CASHe is an online lending platform that allows salaried professionals to avail short term personal loans up to Rs. 4 lakh. CASHe offers personal loans at an interest rate starting as low as 2.25% per month. These loans come with a flexible repayment tenure starting from 90 days and extend up to 540 days (1.5 years). The following sections discuss key aspects of CASHe personal loan interest rate including the method of calculating interest adopted by the lender, factors affecting interest rate, ways to get low personal loan interest rates from CASHe and more.
CASHe Interest Rate for Different Types of Loans
CASHe offers personal loans at an interest rate starting at 2.25% per month or 27% p.a. The interest rates of CASHe personal loans for different tenures are given below :
| Loan Tenure | Interest Rate (per month) |
| 90 days | 2.50% onwards |
| 180 days | 2.40% onwards |
| 270 days | 2.25% onwards |
| 360 days | 2.25% onwards |
| 540 days | 2.25% onwards |
Comparison of Interest Rates between CASHe and other Banks/NBFCs
The following table shows a comparison of the key features of a personal loan from CASHe with other top online lenders in India:
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 11.25% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.99% onwards | Apply Now |
| HDFC Bank | 10.85% onwards | Apply Now |
| ICICI Bank | 10.85% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 11.99% onwards | Apply Now |
| Federal Bank | 12.00% onwards | Apply Now |
| DMI Finance | Up to 28% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 16.00% - 29.95% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.70% onwards | Apply Now |
| Aditya Birla | 10.99% onwards | Apply Now |
| Moneyview | 14%-36% | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
How to Get Low Interest Rates on CASHe Personal Loan?
The following tips could enable you to avail a lower rate of interest on your CASHe personal loan:
- Minimize your existing debt
- Pay your credit card dues and EMIs on time
- Build and maintain a stable history of employment
- Have a good SLQ (Social Loan Quotient) score
Factors Affecting Interest Rates
Given below are some important factors which can affect CASHe personal loan interest rates:
- Level of education: Generally applicants with a higher level of education are more likely to avail a lower rate of interest on their personal loan as they are more likely to secure good employment opportunities with higher levels of income.
- Level of income: Often applicants with higher income are offered a lower rate of interest on personal loans as they are thought to have better repayment capacity and are less likely to default on repayments. On the other hand, applicants with lower annual incomes are often charged a higher rate of interest on personal loans as they pose a relatively higher risk to the lender.
- Career experience: Having a good stable history of employment and a steady job can help you avail a lower rate of interest on personal loans as it indicates personal and financial stability.
- Age: Usually, with an increase in the age of the applicant, the interest rate charged on personal loans also increases. The reason behind this is that the possibility of an increase in the income level of the applicant decreases as he/she gets closer to retirement.
- SLQ score: The SLQ (Social Loan Quotient) is a dynamic score that CASHe calculates using its own proprietary algorithm. Unlike the traditional credit score, this scoring method is unique to CASHe and may be described as a social media behaviour-based credit rating system. This score helps CASHe determine default risk based on an individual’s mobile and social media footprint, education, career, work experience, monthly salary, etc.
- Loan amount desired: Often higher loan amounts result in personal loans being offered at higher rates of interest. So you should only borrow an amount that is absolutely necessary and choose a repayment tenure that is best suited to your repayment capability.
FAQs
Q. Who can avail a personal loan from CASHe?
All salaried individuals can avail a personal loan from CASHe, provided they meet the lender’s other eligibility criteria.
Q. What is the minimum and maximum loan amount that I can avail as a personal loan from CASHe?
You can avail a CASHe personal loan starting from as low as Rs. 1,000 and up to Rs. 4 lakh.
Q. Which method does CASHe use to calculate the interest payable on its personal loans?
CASHe makes use of the reducing balance method to compute the EMI payable on its personal loans. This method involves calculating interest only on the outstanding loan principal every month and thus, the interest payable decreases with every EMI payment.
Also read about CASHe Personal Loan Customer Care.
Q. How can I repay my CASHe personal loan?
You can repay your CASHe personal loan through NEFT/IMPS/UPI payments made every month in lieu of EMI repayments of the loan.