Wednesday, 27 July 2016

Don't wait for Salary , Money Needed ? Borrow from CASHe App!!

YES !! CASHe App allows you to borrow money from it.

 Generally these days  employees feel  that month is not coming to an end but the Bank Balance does and they eagerly wait for 1st when salary will come and absorb their worries. Now no worries when you immediately need money and salary is too far. CASHe  allows you to borrow 5000 to 50000  in Indian Rupees .It mainly targets young professionals and salaried class.The personal loan is credited within minutes and registration requires minimum documentation.

 You have to repay the loan within 15 days at an interest rate of 1.5% on the money you borrow after which an additional interest rate of 1% will follow.  Now the amount of loan you can get depends upon your current salary i.e. up to 40% of their  monthly salary.Now How to register. To register, you would need a Facebook or LinkedIn account. The next step includes filling in basic details and uploading your identity proof such as PAN card and AADHAR along with your latest salary slip. You will be then asked to fill your bank details and upload a picture to complete the registration process. Once registered, your eligibility is confirmed within two hours along with the amount you can borrow. The eligibility is calculated using several equations, that also depends on Social Loan Quotient. SLQ mines the borrowers’ social network and requests basic documentation to arrive at the SLQ and a loan eligibility amount. CASHe uses multiple data points to arrive at a credit profile for every customer using SLQ as one of the key data points.You can apply for multiple loans from the eligible amount, provided none of the existing loans are older than 15 days.

Surely the technology taking human problems to next level where you can get a loan within minutes , Can't be as easy as this and what is interesting is the  unique way of identifying people by accessing their social accounts.

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