CASHe Personal Loan
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CASHe Personal Loan and Interest Rates

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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.

CASHe Interest Rates 2024

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.

CASHe Personal Loan Charges and Fee 2024

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%

What is the Processing Fee for CASHe Personal Loan

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)

Types of CASHe Personal Loan in India

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

CASHe Instant Personal Loan 

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.

CASHe Mobile Loan

Purpose: Borrowers have the option to use CASHe's instant mobile loan service for purchasing a new smartphone or for repairing their existing one.

CASHe Travel Loan

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.

Medical Loan of CASHe

Purpose: In today's unpredictable times, Cashe's medical loan can be utilized by borrowers to pay for their medical expenses.

CASHe Two Wheeler Loan 

Purpose: Borrowers can access CASHe's two-wheeler loan to purchase either new or pre-owned two-wheeler vehicles.

CASHe Instant Loan for Marriage

Purpose: CASHe offers a marriage loan to assist borrowers in managing their wedding-related expenses, especially when the budget exceeds the initially planned amount.

CASHe Education Loan

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.

Instant Loan for Home Renovation

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.

CASHe Consumer Durable Loan

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.

CASHe Car Loan

Purpose: CASHe offers a specialized loan tailored for purchasing either a new or a pre-owned car.

Comparison of CASHe Personal Loan Vs Other Lenders

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

Factors Influencing Interest Rates

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.

CASHe Eligibility Criteria and Disbursal limit

  • Applicants must be employed professionals aged 18 years and above.
  • The minimum net take-home monthly salary should be ₹12,000.
  • CASHe provides loans easily to borrowers, even to those who do not have any previous credit history.

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

Why Choose CASHe Personal Loan?

Cashe Personal Loan is favored by individuals seeking financial aid due to its straightforward application process, competitive interest rates, and adaptable repayment terms.

Key Features of the CASHe Personal Loan include:

  • Avail personal loans from ₹1,000 to ₹4,00,000 without the need for guarantors or collaterals.
  • Streamlined 100% paperless loan product application process.
  • Flexible repayment period exceeding 3 months.
  • Benefit from online shopping with no-cost EMI options.
  • Swift disbursal of the loan amount directly to your bank account.
  • Convenient loan repayment through a variety of payment methods.

Documents Required for CASHe Personal Loan in India

There is minimal documentation required for the CASHe mobile app Loan Application procedure:

  • Photo ID Proof: PAN Card
  • Identity Proof: (Driving License/Voter ID/Passport/Aadhaar Card)
  • Permanent Address Proof: Current Address(Driving License/Voter ID/Passport/Aadhaar Card/Utility Bills)
  • Income Proof: Latest bank statements reflecting salary credits
  • Identity Proof: Aadhaar card (Optional)
  • Photo Proof/ Photo Identity Proof(Selfie)

How to apply for a personal loan?

Entire process and steps to Apply for a Personal Loan Online

  • Apply Online: Go to and make a loan request by filling out the personal loan application form and furnishing your personal details, employment, and financial information.
  • Document Submission: Upload the required basic documents on the CASHe website, such as valid identity proof, proof of address, and proof of income, current employment for faster loan application.
  • Loan Approval: Following the verification of your application and proper documentation of your loan terms like loan duration etc., your loan will receive approval. CASHe ensures instant approval, eliminating prolonged waiting times.
  • Loan Disbursal: Upon quick approval, there are quicker loan disbursals, the sanctioned loan amount will be directly transferred to your bank account.


Who is eligible for a personal loan from CASHe?

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.

What are the minimum and maximum loan amounts available for CASHe personal loans?

CASHe offers personal loans ranging from a minimum of Rs. 1,000 to a maximum of Rs. 4 lakh.

How does CASHe calculate the interest on Personal loans?

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.

What are the repayment options for CASHe personal loans?

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.

What is the interest rate for CASHe Personal Loans?

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.

How do I apply for CASHe Loans through Investmentcover?

Follow these steps to apply for a Personal Loan with Investmentcover:

  1. Visit
  2. Open the Personal Loan Application Page.
  3. Provide minimum documentation and financial details. Specify the desired loan amount and provide a personal email. Choose the Personal Loan option.
  4. Select the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  5. Enter your basic details, including company name, years of service, and designation.
  6. Input your details, including full name, PAN, address, date of birth, and gender.
  7. Provide your communication address and income details, then click the 'Submit' button.

What is the minimum monthly income required to be eligible for a CASHe personal loan?

To be eligible for a CASHe personal loan, a salaried individual should have a minimum monthly income of ₹12,000.

For what financial needs can CASHe personal loans be utilized?

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.

How can I increase my chances of securing a personal loan?

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

Can I apply for a Cashe personal loan if I don't have a salary slip?

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

Does CASHe offer any grace period for payment of EMI?

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)

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