“CASHe is the ideal platform for consumers to take control of their short term finances”, said Mr. V. Raman Kumar, Chairman of TSLC PTE LTD. “Today’s young professionals have different aspirations and needsnotvery well addressed by the present banking system. We are simplifying their borrowing experience with CASHe. With this new smart phone platform we will be providing immediate cash loans based on their social profile, merit and earning potential using our proprietary algorithms and machine learning. All loans through CASHe will be disbursed by One Capitall Ltd. An RBI – registered NBFC. ” he stated.
CASHe provides short-term loans of up to Rs. 50,000 and is targeted towards young professionals and the salaried class. The personal loan is credited within minutes and registration only requires minimum documentation. Repaying the loan within 15 days incurs an interest rate of 1.5% after which each additional week attracts an additional 1% per week. Upon confirming eligibility, employed individuals can avail of a loan of up to 40% of their monthly income instantaneously at a rate of interest on par with credit cards.
The process of registering seems to be a breeze. 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.
By providing basic information on a smart phone, professionals can avail of – within minutes – a convenient 15-day loan for a one-time processing fee with no other hidden costs, no painful paper work and no human interaction. CASHe’s target clients are young professionals between 20-35 years old.
CASHe uses sophisticated proprietary technology that mines the borrowers’ social network and requests basic documentation to arrive at a “Social Loan Quotient” (SLQ) and a loan eligibility amount. Using multiple unique data points to arrive at a distinct credit profile for the customer, CASHe will transform traditional credit measurements, providing financial inclusion to underserved young professionals who are kept out by traditional credit rating and banking systems.
The app provides loans only to salaried personnel and does not accept requests from self-employed folks or from businessmen. You can apply for multiple loans from the eligible amount, provided none of the existing loans are older than 15 days.
About CASHe
CASHe, a fin-tech product from TSLC PTE. LTD., is as unique as the young professionals it serves. In a smart digital world, CASHe offers millennials quick and easy personal loans through processes that are transparent, innovative and tuned to the times. CASHe utilises sophisticated algorithms and machine learning capabilities to deliver an amazing and improved lending experience to our customers, thereby helping young professionals achieve their financial goals effortlessly. CASHe is India’s only cash giving app that offers instant transfer of funds for approved applicants. An initiative established by a visionary founder whose last venture was valued at over a billion dollars, CASHe is brought to you by a team known as much for its expertise and experience in technology, banking, AI and big data analytics as it is for its past entrepreneurial success.
Download CASHe: Google Play
More Details: CASHe
