CASHe Personal Loan for Meeting Instant Needs

CASHe is a mobile app that helps you borrow money instantly. To use the app, you just need to insert a few details. Once you’re done with the same, check your loan offer and borrow an amount easily. But you need to meet the CASHe Personal Loan Eligibility Criteria to borrow a lump sum amount. One aspect of the eligibility criteria is the income requirement that varies  based on your loan amount. Read more to learn more about it..

How Can CASHe Personal Loan be Yours?

Download the app, log in and apply for the loan amount. To log in, you can use your Google, Facebook or LinkedIn account. Once you’re logged in, check your loan eligibility using the app.

If you find the desired loan amount from the lender, proceed with the online application and expect its disbursal  in your bank account.

How Does CASHe Determine Your Loan Amount?

CASHe determines your loan limit using the below factors –

Income 

Your monthly income lets the lender know how much you’re capable of repaying. Check the pointers below and see how your loan amount is decided –

  • With an INR 12,000 monthly income, you can borrow  from INR 1,000 to 1.10 Lakh
  • An applicant with a salary of INR 22,000 per month will be eligible for INR 25,000 to 2.10 Lakh
  • Those who earn a minimum monthly income of INR 25,000 get a CASHe Personal Loan ranging from INR 50,000 to 2.58 Lakh
  • Salaried earning INR 40,000 per month can borrow from INR 75,000 to 3 Lakh
  • A monthly income of INR 50,000 makes you eligible for a loan from INR 1.25 to 4 Lakh

From the above, you can see how your income decides your loan eligibility.

Credit Score

Besides income, CASHe considers the applicant’s credit score upon deciding on the loan limit. A credit score helps you know your repayment record in three digits. A score of 300 is the lowest credit score and depicts your poor credit history. 

With a credit score 750 or above, you can borrow a CASHe Personal Loan easily. What’s more, you can check your credit score on CASHe. To do so, input your PAN details on the app. In case you find any errors in the score, file a dispute with the credit bureau. 

This way, you can make the score right and borrow the desired loan amount without any trouble. 

Affordable CASHe Personal Loan Interest Rate

An exciting Personal Loan Interest Rate is offered to you from CASHe. And if an applicant earns a significant amount, the door for interest rate negotiation is open to him/her. A good income and a high credit score will help you do so successfully. But before negotiating, it’s important to know the rate itself. Let’s be told that CASHe Personal Loan interest rate is 2.50% per month for a 90-day tenure? If not, check out the range below –

  • 180 days – 2.40% 
  • 270 days – 2.25% 
  • 360 days – 2.25% 
  • 540 days – 2.25%

What is the CASHe Personal Loan Repayment Facility?

CASHe grants tenures from 90 to 540 days for the loan repayment. You can repay the short term loan in equated monthly installments. So, don’t worry about gathering a lump sum amount for the repayment. To repay your loan use the CASHe app and go to the payment services. Check the due date and EMI amount and use any of your UPI-enabled apps for the repayment.

Once the payment is done, you’ll be notified via SMS or email. 

So, using one app only, you can borrow a lump sum amount, repay the same and meet your financial obligations anytime without visiting any branch office.

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