CASHe provides short-term loans of up to Rs. 50,000 and is targeted towards young professionals and the salaried class. The personal loan is credited within minutes and registration only requires minimum documentation. Repaying the loan within 15 days incurs an interest rate of 1.5% after which each additional week attracts an additional 1% per week. Upon confirming eligibility, employed individuals can avail of a loan of up to 40% of their monthly income instantaneously at a rate of interest on par with credit cards. Currently the app works only with Android based smartphones and can be downloaded from here.
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