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Cashe Personal Loan Eligibility Calculator

Cashe Personal Loan Eligibility 2022

Last Updated 25th Oct 2021

Eligibility CriteriaSalaried
Employment Type Salaried employees working in government, private or MNCs companies
Applicant Age21 - 65 years
  • Cashe calculates the amount of personal loan you are eligible based on your net take-home salary and your existing loans or EMIs.
  • Factors such as age, salary, occupation and organisation also determine your Cashe personal loan eligibility.
  • Having a high credit score and better financial stability ensures you can get the maximum personal loan amount.
  • Use Cashe Personal Loan Eligibility Calculator to calculate the maximum loan that you are eligible for.
Personal Loan Eligibility Calculator
Cashe Personal Loan Eligibility

Cashe offers multiple personal loan schemes at affordable rates to customers who fulfil the eligibility criteria for Cashe personal loans. Cashe Personal loan eligibility is based on factors like age, salary, occupation and cibil score. You can avail personal loan from Cashe if you are salaried or self-employed. The eligibility criteria, however, may vary for both salaried and self-employed. Detailed information about these factors is mentioned in the further sections.

Cashe Personal Loan Eligibility based on Age
  • Age: The minimum and the maximum age requirement for availing an Cashe personal loan is 21 years 65 years respectively.
Cashe Personal Loan Eligibility based on Salary
  • Net Income Your eligibility is also determined by your net monthly income. To avail Cashe personal loan you need to have a minimum net income of ₹ 1,200 per month.
  • FOIR FOIR (Fixed Obligation to Income Ratio) is an important parameter to determine your Cashe personal loan eligibility. Cashe takes all your fixed obligations (like rent or current EMIs) into account while estimating your eligibility. The minimum FOIR required to get a personal loan from Cashe is .

Illustration- Mr A who is 25 years old has a net income of ₹ 1,200. He wants to take a personal loan of ₹ 1 Lakh for 12 months. Cashe allows a maximum FOIR of .

Based on the information provided by the applicant the maximum amount he is eligible for is ₹ 0 .

Cashe Personal Loan Eligibility based on CIBIL Score

  • CIBIL Score: When checking eligibility for a personal loan, Cashe will check your complete Credit report, including all past running loans and your payment track record on loans and credit cards. Higher credit score increases your chances for loan approval. Your loan application from Cashe requires a minimum credit score of 650 to be eligible for a personal loan.

Cashe Personal Loan Eligibility based on Occupation

There are other factors related to occupation responsible for the approval of the loan by Cashe, as listed below:

  • Job stability and profession - Job stability is important to improve your eligibility to get a personal loan from Cashe. Your total and current work experience are assessed to evaluate your job stability and profession. Cashe looks for a minimum total experience of 0 months and also looks for applicants who have been employed in the current job for a minimum of 0 months.
  • Residence place and stability – Cashe has a pre-decided list of areas where the bank will lend the loan. Cashe also gauges your residential stability by checking on the number of years you have been staying in your current residence. If you are staying in your own residence, it improves your chance of getting a loan from Cashe. The minimum residence stability to be considered by the bank is 12 months.
  • Industry Type – Cashe has a negative list of professions and types of industry, defined as a customer or industry segments to which they will not give the loan. So, your chances of getting a loan approval also depend on the profession and industry you are employed in.
  • Salary Mode – Cashe considers salary transferred to the bank account as a secure and stable income with adequate income proofs. It is because the bank needs concrete evidence of your salary to support your loan amount.

How to Check Personal Loan Eligibility in Cashe?

To check Cashe personal loan eligibility you need to follow these steps:

  • Login to Cashe website
  • Go to Cashe personal loan
  • Now, check the eligibility criteria using the Personal Loan Eligibility Calculator. For this fill the required details such as Name, loan requirements, salary, age, etc.

You can also check Cashe personal loan eligibility offline by sending a SMS to Cashe. Send PAPL to 567676 to check your eligibility

In addition to this, you can also contact the bank at their customer care number, .

Cashe Personal Loan Eligibility for Self Employed

If you are a self-employed professional, you need to fulfil the following Cashe personal loan eligibility criteria

  • Must be an Indian citizen with a professional degree holder like CA, CS, Doctor, Architect etc with degree registration.
  • You must be a minimum of 21 years at the time of loan application.
  • You must have filed ITR for atleast months to get a personal loan from Cashe.
  • You must have a gross annual of more than .
  • Your credit score must be above 650 to get an Cashe personal loan.

Check Personal Loan Eligibility of Different Banks

FAQs

Am I eligible for Cashe personal loan if my CIBIL score is less than 300?

It is unlikely that you will be able to avail Cashe personal loan if your CIBIL score is less than 300. A credit score of less than 300 then it is considered a bad score and to avail of a personal loan from Cashe, you must have a credit score above 650.

How much work experience is required for a personal loan from Cashe?

To get a personal loan from Cashe, you must be an earning individual working in a central/state government, private company or MNC.You must have a minimum work experience of 0 months for an Cashe personal loan.

What is the maximum loan amount an applicant can get?

The maximum loan amount you can get as a personal loan from Cashe is up to ₹ 3 Lakh.However, the eligibility criteria for every borrower is different and is based on various factors like age, employment etc.

Will CIBIL Score affect my personal loan from Cashe?

Yes, CIBIL Score does have an impact on your personal loan. A good score indicates a good repayment record and hence most banks avoid giving loans if you have a low credit score. The minimum CIBIL score for a personal loan is 650 and above.

Does adding a co-applicant increase personal loan eligibility?

Yes, adding a co-applicant increases your eligibility for an Cashe personal loan as it increases your repayment capacity. While availing loan from Cashe ensure that you add a co-borrower who has good income flow, limited fixed obligations and a strong credit score.

Do I need to have a guarantor to apply for a personal Loan from Cashe?

A personal loan is an unsecured loan, so Cashe assures that the amount gets repaid on time. However, if your credit score is good and there is no default in your past repayment history, you do not need a guarantor to get a loan from Cashe.

Where can I get the company list which is eligible for Cashe personal loan?

Cashe does not prefer lending personal loans to companies identified under customer or industry segments. For details you can contact Cashe or can use the personal loan eligibility calculator.

What is Pre-approved personal loans (PAPL) in Cashe?

I pre-approved personal loan is an instant personal loan that Cashe offers to the existing customers of Cashe with a good repayment history and CIBIL score.

How much personal loan can I get if my salary is 35000?

Cashe personal loan amount eligibility depends on FOIR and multiplier. The lower amongst these two factors are considered as the eligible loan amount. Cashe FOIR is , and the multiplier is 0 assuming you do not have any EMI going on. Thus, the maximum amount you can pay as EMI is ₹ 35,000* Multiplier = ₹ 15,750. If you take a personal loan for a maximum of 5 years, your loan amount will be ₹ 15,750*12*5 = ₹ 9,45,000. However, the multiplier is 0 the loan amount will be ₹ 35,000* 0 = ₹ 5,25,000. Therefore, the amount you will get on a ₹ 35,000 salary is ₹ 5,25,000.

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Cashe Personal Loan News - Jun 2022
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    An online lending company, CASHe has revealed in a survey that women are opting for more loans as compared to men. They have witnessed an increase of nearly 15%-18% in women who are opting for loans like personal loans, travel loans, wedding loans, credit cards than men in the past two years to meet their financial requirements.
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*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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