get the requested amount transferred to your bank account.
Once you have applied for the line of credit, you can track the status of your application on the CreditMantri website. You can do this by clicking the ‘Track your application’ button under the ‘Cards and Loans’ section. The following are the scenarios encountered upon checking your application status.
Case 1: If you have recently applied for the Stashin Line of Credit through other sources, then your application cannot be processed further.
Case 2: If your application has not been approved by the lender, then the message - ‘We regret to inform you that your Stashfin Line of Credit application has been rejected’ gets displayed.
Case 3: If you have not entered the correct data, then your application will be rejected. So, ensure to enter the correct information.
Case 4: If the lender has approved your application initially and is in the process of verifying your KYC, then you can see the message - ‘Your application for Stashfin LOC is being processed by the lender. Please wait…’
Case 5: If your KYC is incomplete, then upload your PAN card image and selfie digitally.
Case 5: If your line of credit amount has been approved, then you can open the Stashfin app on your phone to withdraw the amount.
Case 6: If your bank account has been credited with the withdrawn amount, then the message - ‘Congratulations! Your Stashfin Line of credit has been disbursed’.
1. What is the maximum credit limit given by Stashfin?
The maximum credit limit is Rs. 5 lakhs.
2. Is the tenure of repayment to repay the money withdrawn from Stashfin flexible?
Yes, the tenure of repayment is flexible ranging from 2 months to 36 months.
3. What is the minimum income criteria for Stashfin Line of Credit?
The minimum income criteria for Stashfin Line of Credit is Rs. 20,000 for the salaried and Rs. 21,000 for the self-employed professionals or businessmen.
4. Is Stashfin approved by the RBI?
Stashfin is a unit of Akara Capital Advisors Private Limited, an RBI licensed NBFC registered under the Indian Company Act.
5. What is the credit score required for the Stashfin Line of Credit?
The credit score required for the Stashfin Line of Credit is 650 and above.
6. What is the age criteria to apply for the Stashfin line of credit?
The minimum age for salaried professionals should be 21 years and the maximum age should be 58 years. For self-employed professionals or businessmen, the minimum age should be 23 years and the maximum age should be 55 years.
7. What should be the residential status and citizenship to be eligible for the Stashfin Line of Credit?
The residential status and citizenship should be Indian.
8. Is there a interest free period for the stashfin Line of credit
Yes, the interest rate is 0% up to 30 days
9. What are the documents required for the Stashfin Line of Credit?
The Stashfin line of credit comes with minimal documentation. You have to digitally upload the PAN and Aadhaar and your selfie.