The loans availed through the CASHe Instant Personal Loan are disbursed through an NBFC (Non-Banking Financial Company) known as Bhanix Finance and Investment Limited. Approximately, Rs.650 crore worth of loans has been disbursed so far to 1,80,000 customers through the CASHe app.
|Loan Amount||Rs.5,000 to Rs.3 lakh|
|Repayment Tenure||15 days to 360 days|
CASHe is an instant lending app that caters to the various financial requirements of individuals, particularly the young salaried millennials. This fintech product has been launched by TSLC PTE Limited to fulfil the short-term financial requirements of young salaried professionals. Unlike conventional banks that offer loans based on credit scores, CASHe takes into account the Social Loan Quotient of the borrower to process the loan applications. The app empowers professionals to avail loans within minutes and without any paperwork.
CASHe Instant Loan can be availed by applicants who:
While availing a personal loan from CASHe Instant Loan, applicants need to just furnish the below-mentioned documents:
Applicants will also have to also upload their selfie as proof of their photograph. Please note that the above documents have to be uploaded in the .jpg format and also ensure that the documents are self-attested before uploading.
Listed below are the key features of CASHe Instant Loan:
|Official Email IDfirstname.lastname@example.org|
Answer: It is a credit rating system based on the social behavior of salaried professionals. The credit rating system has been developed using Big Data Analytics. Predictive tools and AI (Artificial Intelligence) are used while calculating the Social Loan Quotient of the borrowers. SLQ is linked to various data points that include social media and mobile footprint, monthly salary, education, and work experience. The more time you spend in the digital space, the better it is for your SLQ score.
Answer: It is neither a bank or an NBFC (Non-Banking Financial Company) but a digital platform powered by an RBI-registered NBFC known as Bhanix Finance and Investment Limited. The loan amount disbursed through the CASHe app will be provided by Bhanix Finance and Investment Limited under the regulations of the Reserve Bank of India (RBI).
Answer: The tenure on your loan can be shifted from 15 days to 30 days or to 90 days and 180 days only after the outstanding of your previous loan has been cleared. However, please remember that timely repayments of your existing loans are important for your SLQ scores to be positive.
Answer: Definitely. In fact, repaying the loan amount before your due date will enhance your SLQ score. However, since the disbursed amount is given out only after the deduction of interest payments, it will not be reimbursed.
Answer: Yes, under the CASHeHi5 program, you can refer your salaried friends. For every friend you refer, you will receive Rs.200 and your friend will get a 50% discount on the processing fee on making an application for an instant loan via the CASHe app.
Answer: Unfortunately, no. Since the CASHe app is a mobile application, you will need a smartphone to apply for a loan from CASHe.
Answer: Availing instant cash loans from CASHe does not require you to provide any security or collateral. Only your valid documents will be needed to determine your eligibility for availing the loan.
Answer: The facility offered by CASHe to transfer funds directly from the CASHe app to your family members and friends listed on your contact list is known as CASHe Buddy Transfer. You can send up to Rs.2,000 per contact to a maximum of 5 friends on your contact list.
Answer: It is an EMI card offered jointly by CASHe and Mswipe, a leading payment services provider. The co-branded card enables you to shop for up to Rs.10,000 made at any online or merchant store with a Mswipe terminal. The card comes with a 3-EMI based repayment plan that automatically converts your purchases into EMIs (Equated Monthly Instalments) payable over 3 months. The minimum and maximum purchase set on the card is Rs.2,500 and Rs.10,000 respectively.
Answer: If you have any loan-related queries or issues related, you can write to email@example.com and you will receive a response almost instantly.
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