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How Does The CASHe Credit Line work?

  • The Credit Line facility from CASHe allows you to have a personal cash reserve of up to ₹ 4 Lakh at your disposal. Now you can draw any amount within your eligibility at any time and receive the money into you bank account instantly. What’s more, you are only charged interest on the money spent and not on the overall approved limit.

    The Credit Line facility also offers you to choose an existing retail loan from CASHe as well as gives you the flexibility to opt for multiple Buy Now Pay Later (BNPL) loans to fund your purchases from popular online shopping sites like Amazon and Flipkart.

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Why Choose the Credit Line from CASHe?

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Kabir earns a monthly salary of
₹ 30,000. He is unable to save enough money to cover his monthly expenses.

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Since he wasn’t too keen on approaching a bank for a personal loan, he chose to apply for a Credit Line facility from CASHe.

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CASHe’s quick and easy application process allowed Kabir to avail a Credit Line based on his eligibility.

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With an approved credit line at his disposal, Kabir can now opt for a short-term unsecured loan from CASHe as well as purchase his necessary household items from Flipkart and Amazon.

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Enjoy Multiple Benefits of Availing the Credit
Line from CASHe

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  • Get funds up to ₹ 4 Lakh payable over 1 year.

  • Easy application process and instant disbursals.

  • Withdraw only as much as you need and repay in easy EMIs.

  • The Credit Line lets you borrow money and repay it, often on a revolving basis without applying for a new loan.

  • Get the flexibility to apply for a personal loan and shop on online retail stores

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How to Apply for Credit Line

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Credit Line Configuration

  • Tenure

    1 year

    from the date of approval

  • Interest charged

    2.50%

    On BNPL Loans, additionally we charge broken interest as applicable

  • Processing Fee

    ₹500 or 1%

    of the loan amount, whichever is higher.

  • Max Loan Eligibility

    500%

    of Net monthly salary

FAQs

  • Is there a specific limit that I can borrow up to in the Credit Line?

    The Credit Line allows you to borrow up to ₹ 4 lakh payable in 12 easy EMIs. However, the maximum amount that you can source from the Credit Line is decided by us based on your eligibility. The approved amount depends on factors such as your current salary, credit score and credit history.

  • Why am I charged a broken interest?

    Broken interest is a dynamic concept where interest is charged because the time between the date of disbursal and the first EMI is more than 30 days. The interest is charged on the balance of the days beyond the 30 day period. At CASHe, a broken interest of 2% per 30 days is applicable on all shopping loans.

  • Can I withdraw the full amount made available to me in the Credit Line at once?

    Yes, you have the option to withdraw 100% of the amount or parts of it as per your convenience.

  • Can I shop simultaneously on Flipkart and Amazon with the Credit Line available to me?

    Of course! You can shop simultaneously on these online retail stores as well as choose to opt for a personal loan with CASHe.

  • Am I required to submit all necessary documentation to apply for a Credit Line?

    Yes, the application process remains the same as applying for a personal loan from CASHe

  • What is the salary eligibility to avail a Credit Line?

    The minimum salary eligibility to avail a Credit Line is ₹ 15,000 net per month.

  • Does the app break down all the numbers for me?

    Our app helps you understand every single aspect of the credit line with easy number crunching. Just use our online calculators and sliders to get the exact breakup of the loan amount, broken interest, the loan products you can choose from (based on your eligibility) and EMI payable, among others.

  • How many loans can I take simultaneously?

    During the tenure of your credit line tenure, you may take one retail loan and multiple shopping loans simultaneously, within your credit limit.

  • Can companies take this credit line?

    No, we offer our credit line only to individual customers who are salaried, earning above ₹ 15,000 net per month as a direct account transfer from their employer.

  • Is a penalty fee applicable if I default or delay repayments?

    Yes, a penalty fee of 0.7% per week is charged if you default or delay repayments.

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