Cash Loan App is a trusted platform that provides instant loans directly to your bank account with ease. Popular for its fast and simple process, the app offers flexible loan amounts ranging from ₹1,000 to ₹4 lakh.
You can avail of personal loans up to ₹4,00,000 and credit lines up to ₹2 lakh, with repayment terms ranging from 3 months to 12 months, designed to suit working professionals.
What is a Cash Loan App?
The Cash Loan App is a popular platform offering instant personal loans ranging from ₹1,000 to ₹4 lakh. These loans are available for tenures of 3 months to 18 months. Additionally, users can access a credit line of up to ₹2 lakh and explore investment options such as Digital Gold, SIP, and Fixed Deposits (FD).
What is a Credit Line Loan?
A Credit Line Loan functions similarly to a credit card. You get a pre-approved credit limit based on your credit score. You can use any amount within the limit and only pay interest on the amount used. Cash Loan App offers credit lines ranging from ₹15,000 to ₹2 lakh, depending on your credit score and profile.
Benefits of Cash Loan App
- Instant Loan Approval: Get a loan from your phone without visiting a bank.
- High Loan Amount: Borrow up to ₹4 lakh.
- No Prepayment Required: No upfront payment needed before loan disbursal.
- No Collateral Needed: Loans are granted without security or guarantors.
- Minimal Documentation: Easy application with basic documents.
- Flexible Repayment: Tenures of up to 18 months.
- Quick Disbursal: Funds are transferred directly to your bank account after approval.
- KYC-Based Application: Complete your KYC online to get a loan.
- Reusable Credit Line: Once approved, you can withdraw funds multiple times within your limit.
Eligibility Criteria for Cash Loan
- Indian Residency: You must be a resident of India.
- Age Limit: Applicants must be between 22 and 55 years old.
- Mobile Number Linked with Aadhaar: Mandatory for verification.
- Stable Income Source: Proof of monthly income is required.
- Bank Account: A savings account with internet banking access is essential.
- Smartphone and Internet Access: Necessary for loan application and management.
Required Documents for Cash Loan
- Aadhaar Card
- PAN Card
- Income Proof
- Bank Statement
- Selfie Photograph
Loan Options Available
- Cash 90: Loan of ₹6,000 to ₹11,000 for 90 days (Minimum salary: ₹12,000/month).
- Cash 180: Loan of ₹25,000 to ₹2,15,000 for 180 days (Minimum salary: ₹22,000/month).
- Cash 270: Loan up to ₹2,58,000 for 270 days (Minimum salary: ₹25,000/month).
- Cash 360: Loan up to ₹3 lakh for 12 months (Minimum salary: ₹40,000/month).
- Cash 540: Loan up to ₹4 lakh for 18 months (Minimum salary: ₹50,000/month).
How to Apply for a Cash Loan
- Download the App: Install the Cash Loan App from the Play Store or App Store.
- Sign Up: Register using your social account or mobile number.
- Fill in Details: Enter your personal details, such as name, address, and date of birth.
- Upload Documents: Upload KYC documents, including Aadhaar, PAN, and bank statements.
- Check Eligibility: If eligible, you will receive a loan offer.
- Select Credit Line: Choose the required credit amount and accept the loan terms.
- Complete NACH Setup: Set up automatic payments through internet banking.
- Loan Approval: Once submitted, your loan will be approved within hours, and funds will be disbursed.
Important Considerations
While Cash Loan App provides quick loans, interest rates can be high. If you find lower interest rates elsewhere, it might be beneficial to explore those options first. Use this service as a last resort when no other alternatives are available.
