Every year tons of people move to Mumbai, the city of dreams. Being the financial and commercial capital of the country, Mumbai offers multiple career opportunities in various industries. However, the cost of living in this city can be very expensive.
This is where a CASHe instant personal loan can come to your rescue. CASHe offers easy personal loans in Mumbai of up to ₹4 Lakh with flexible repayment options. Let us learn more about these instant personal loans, their advantages, and more.
Advantages of CASHe Personal Loan
Availing an instant personal loan in Mumbai can be a great way to fund your immediate financial emergencies. Whether it is for home renovations, purchasing household appliances, or an unplanned medical condition, using a personal loan can help you finance these needs. Here are some of the key benefits of a personal loan:
- No Restrictions on the fund usage
Unlike other loans, which are meant to be used for a specific purpose, personal loan funds can be used for any purpose. At CASHe, we do not set any restrictions on the end usage of the funds. You can use the loan amount to renovate your home, fund your dream vacation, purchase any furniture for your home, etc.
- Online application
The CASHe app offers an online application process for personal loans, making it convenient to apply and track your loan status.
- Quick disbursals
If you meet the CASHe loan eligibility criteria, you can get your personal loan approved and disbursed within a day.
- Flexible Loan Tenures
At CASHe, you can choose the personal loan repayment tenure as per your repayment capacity. We offer personal loan tenure options ranging from just 3 months to 18 months. This gives you a wide choice of repayment plans to choose from.
- No Collaterals Needed
Since CASHe personal loans are unsecured in nature, you do not need to pledge any collateral for getting a loan.
- Consolidation of Debt
If you have multiple high-interest debts, taking a personal loan to consolidate them can be advantageous. This can lead to lower overall interest costs and simplify your debt management.
- Building credit
If you manage your personal loan responsibly by making timely payments, it can positively impact your credit score. This can help you secure better financial opportunities in the future.
CASHe Personal Loan Eligibility
The eligibility criteria to avail an instant personal loan in Mumbai from CASHe are:
Citizenship- You must be an Indian citizen
Age- At least 18 years of age
Salary- You must be a salaried professional with a minimum monthly income of ₹15,000
Online Presence- You should have a Facebook or a LinkedIn Account
Documents required for CASHe Personal Loan
The application process for a CASHe personal loan is quick and hassle-free with minimal documentation. Here is a checklist of the documents that you will need to upload on the CASHe app to apply for an instant personal loan in Mumbai:
Photo ID Proof- PAN card and Aadhaar card
Salary Proof- The latest bank account statement showing the salary credited into the account.
Permanent Address Proof- Passport/driver’s license/utility bill showing your name/voter ID card.
Photo Proof- Your selfie
How to Apply for a CASHe Loan
You can apply for a CASHe instant personal loan in a few easy steps. Here’s what you need to do:
Step 1: Download the CASHe app from the Google Play Store or Apple App Store.
Step 2: Sign up and create your profile.
Step 3: Upload basic documents like ID proof, salary proof, and address proof.
Step 4: Choose the loan amount and repayment period that works best for you.
Step 5: Submit your loan application.
Step 6: Wait for the loan approval.
Step 7: Get the loan amount transferred into your bank account.
Why Choose CASHe
CASHe is a great option for personal loans in Mumbai because of its fast approval process, easy online application, and flexible repayment choices. You can borrow up to ₹4 Lakh with repayment periods between 3 and 18 months.
You also do not need any collateral to avail the loan. CASHe is here to make it easy for you to get the funds you need without hassle.
Final Word
While personal loans offer numerous advantages, it is important to be cautious and borrow responsibly. Ensure that you assess your ability to repay the personal loan amount and consider the terms and interest rates to get the best deal. Always read the personal loan agreement carefully before signing to understand the terms and conditions.
FAQs
1.What is the CASHe Personal Loan Interest rate for Mumbai?
CASHe offers personal loans in Mumbai with interest rates between 2.25% to 2.50% per month, depending on your credit score and loan amount.
2.How much can I borrow from CASHe?
With CASHe, you can borrow from ₹1,000 to ₹4 Lakh, though the amount you can avail depends on your eligibility and financial needs.
3.What are the Personal Loan eligibility criteria in Mumbai?
To get a CASHe personal loan, you need to be an Indian citizen, must be at least 18 years old, and should be earning a minimum of ₹15,000 per month.
4.What is the minimum income requirement to get a personal loan in Mumbai?
The minimum income requirement for a CASHe loan in Mumbai is ₹15,000 per month.
5.Why choose CASHe for a personal loan in Mumbai?
You should choose CASHe personal loans in Mumbai for the following reasons:
- Online application
- Quick loan disbursal
- Flexible repayment options
- No need for collateral
- Great customer support
