CASHe is a mobile application that provides immediate short-term personal loans to young professionals, even to those without a prior formal credit record. Users can obtain loans ranging from Rs 1,000 to Rs 4 Lakh through CASHe, with repayment periods extending up to 1.5 years. The platform employs its unique Social Loan Quotient, an AI-driven credit evaluation system that utilizes alternative data, including smartphone metadata, social media activity, educational background, monthly income, professional experience, and essential KYC information, to determine a borrower's credit reliability.
| Interest Rates | starting from 2.50%* per month |
| Loan Amount | Rs.1,000 to Rs.4 Lakhs |
| Tenure | 3 months to 1.5 years |
| Loan Processing Fee | Up to 3% of the loan amount |
| Minimum Monthly Income | Rs.12,000 |
| Age | 18 years and above |
CASHe Personal Loan includes an interest rate starting from 2.50% per month. The loan amounts available range from Rs 1,000 to Rs 4 Lakhs, with a repayment period of 3 to 17 months. A processing fee of up to 3% of the loan amount is also applicable.
| Loan Tenure | Interest Per Month | Minimum Salary | Maximum Loan | APR |
| 90 Days | 2.50% | Rs 12,000 | Rs 1,10,000 | 30.42% |
| 180 Days | 2.40% | Rs 22,000 | Rs 2,10,000 | 29.20% |
| 270 Days | 2.25% | Rs 25,000 | Rs 2,58,000 | 27.38% |
| 360 Days | 2.25% | Rs 40,000 | Rs 3,00,000 | 27.38% |
| 540 Days | 2.25% | Rs 50,000 | Rs 4,00,000 | 27.38% |
In addition to interest rates, CASHe imposes a processing fee on each loan, which ranges from Rs 85 to 3% of the principal loan amount. The processing fee is lowest for the 90-day loan option, in comparison to the longer durations of 180 and 540 days.
| Personal Loan Tenure | Processing Fee |
| For 90 days |
Rs 85 for loan amounts between Rs 0 to Rs 5,999. Rs 500 for loan amounts between Rs 6,000 to Rs 33,333 1.50% for loan amounts between Rs 33,334 to Rs 99,999 |
| For 180 days | Rs 1,200 or 2% of the loan amount (whichever is higher) |
| For 270 days | Rs 1,200 or 2% of the loan amount (whichever is higher) |
| For 360 days | Rs 1,200 or 2% of the loan amount (whichever is higher) |
| For 540 days | Rs 1,000 or 3% of the principal amount (whichever is higher) |
CASHe provides quick personal loans predominantly to salaried individuals in India. These loans can be used for various purposes such as home renovation, medical bills, urgent expenses, travel, and more. The loan amounts range from Rs 1,000 to 4 lakh, with repayment periods extending from 3 to 17 months. The below-mentioned table shows the loan tenure and amount for various loan options of CASHe
| Loan Tenure | Minimum Loan Amount | Maximum Loan Amount |
| 90 Days | ₹15,000 | ₹1,10,000 |
| 180 Days | ₹25,000 | ₹2,10,000 |
| 270 Days | ₹50,000 | ₹2,58,000 |
| 360 Days | ₹75,000 | ₹3,00,000 |
| 540 Days | ₹1,25,000 | ₹4,00,000 |
Individuals can quickly obtain personal loans for a variety of purposes, including buying gadgets, consolidating debts, covering medical expenses, or managing any other urgent bills.
Purpose: Borrowers have the option to use CASHe's instant mobile loan service for purchasing a new smartphone or for repairing their existing one.
Purpose: Following the pandemic, there has been a surge in global travel for both business and leisure purposes. To cater to this trend, borrowers can access Cashe's instant travel loan to cover various travel-related expenses, such as airfare, hotel reservations, cab fares, and other travel costs.
Purpose: In today's unpredictable times, Cashe's medical loan can be utilized by borrowers to pay for their medical expenses.
Purpose: Borrowers can access CASHe's two-wheeler loan to purchase either new or pre-owned two-wheeler vehicles.
Purpose: CASHe offers a marriage loan to assist borrowers in managing their wedding-related expenses, especially when the budget exceeds the initially planned amount.
Purpose: Borrowers can obtain an education loan through CASHe to cover expenses associated with higher education. This loan can be used to pay for current course tuition fees or to enroll in new courses.
Purpose: Borrowers can access home renovation loans from CASHe to finance various home improvement activities, such as painting, repairs, or adding new fixtures to their homes.
Purpose: Borrowers can take advantage of the consumer durable loan offered by CASHe to purchase home appliances and electronics, including items like LED TVs, air conditioners, and refrigerators for their homes.
Purpose: CASHe offers a specialized loan tailored for purchasing either a new or a pre-owned car.
| Banks/ NBFCs | Interest Rates p.a | Call to action |
| HDFC Bank | 10.50% onwards | |
| ICICI Bank | 10.65% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Kreditbee | 12.25% to 30.00% onwards | |
| Moneytap | 13.00% onwards | |
| Moneyview | 15.96% onwards | |
| Fibe | 30.00% onwards | Apply Now |
| CASHe | 30.00% onwards | Apply Now |
Several crucial factors can impact the interest rates on CASHe personal loans:
Education: Applicants with higher educational levels are often eligible for lower interest rates. This is attributed to their increased likelihood of securing well-paying jobs.
Income level: Individuals with higher incomes typically enjoy lower interest rates, reflecting a perceived better repayment capacity through their credit limit. Conversely, those with lower annual incomes may face higher interest rates due to perceived increased lending risk.
Career stability: A stable employment history and consistent job tenure can contribute to securing lower interest rates, indicating personal and financial stability.
Age: Generally, as applicants age, the interest rates on CASHe App personal loans tend to rise. This is linked to a potential decrease in income levels as retirement approaches.
SLQ score: SLQ is India's first social behavior-based credit rating system which calculates the Social Loan Quotient (SLQ) using Big Data Analytics and proprietary Artificial intelligence, assessing an individual's mobile and social media footprint, education, career, work experience, and monthly salary. This score aids in determining default risk.
Loan amount requested: Higher entire loan amounts often result in higher interest rates. It is advisable to borrow only what is necessary and select a repayment tenure aligned with your repayment capacity.
The table displays the disbursement limits available to borrowers.
| Loan Tenure | Loan Eligibility |
| 90 Days | Upto 110% of net monthly salary |
| 180 Days | Upto 210% of net monthly salary |
| 270 Days | Upto 310% of net monthly salary |
| 360 Days | Upto 400% of net monthly salary |
| 540 Days | Upto 500% of net monthly salary |
Cashe Personal Loan is favored by individuals seeking financial aid due to its straightforward application process, competitive interest rates, and adaptable repayment terms.
There is minimal documentation required for the CASHe mobile app Loan Application procedure:
Entire process and steps to Apply for a Personal Loan Online
Any Indian citizen who is an employed individual with no formal credit history can qualify for a personal loan to avail instant loan from CASHe, provided they meet the lender's other eligibility criteria.
CASHe offers personal loans ranging from a minimum of Rs. 1,000 to a maximum of Rs. 4 lakh.
CASHe uses the reducing balance method to calculate the monthly repayments on its loans. This method involves computing interest only on the outstanding loan principal each month, resulting in a gradual decrease in the interest payable with each payment.
CASHe personal loans can be repaid through banking facilities like NEFT/IMPS/UPI payments which can be made in monthly installments instead of EMI repayments offered by traditional banks and financial institutions. Over the period borrowers can also opt for an auto debit facility.
CASHe Personal Loan interest rate is at 2.50% per month onwards, depending on the loan tenure. The Social Loan Quotient (SLQ) score is used in determining risks and can affect interest rates. Therefore make timely repayments and clear dues on time of your existing previous loans (if any) to have positive SLQ scores with CASHe.
Follow these steps to apply for a Personal Loan with Investmentcover:
To be eligible for a CASHe personal loan, a salaried individual should have a minimum monthly income of ₹12,000.
CASHe provides personal loans to individuals facing urgent financial needs, whether it's covering a new house deposit, unexpected travel expenses, or medical expenses. Both salaried and self-employed individuals can apply, and the loan is typically approved within 48 to 72 hours.
One effective way to improve your chances of obtaining a personal loan is by maintaining a positive credit score and a good credit history, repayment history
Yes, an individual has the option to submit a Cashe personal loan application without providing a salary slip. However, you will need to submit a 3-month bank statement with evidence of salary credits in that account
CASHe offers 5 5-day interest-free grace period to pay your EMI at the end of every month. Delaying the payment further will attract 0.7% flat interest fee( that includes 7 day grace period too)