Cash Credit - Instant Personal Loan Apply Online for Android

Loans range from 1,000 to 100,000

Tenure: 91 days to 15 months. Interest rates range from 0%-29.95% depending on risk profile of customer and product availed

Example: If loan amount is 50,000 & interest is 22% per annum with tenure of 91 days; after deducting any other fees

Interest = 50,000 x 22%/365 x 91 = 2,742

Cash Credit is an Instant Personal Loan App & Credit Platform for Young Professionals across India, where one can apply for Personal Loan Online & avail up to 1 Lakh as Direct Cash Transfer to Bank Account.

Loan Types

Flexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes of app install as direct bank transfer. All you need is your PAN Card, ID & Address Proof, and you can avail from 2,000 to 100,000 for a tenure ranging from 91 days to 6 months.

Personal Loan for Salaried - A personal loan option where you can avail amounts from 10,000 to 1 Lakhs as direct bank transfer for a tenure ranging from 3 to 15 months. All you need is your PAN Card, ID, Address Proof and Salary Proof.

Features

1. 100% Online process

2. Minimal documentation

3. Fast approval

4. Immediate bank transfer

Benefits & Risks

1. Get access to higher amounts & tenures as you repay on time

2. As compliance requirement your payment behaviour is shared with credit rating agencies; based on that your credit score may increase/decrease

Eligibility

1. Indian resident

2. Above the age of 21 years

3. Should have monthly source of income

How to get started

1. Install Cash Credit App

2. Register through your Phone Number

3. Fill your basic details to check first level eligibility

4. Upload KYC documents - ID, Address Proof & PAN card

5. Avail Loan as bank transfer or e-voucher as per your request

Amount, Tenure, Fees & Charges

Loans amount: 2,000 to 100,000, Tenure: 91 days-15 months. Cash Credit charges one-time service fee while onboarding or during upgrade which is 30-350 depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.

Penalty is charged only when someone delays their scheduled payment.

The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42%* and very high-risk customers is 24%-70%*.

In addition to it, GST will be applicable only on the fee components as per Indian laws.

*The higher charges are only for loans of lower amount and lower repayment tenure.

Example

A new low risk customer availing personal loan for salaried can avail a loan of 50,000 at an interest rate of 22%, processing fee of 1,250 for a period of 12 months and onboarding fees of 350. This would translate to an APR 25.2%.

Interest Calculation

If loan amount is 50,000 & interest is 22% per annum; and loan is to be repaid over 12 EMIs, then overall interest payable is 6,157 only. The EMI per month would be 4,680 only.

Contact Us

2. Mail: help@cashcredit.com

3. Call: 0645225203

Address

Nh31, Line Bazar Purnia, Bihar, 854301