If you’re considering taking a loan from a mobile app, it’s crucial to conduct thorough research and evaluate the app’s reviews to ensure its reliability and security. One such app is CASHe, which has gained popularity in the loan market.
This article aims to provide an unbiased review of CASHe and its features, helping you determine if it’s the right choice for your loan needs.
Introduction: CASHe App Overview
CASHe App is a well-known Indian loan application that provides unsecured short-term personal loans ranging from ₹15,000 to ₹4,00,000. It caters to the diverse loan needs of individuals, offering loan tenures ranging from 3 months to 18 months. With its popularity among borrowers, CASHe has amassed over 10 million users and achieved a rating of 3.6 on the Google Play Store.
How CASHe Works
CASHe App offers a simple and convenient process for obtaining instant personal loans. The loan amounts range from ₹15,000 to ₹4,00,000, and the repayment tenure varies between 3 months and 18 months. The app caters to both small and significant financial needs, providing flexibility to borrowers.
CASHe App Loan Interest Rates and Charges
Interest rates on loans obtained through the CASHe app can vary up to a maximum of 30.42% per annum. The specific interest rate is determined based on the borrower’s eligibility. Individuals with higher incomes and complete KYC documentation may be eligible for lower interest rates.
In addition to the interest rate, borrowers are required to pay a processing fee ranging from 2% to 3% of the loan amount. It’s important to factor in these charges while assessing the overall cost of the loan.
Documents and Eligibility Criteria for Taking a Loan
To avail a loan through CASHe, you must meet certain eligibility criteria and provide the following documents:
Documents:
- Valid mobile number
- Aadhar Card / Voter ID / Passport / Driving License
- PAN card
- Email ID
- Bank statement
- Salary slip
- Selfie
Eligibility Criteria:
- Indian citizenship
- Salaried employment
- Minimum age of 21 years
- Minimum salary of ₹12,000 per month
- Salary deposited directly into a bank account
- Availability of all KYC documents
How to Get an Instant Loan from CASHe
To obtain a loan from CASHe, follow these simple steps:
- Download the CASHe app from the Google Play Store or App Store.
- Grant the necessary permissions as requested by the app.
- Login to the app using your preferred social media account.
- Enter your mobile number and verify it by entering the OTP received.
- Provide personal information such as name, address, salary, gender, date of birth, PAN number, pin code, and city.
- Set an MPIN and enter your current address details.
- Indicate the loan amount you require and complete your profile by entering personal and reference information.
- Fill in your professional information, including salary, office details, and residence.
- Enter your bank details, including the bank name, account number, and IFSC code.
- Upload the required photos of the requested documents for verification.
- Return to the home page and click on “Get Loan.”
- Select a loan offer from the available options and apply.
- Once your application is submitted, it will undergo verification, and the loan amount will be transferred to your bank account.
Features of CASHe Loan App
CASHe App offers several features that set it apart from other loan apps:
- Approved by the Reserve Bank of India (RBI)
- Provides personal loans, credit lines, and buy-now-pay-later options
- Offers competitive interest rates on loans
- Transparent and straightforward fee structure without hidden charges
- Fully digital loan application process
- Flexible loan tenures ranging from 3 months to 18 months
- Personal loan options available for various financial needs
- No requirement for collateral or guarantors
- User-friendly interface for easy navigation
- Minimal documentation required
- Multiple payment methods for loan repayment
Conclusion
Based on the reviews and feedback shared by users, CASHe App has received mixed responses. While some users have praised its promptness and loan limits, others have expressed dissatisfaction with the customer support and difficulties faced when applying for subsequent loans.
When considering using CASHe App for your loan requirements, it’s crucial to weigh the pros and cons highlighted in this article. Assess your specific needs and preferences to determine whether this app aligns with your expectations.
We hope this comprehensive review of the CASHe App Loan has provided you with valuable insights. Remember, if you require further information or similar loan-related content, visit our website for immediate access.