StashFin is a digital lending platform that offers financial services including personal loans. You can get loans of up to Rs.5 lakh at competitive interest rates starting at 11.99% p.a. You can choose a repayment period of up to 36 months as well. The company offers fast loan processing helping you get your money as early as possible.
|Interest rate (APR)||11.99% p.a. to 59.99% p.a.|
|Loan amount||Rs.500 to Rs.5 lakh|
|Loan tenure||From 3 months to 36 months|
If you want to apply for a loan from this company, you need to first check if you’re eligible for it. The eligibility criteria are given below:
While applying for a loan from StashFin, you need to submit certain documents to verify your eligibility for the loan. These documents include the following:
StashFin offers various loans including:
The company also offers a Credit Line Card. You can load cash onto the card and use it as credit. You will be charged only for the amount you actually use and not on the entire amount you load onto your card.
StashFin offers you the feature of adding additional funds into your loan account via their top-up facility. However, you can make use of this facility only if you are an existing customer.
Also, you need to pay at least half of your EMIs before you can apply for a top-up loan. Here’s how you can do this:
1. How does the Credit Line Card work?
The Credit Line Card is a card into which you can load money and use as and when you please. You have to use the StashFin mobile app to add money into your card.
2. How much interest will I have to pay if I load money onto my Credit Line Card?
Your interest rate will be determined by the company based on your credit history. Also, you have to pay interest only on the amount of credit you use. Simply loading the money onto your card will not attract any interest.
3. Is the Credit Line Card (CLC) the same as a regular credit card?
You can use your CLC to pay for expenses just like you would by using a normal credit card. You can also withdraw cash from ATMs and earn reward points. But, it is different from a regular card in a number of ways such as:
4. How long will it take for me to get my loan?
Once you apply, StashFin can approve your loan application and transfer the money into your account in as less as 4 hours.
5. Can I apply for a StashFin loan after office hours or on a holiday?
StashFin offers its services entirely online. Due to this, you can apply at any time of your choosing. Non-working hours and holidays don’t affect your application.
6. How can I find out the status of my loan application?
You can get the latest update of your loan application in the following ways:
7. Why was my loan application rejected?
Your loan application may have been rejected because you did not meet the eligibility criteria or your credit history was not good enough.
8. Can I apply for a loan again if my application gets rejected?
Yes, StashFin allows you to re-apply for a loan if your application gets rejected. But, you can re-apply only after 3 months from the date of the previous application rejection and if your credit score has improved significantly.
9. After I apply for a loan, can I cancel the application?
Yes, you can. For this, you have to get in touch with the company.
10. How can I repay my loan?
You can repay your loan in EMIs using the following methods:
11. After I get the loan amount, can I change the date on which my EMIs have to be paid?
Yes, you can request for the date of your EMI to be changed. You have to communicate this to the company at least 7 days before the EMI is due. StashFin will charge Rs.1,500 plus interest charges for changing your EMI date.
12. Can I foreclose or prepay my StashFin loan?
Yes, you can foreclose your loan. However, you can foreclose it only after paying at least 3 EMIs.
13. How can I foreclose my StashFin loan?
After you pay a minimum of 3 EMIs, you can make a foreclosure request and the bank will get an executive to help you out. You can make the request in the following ways:
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