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Cashe Personal Loan Interest Rate

Current Cashe Personal Loan Interest Rates, May 2022

Last Updated 25th Oct 2021

Interest Rate 33.00% - 33.00% Check Best Offers
Tenure Upto 12 months
Processing Fee 1.50%-2% of loan amount, upto Rs. 1200
Loan Amount ₹ 1,000 to ₹ 3 Lakh
Minimum Income ₹ 1,200
Eligible Age 21 to 65 years
Part Prepayment Charges Not allowed
Foreclosure Charges Not allowed
  • You can avail the lowest rates on Cashe Personal loan if you are an existing customer of the bank or working with top corporations.
Apply for Personal Loan @ 10.25%* Get upto ₹ 1,000* Voucher

Cashe Personal Loan Rate of Interest and Charges

  • Cashe offers Personal Loans to salaried individuals at a low rate in comparison to self-employed.
  • Apart from the interest rate, the bank also charges processing fees and penalty fees for pre-payment, foreclosure, and late payment as Cashe personal loan rates and charges.
Cashe Personal Loan Rates and Charges
Interest Rate 33.00% to 33.00%
Part Prepayment Charges Not allowed
Foreclosure Charges Not allowed
Processing Fees 1.50%-2% of loan amount, upto Rs. 1200

Interest rates on Cashe Personal Loans Schemes

Cashe Personal Loan interest rates are lower for existing customers of the bank with a strong CIBIL Score and for those working with reputed corporations with a stable employment history. The lowest rate on Cashe Personal Loan remains unchanged at 33.00% as of 25 Oct, 2021. Cashe also runs special schemes with lower rates for defense, armed forces and government employees. Personal loan interest rate for government employees and defence personnel is different from private salaried employees.

Cashe Personal Loan Rate Comparison with Other Banks

Here is a comparison of Cashe Personal Loan with top lenders based on the interest rate, loan tenure, amount, processing fee, and other charges. It is always better to compare various personal loan lenders before proceeding with the personal loan process.

Particulars Cashe HDFC Bank SBI
Rate of Interest Starting from 33.00% Starting from 10.25% Starting from 9.60%
Loan Tenure 3 - 12 months 12 - 60 months 6 - 72 months
Minimum Age 21 years 21 years 21 years
Processing Fee 1.50%-2% of loan amount, upto Rs. 1200 Upto 2.50% Min ₹ 999 Nil
Maximum Loan Amount ₹ 3 Lakh ₹ 75 Lakh ₹ 15 Lakh
Prepayment charges Not allowed Allowed after 12 EMI's, 2-4% Not allowed
Pre closure charges Not allowed Allowed after 12 EMI's, 2 - 4% Allowed after 6 EMI's, 3%

Cashe Personal Loan Balance Transfer Interest Rates

Cashe personal loan balance transfer facility is ideal for existing personal loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing personal loan with Cashe at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender. Currently, Cashe offers the lowest personal loan balance transfer rate of Nil.

How to Get Low Interest Rates on Cashe Personal Loan?

You can get the lowest Cashe personal loan rate by ensuring the below-mentioned things:

  • Ensure that you are aware of the Cashe personal loan eligibility and documentation requirements beforehand so that you do not end up paying a higher rate as compensation for lack of any document.
  • Ensure that you maintain a good credit score of 650. The higher the credit score, the higher is your chance of getting a personal loan interest rates Cashe.
  • Always check if you are eligible for a pre-approved offer from Cashe to get instant loans at the best rates.
  • Compare lenders to get competitive interest rates. Further, keep track of the loan rates trends, as Cashe may offer lower interest rates in the festive season.
  • If you are a high salary earning employee and work in a reputed firm, then leverage it. Cashe offers lower rates to employees working in top firms drawing high salaries.

FAQs

What is the Interest Rate on Personal Loan in Cashe?

Today, the lowest interest rate on Cashe Personal Loan is 33.00% and ranges up to 33.00%. Borrowers with high income and CIBIL score are eligible for the lowest interest rate. Also, Cashe personal loan interest rates for salary account holders are comparatively lower than that for other customers.

How can I reduce my interest in Cashe personal loan?

You can reduce the interest to be paid on Cashe personal loan by any of following ways: (i) Maintaining a good CIBIL score. (ii) By showing all proofs of income. (iii) By maintaining a good debt to credit ratio. (iv) Applying at peak time when Cashe provides discounted personal loan offers.

Is Cashe personal loan a floating rate loan or a fixed-rate loan?

Cashe is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same whereas in the case of the floating rate the personal loan rates keep varying according to the market.

Did Cashe's personal loan rate drop in 2022?

Presently, Cashe offers personal loans at an interest rate starting at 33.00%. There has been no change in personal loan rates of Cashe since 25 Oct, 2021.

How do I check my eligibility to get a personal loan at a low rate from Cashe?

The lowest rate on Cashe is mostly offered to individuals with high CIBIL and high income. You can check the eligibility for the personal loan at the official website of Cashe. Apart from that, you can also use MyLoanCare Personal Loan Eligibility Calculator to calculate online eligibility without any hassles.

Can I ask for a reduction in the Cashe personal loan interest rate?

You can ask for a reduction in your Cashe personal loan interest rate. However, it depends upon the policy of the bank, whether it allows negotiation or not. Good credit score, high income, and existing relationship with the bank are some of the points which can contribute to the talks going your way.

Is there any need for security or collateral while availing Personal loan from Cashe?

No, there is no need for any collateral or security while availing of a personal loan from Cashe. Cashe personal loan is an unsecured loan; thus, it does not require pledging of any asset as security to avail the loan.

How can I close my Personal Loan from Cashe early?

If you want to prepay your entire personal loan from Cashe, then you can make a lump sum payment. However, you should also inquire about the prepayment and foreclosure charges based on the Cashe personal loan scheme availed by you, before making any decision.

How does Cashe calculate the interest on a personal loan?

The interest for Cashe personal loan is calculated based on the following methods:

Flat rate method:   Under this method, Cashe personal loan rate is estimated on the original loan amount throughout the original loan tenure. Thereby, the principal amount for calculation remains the same. This method is also called the fixed method of Cashe personal loan interest calculation.

Reducing rate method:  As per the Cashe personal loan reducing balance method the interest rate is calculated on the outstanding loan amount. Therefore, the principal component that is paid during the monthly EMI is not chargeable for interest calculation. In this case, the outstanding balance and the interest reduces with time, and the interest is charged only on the remaining principal amount.

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Cashe Personal Loan News - May 2022
  • 2019-05-30 : Women are borrowing more than men, reveals CASHe
    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.
  • 2019-05-17 : CASHe to double lending to Rs. 1,000 crore in FY19, plans to widen travel segment
    CASHe, the app-only digital lending company is aiming to double its loan book during this fiscal. It is targeting disbursements of nearly Rs. 1,000 crore with a special emphasis on the travel segment. The company is also in talks with several online travel companies to expand its travel segment to meet the needs of travellers who apply for personal loans to finance their travel.
*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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