CASHe is a digital lending platform designed for salaried professionals in India seeking quick access to funds. This app provides instant personal loans without the traditional hassles of paperwork or physical collateral. Users turn to CASHe for its streamlined, entirely digital process, which allows for rapid loan approval and disbursal directly into their bank accounts. It caters to various financial needs, from emergencies to planned expenses, making it a versatile tool for modern borrowers.
Digital Application and Instant Approval Process
The journey with CASHe begins by downloading the app and registering with a mobile number and email. Users then complete their profile by entering personal, employment, and financial details directly within the application. The next step involves uploading necessary KYC documents, including a PAN card, address proof, and recent bank statements. Once submitted, CASHe’s algorithm quickly assesses the application. Upon approval, users select their desired loan amount and repayment tenure, leading to near-instant sanction and disbursal of funds.
Flexible Loan Amounts and Customizable Tenure
A core function of CASHe is offering users control over their borrowing terms. The platform provides loan options ranging from ₹50,000 to ₹4,00,000, allowing individuals to request precisely what they need. Furthermore, users can choose a repayment schedule that fits their budget, with tenures extending from 3 to 18 months. This flexibility helps in managing monthly EMI payments effectively, and the CASHe interface clearly displays the EMI amount for each potential loan and tenure combination before finalizing the request.
The CASHe BNPL Service for Online Shopping
Beyond standard loans, CASHe integrates a Buy Now, Pay Later (BNPL) feature. Users can access a pre-approved credit limit to shop with partner merchants online. The process involves selecting CASHe at checkout instead of a debit/credit card. The primary benefit is the ability to make a purchase immediately and break down the payment into smaller, manageable EMIs, often with low or zero interest offers. This service from CASHe turns large one-time payments into budget-friendly monthly installments.
Credit Limit Assignment and Score-Based Rewards
CASHe operates on a unique model where eligibility is determined by a proprietary algorithm called the Social Loan Quotient (SLQ). This score is calculated based on the user’s submitted professional and social data. A higher SLQ score unlocks a higher pre-approved credit limit and potentially more favorable loan terms within the CASHe ecosystem. Users can improve their SLQ over time by maintaining a consistent repayment history, which in turn enhances their borrowing power on the platform for future financial needs.
Secure Document Upload and Data Encryption
Security is integral to the CASHe process. The app provides a secure digital vault for users to upload scanned copies or photos of their KYC documents, including PAN, Aadhaar, and bank statements. All data transmitted between the user’s device and CASHe’s servers is protected by 128-bit SSL encryption, a standard security technology for establishing an encrypted link. This ensures that sensitive personal and financial information remains confidential and safeguarded against unauthorized access throughout the loan application and management lifecycle.
Partner Network for Expanded Financial Products
While CASHe directly offers personal loans and BNPL, it also functions as a financial marketplace. Through collaborations with partner NBFCs and banks, the app provides users access to a wider array of secured loan products. Users can explore and apply for options like gold loans, business loans, home loans, and used car loans all from within the single CASHe interface. This expands the platform’s utility from a source of instant credit to a comprehensive hub for major financial borrowing requirements.
Key Features
Instant personal loans from ₹50,000 to ₹4,00,000.
100% digital, paperless application and approval process.
Flexible EMI repayment options with 3 to 18-month tenures.
Integrated Buy Now, Pay Later (BNPL) service for online shopping.
Funds are disbursed directly to the user’s registered bank account.
Data security ensured through 128-bit SSL encryption.
