Cash india instant personal loan app review | Cash india instant loan apply process
If you are also in search of new loan app 2023, today new loan app 2023 or any kind of loan app that can provide you loan with fast approval then don’t hesitate to share this post as you are at the right place. So as you can see that today we will talk about one of the new loan applications of 2023 that will help you to be stable financially by providing personal loan or any type of loan that you are in need of . There are many loan apps in the market and one can also apply for loan offline but today’s era is digital era and one can simple apply only by sitting at home. In this post i will talk about a new loan app application of 2023 or you have also guessed the name yes it is Cash india instant loan app. Let’s talk about this new loan app in details :-
Cash india loan app key highlights
| Loan amount | ₹,1000 to ₹2,00,000 |
| Repayment periods | 3 Month to 24 Month |
| APR | 3.5% to 12% per annum |
| Processing fees | from 2.5% to 5% (GST 18% applies) |
| Hidden charges | No Charges |
Cash india loan app features
So before applying for any kind of loan in this new loan application that is cash india instant loan app , one must know the features of that loan app in order to apply the loan and get maximum benefits :-
- The interface of this new loan application is very simple to use.
- there is no need of credit card or cibil score.
- The service is available here 24*7 so that the customer can solve their problem with the help of customer support.
- The approval rate of loan in this app are high.
- The documentation here is easy to do.
- So this was the feature and some benefits you can enjoy of cash india loan app.
Minimum loan amount
Now here comes the loan amount that this cash india loan app will provide to us . firstly we will get to know that what is the maximum loan amount that cash loan app provide and then the minimum amount of loan. The maximum amount of loan that one can avail from cash india loan app is ₹2,00,000 that is 2 lakh rupees.
Maximum loan amount
Now here comes the minimum amount of loan that one can avail from cash india instant loan app. The minimum amount of loan that we can take from this cash india loan app is ₹1,000.
So we have talked about the minimum and the maximum amount of loan that we can get from this cash india loan app. Now let’s move to other points.
Cash india loan app tenure
The tenure of the term of loan plays an important role in the loan application process. Here, in this cash india loan app one can easily avail short term loans and mid term loans. What this means is that you can avail a loan for minimum of 3 months and a maximum of 24 months that is 2 years.
So this was the min and the max tenure rate of cash india loan app.
Cash india loan app interest rate
The interest rate plays a very crucial role in the loan apply process. If anyone do not know the interest rate of that app the the applicant will hesitate to apply for loan . So it is must for everyone to know the interest rate of any loan app. You will be very amazed to know that the APR of cash loan app varies from 3.5% to 12% per annum which is quite good for anyone who wish to apply for loan .
Processing fee
The processing fee is also very important to know. Many loan companies do not tell you the processing fee because of their high processing fee and the person get shocked when applying for the loan. Let me tell you the processing fee of cash india loan app. The processing fee of cash india loan app varies from 2.5% to 5% . On it the GST of 18% is also added so make sure to calculate it accordingly.
Hidden Charges
Now i will tell you the hidden charges by this new loan app that is cash india loan app. you will be very glad to know that the hidden charges of this loan are null that is there are no hidden charges in this cash india loan app.
Example:
Now i will make it more easier for you by giving an example so that you can calculate it easily in your minds. here is a simple example of loan in cash india loan app :-
- Suppose i have taken a loan of ₹5,000.
- The APR on it will be 12 % per annum.
- and i have borrowed it for 60 days that is 2 months , so the interest on it will be = ₹5,000 x 12 %/ 365 x 60 = ₹100
- Suppose the processing fee on it is 3% and on a loan of ₹5000 it will be = ₹5,000 x 3% = ₹125 (Also on which GST apply of ₹27)
- The total cost of loan except the principal amount is only ₹225.
- So i hope this will help you to know more. Now let’s move forward.
Documents Required
For applying any kind of loan in cash india loan app you must know the documents required . The main documents required to apply for loan in cash india loan app are :
- One must possess their Official govt ID proofs.
- Aadhar card and PAN card are must.
- There is a need of KYC documents.
- Latest salary slip.
Eligibility Criteria
The eligibility of cash india loan app is quite simple , you have to just read the below points in order to take loan from the cash india loan app:-
- The person must be of India not any other country.
- The min age here required to apply loan is 18.
- One must have a steady source of income.
- One must possess a bank account.
- One must have all the required documents.
Real or Fake ?
And now the question here arises is that is this loan app real or fake ? Most of you have many doubts so let me clear all of these so that you can take you decision . According to cash india loan app:-
Cash India Instant Personal Loan does not directly participate in lending activities, but only provides a platform for registered Non-Bank Finance Companies (NBFC) or banks to lend to users. and their Nbfc parter – Rathi Finlease Ltd.
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All transactions are secured using 256-bit SSL encryption. We will not share your data with any third parties without your consent. Your data is completely safe with us.
Cash india loan app apply process
Now comes the main process that is to apply for loan in this loan app. The steps to apply for loan in this are truly online and simple which are as follows:-
- Download The app from google play store.
- Now sign up using your phone number of e-mail address.
- Types the One time password in the application.
- Now make a profile.
- Chose the loan amount and loan type .
- Fill all the personal loan details that are required.
- Fill the KYC documents.
- Apply for loan and wait for the approval.
- After the approval the loan amount is directly sent to your bank account.
Conclusion
So in this post we have talked all about new loan app that is cash loan app in details. If you liked this post anout new loan apps then please do comment and share as much as one can.
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