CASHe is a smartphone application which provides short term unsecured loan to people regardless of their credit history. CASHe is powered by Bhanix finance and investment ltd. It is neither a bank nor NBFCs. It is a FIN tech product. It completely eliminates all human interaction and personal meetings.
Through a simply an application, it provides a complete platform from loan application, repayment schedule, full transparency on complete information about the loan. Anyone can download the app from the Google play store and apple store. It provides loans range from Rs.5000 to Rs.300000 with credit period of even 15 days also and maximum to 180 days and 360 days.
Quick personal loan :
It provides quick short term personal loan within minutes without paperwork.
Minimum documentation :
A person only requires salary slip, bank statement, PAN Card, and addresses proof on a self signed white paper and uploaded through CASHe app.
No collateral security :
It is an unsecured loan. No need to provide any security for availing loan amount.
Referral benefits :
A person can refer the app to his friends and relatives and with every successful referral, they can get Rs.500 and his referred friend also gets a 50% off on processing fee.
Repayment Option :
This mobile application provides short term loan with a option to pay the debt in 15 days, 30 days, 90 days as cashe 15, cashe 30 and cashe 90 describes its products.
The app provides full transparency to its customer about its products. That means no hidden charges and all information about the loan is disclosed up front.
A person has to install the application from Google play store or apple play store.
Then need to register through social media pages like Facebook, LinkedIn.
Fill all the required details and upload basic documents to complete the mandatory KYC verification.
After verification, apply for the loan amount a person wants, based on eligibility criteria.
Then only within minutes, money is sent directly to the borrower‘s bank account.
|ELIGIBLE||Salaried and self employed individual|
|AGE||18 years to 60 years|
|INCOME||Minimum income Rs.15000|
62 DAYS : 3% p.m. on loan amount
90 DAYS: 2.75% p.m.
180 DAYS: 3% p.m.
270 DAYS : 3% p.m. on loan amount
1 YEAR : 3% p.m. on loan amount
FROM 62 DAYS TO 270 DAYS : Flat Rs. 1000 or 3% on loan amount, whichever is higher
FOR 1 YEAR PLAN : Rs.1000 or 3% of the principal, whichever is higher
|LOAN AMOUNT||Rs.5000 to Rs.3 lakh|
|CHARGES||No charges apply|
|RELAXATION||7 days interest free grace period will be offered for repayment of dues at the end of every paying month.|
|ID PROOF||Aadhaar card, PAN Card|
|ADDRESS PROOF||Electricity bill, Driving license, voter id, Passport|
|INCOME PROOF||Latest salary slip, Latest bank statement|
It is a unique feature available on CASHe app where people can transfer fund directly from CASHe app to their relatives or friends in phone contact list. We can choose upto 5 persons from our phone list and can transfer a maximum of RS.2000 per contact. It is not necessary that money can be transferred to only CASHe users. When you transfer to nonuser of app an SMS will be sent to that person. To avail the amount transferred one has to download the CASHe app in his smartphone. In case he fails to download the app within 3 days money will again transfer to the transferor.
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The maximum tenure period for CASHe instant loan is 1 year.
When applying for CASHe instant loan Rs.15000 minimum income is required.
The minimum loan amount is Rs.5000 and maximum loan amount is Rs.3 lakh is taken for CASHe instant loan.
When applying for CASHe instant loan the minimum age is 18 years and maximum age is up to 60 years.
No, there are no other charges applying for CASHe instant loan.
Know More How To Apply ??
Know More About
You're eligible for a Cashe Instant Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Instant Loan is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
|Cashe Instant Loan Details|
|Interest Rate (Monthly reducing balance)||1.75% - 3%|
|Loan Tenure||.08 year to 1 years|
|Pre-closure Charges||Varies with bank|
|Guarantor Requirement||Varies with bank|
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