Financial Planning

CASHe Personal Loan App: Information, Eligibility Criteria, Interest Rates, Review & More

CASHe

Are you looking for a quick personal loan? Then CASHe is a great option for you, where you will be able to get short-term loans at low-interest rates. This platform is specifically created to offer short-term loans to young-salaried and self-employed people. The loans are of instant disbursal. You can get personal loans, even if you do not have a credit history.

In this article, you will basically learn more about CASHe loans and the major features of the CASHe app. Furthermore, we will also share some of the major reviews of CASHe, which can be beneficial for you to get an idea of the platform in general.

CASHe – How Does It Work?

CASHe – How Does It Work  

CASHe is a personal loan app that uses a credit scoring mechanism called Social Loan Quotient, which is based on artificial intelligence. In this mechanism, the CASHe app leverages various alternative sources of data coming from smartphones, social media and others.

Furthermore, monthly salary, education, career experience, and basic KYC experiences. This is mainly done to evaluate a loan borrower’s worthiness of credit.

CASHe App: How To Download The CASHe Loan App?  

CASHe App How To Download The CASHe Loan App

The following are the steps that you need to follow to download the CASHe app:

Step 1: Go to Google Play Store on your smartphone.

Step 2: Type ” CASHe ” on the search bar and tap on the search button.

Step 3: Click on the app named ” CASHe”

Step 4: Download and install the app.

You can also use the CASHe promo code to get good offers on loans, as well as various graces on the rate of interest. Apart from the app, you can also visit the CASHe official website to see various details of the loan. If you want to get yourself a loan, go to the instant personal loan section, and click on the “Get a Loan” button.

You will need to fill up a form and choose the type of loan you need. Furthermore, you will need to upload scanned documents about your personal details. After all these documents get properly verified, you will get the loan in no time. You can also get the loan within the same day.

CASHe Loan Details  

CASHe Personal Loan Details
CASHe Interest Rate2.25%
Loan Amount₹1000 to ₹4 lakh
Loan Tenure3 months to 18 months
Minimum Age of Loan18 years
Loan Processing FeeUp to 3% of the loan amount
Minimum Income (Monthly)₹12000
CASHe Loan Websitehttps://www.cashe.co.in/instant-personal-loan/
CASHe Complaints numberNot available on the website

The CASHe interest rates range from 2.25% per month to 2.5% per month (or 27% per annum to 33% per annum), based on the repayment tenure that you have chosen in terms of your loan. Once you have chosen your loan type, you will only need to pay accordingly.

What Are The Eligibility Criteria To Get CASHe Personal Loans?  

Here are the eligibility criteria you will need to fulfill to get an instant personal loan from CASHe:

  • You need to be at least 18 years of age. Minors are not eligible to get loans from CASHe.
  • Your maximum age should not be more than 58 years.
  • You must be at least employed for three months in your current organization where you are employed.
  • You should be able to provide valid income proof. Your monthly income should be at least ₹12000 per month.
  • You can only get a loan where the loan to value is 30% to 200% of your monthly salary. However, it depends on the type of loan that you choose.
  • You can make use of the cashe promo code to get the loans on time.

What Are The Documents Required For Loan Application?  

There are several types of documents that are required for the loan application of the Cashe Loan. You must have the following documents with you that you should make use of the Cashe Loan documents while making the application of personal loan.

  • Photo Identity Proof as well as PAN card.
  • You have to show your latest salary slip and income proof.
  • You must use the Aadhar Card or any identity proof.
  • Permanent Address proof you have to show to get the loan.
  • You need to show up the latest bank statement where your salary is credited.

You need to be well aware of these above factors while you want to get the things done in perfect order. You should take care of the facts that can make things easier and effective for you in all possible manners.

Types Of Personal Loans Available At CASHe

Types Of Personal Loans Available At CASHe

There are various types of personal loans that you will be able to get through CASHe. Different types of loans include car loans, two-wheeler loans, medical loans, education loans, consumer loans, mobile loans, travel loans, and marriage loans. The following are the major types of personal loans options that you will be able to get through the CASHe app:

CASHe 180  

Tenure of the Loan6 months
Minimum Salary required to be eligibleINR ₹22,000
Minimum loan amountINR ₹25,000
Maximum loan amountINR ₹2,10,000

CASHe 270  

Tenure of the Loan9 months
Minimum Salary required to be eligibleINR ₹25,000
Minimum loan amountINR ₹50,000
Maximum loan amountINR ₹2,58,000

CASHe 1 Year (360 Days)  

Tenure of the Loan12 months
Minimum Salary required to be eligibleINR ₹40,000
Minimum loan amountINR ₹75,000
Maximum loan amountINR ₹3,00,000

CASHe 1.5 Year (540 Days)  

Tenure of the Loan18 months
Minimum Salary required to be eligibleINR ₹50,000
Minimum loan amountINR ₹1,25,000
Maximum loan amountINR ₹4,00,000

Other Types Of Personal Cashe Loans Availaible Today  

There are different types of cashe Loans available today that you must be well aware off. You cannot just make your choices in gray. You need to follow some of the essential facts that can make use of the Personal Cashe loans available for you in all possible manner. Some of the key factors that you must be well aware of are as follows:-

  • Instant personal loan.
  • Travel loan .
  • Two-wheeler loan.
  • Mobile loan.
  • Marriage loan.
  • Home renovation loan.
  • Education loan.
  • Consumer durable loan.
  • Car loan.
  • Medical Loan

You can make use of the Cashe Promo code to get some discounts on these mentioned above loans. You must make things work as per your requirements. It will help you to get the desired loans on time. Explore the best loan options that fits your budget and requirements. Otherwise, things can turn worse for you. Cashe offers personal loan based on the loan tenure within a particular point in time.   

The details of getting the loans and its procedures you can get from their sites of paisabazaar.com. It will offer you all the complete details how you can afford these types of loans as you need.

Know Before You Borrow: Things to Consider When Choosing Quick Loan Apps

Things to Consider When Choosing Quick Loan Apps

Read about the factors that are considered when it comes to choosing the right app! If you plan to choose a quick loan app, you must check a few things first. It starts with the following factors:

Easy Application Process

When choosing an instant loan app, ensure the application process is simple and easy. The entire process has to be straightforward and user-friendly.

Always avoid apps with complex application procedures and require too much paperwork. You should be able to complete your application process straight from the smartphone.

Loan Eligibility & Amount

Some of the apps are designed for professionals. On the other hand, when choosing an app, ensure it doesn’t put high bars for loan approvals.

For example, many loan apps require a significantly maintained credit score. Some apps require a good credit score, age limit, etc. 

Interest Rate

Always ensure you get a good interest rate when taking a loan from an instant loan platform. The interest rate decides the overall amount you have to repay throughout the entire lifecycle of your instant loan. Typical

Repayment Options

It’s best to have a flexible repayment option. The repayment option should suit your financial situation. While some of these instant loan providers offer shorter repayment options, others also offer a long tenure.

If you want flexibility with your loan repayments, you should go for providers that allow an extension on your repayment. 

Fast Disbursement

Instant loans are all about your loan getting disbursed as soon as possible. But that’s not always the case. Some instant loan providers often take a long time to disburse the loan amount.

So, when choosing personal loans, ensure you’re getting it from a reliable platform that disburses the loan right after approval. When approved the money should get credited to your account. 

Customer Support

In case you are struggling to get the loan approved or want assistance regarding repayment tenures and flexibility, there should be a customer support team helping you.

Whether during your repayment tentures or during application, the customer support team of the loan platform should help you. So, always choose a platform with a reliable customer support team. 

CASHe 1.5 Year (540 Days)  Reviews – CASHe Review, CASHe Loan Review, And CASHe App Review

Let us go through the reviews that are significant in understanding the apps where you can get a loan. Here are some of the major CASHe loan reviews that you must look for:

Review 1:

Sahidul Haque
Review Source

Review 2:

sujatarkt81
Review Source

Review 3:

amolbarsing946
Review Source

Summing Up  

One of the things we do not like about CASHe is that there is no CASHe loan customer care number for any types of CASHe complaint. Here, the safety factor goes away completely. However, the reviews for the loan platform are mixed. So, check your loans properly, before you get a personal loan. Share with us in the comments section what you think about CASHe.

Read Also:

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Soumava Goswami

Inspired by The Social Network, Soumava loves to find ways to make small businesses successful – he spends most of his time analyzing case studies of successful small businesses. With 5+ years of experience in flourishing with a small MarTech company, he knows countless tricks that work in favor of small businesses. His keen interest in finance is what fuels his passion for giving the best advice for small business operations. He loves to invest his time familiarizing himself with the latest business trends and brainstorming ways to apply them. From handling customer feedback to making the right business decisions, you’ll find all the answers with him!

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IPOE Stock – Present Price, Forecast, Statistics – Should You Invest In It In 2022?

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Navi

Navi: Information, Eligibility Criteria, Interest Rates, Review & More

You can get Navi personal loan with minimal documentation. Furthermore, if your documentation and your Navi loan application are cleared, you will be able to get the loan even within a few minutes. You can get fast personal loans at 9.9% per annum onwards. This digital instant loan app of Navi gives you fast loans, and also at zero processing fees. In this article, you will mainly learn about some of the essential features of Navi personal loans. Apart from that, you will also learn about the Navi personal loan interest rates, as well as eligibility criteria, documentation required, and more. Hence, to learn more about the Navi personal loans, read on through to the end of the article. Navi Personal Loans – A Brief Overview A personal loan is something that you need to meet any financial requirement if you somehow lack finances at the moment. The loan might be needed to pay your credit card bills, wedding, health expenses, buy something important, and many more reasons. 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FlexSalary: Information, Eligibility Criteria, Interest Rates, Review & More

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According to the official website of the company, “FlexSalary is an instant salary advance credit line that covers emergency needs of Indians before they get paid. It aims to aid all individuals who face a mid-month crisis by providing short-term lines of credit loans until they receive their salaries. We offer instant loans from Rs. 4,000 to Rs. 2,00,000 with flexible repayment terms.” It basically offers a personal line of credit. Even if you do not have a credit history, you will be eligible to get a loan from FlexSalary. If there are people who cannot find any other way to get financing, FlexSalary offers an unsecured line of credit. Loan AspectsWhat FlexSalary Offers You?Loan Amount₹ 4000 - ₹ 2,00,000Loan Tenure10 months to 36 months (Based on the loan applied for)Rate Of Interest On loans10% to 12% per annumLoan Processing Fees₹ 650 only (One-time payable only upon Loan Disbursement)Collateral Or MortgageNo collateral requiredLoan Review TimeDepending upon the amount of the loan (may take from 5 minutes to 7 days)Late Payment Of The LoanUp to 5 %, depending on the type of loan applied for.Loan RepaymentLoan repayment is made automatically from the provided bank details as per the approved schedule. Repayment should be made through the mobile app of FlexSalary.FlexSalary Customer Care Number+91-40-4617-5151+919908935151+919100038349CIN NumberCIN U65923TG2016PTC110767AddressUnit A, 9th Floor, MJR Magnifique, Survey No 75 & 76, Khajaguda X Roads, Raidurgam, Hyderabad, Telangana – 500008. Is FlexSalary Safe? Yes. FlexSalary is fully legit and safe. The website is also safe to use as it is HTTPS-secured and SSL certified as well. However, regarding the customer service of the company, many borrowers of loans have complained. Despite that, as per our experience, we think the app works quite well and is legit. Furthermore, the company has a CIN number, and it is registered through the Reserve Bank of India. When Can Flex Salary Comes To Rescue? There are certain circumstances where flex salary comes to the rescue. You need to get through the possible solutions that can make things easier for you. You need to follow certain steps that can make things easier for you to attain your requirements with ease. 1. Don’t Have Collateral  Flex salary will offer you unsecured lines of credit loans. You do not have to pledge to your assets if the collateral gets approved for your loan. You need to get through the complete process that can develop things in perfect order. 2. If Your CIBIL Score Is Low Flexsalary will not focus on your CIBIL score to provide you with the loan you need in times of crisis. If you have a low CIBIL score then you must go through the best flex salary options to meet your requirements with ease. 3. Need An Emergency Cash   If you are facing a medical emergency and you need the loan on an immediate basis, then you must consider using Flex salary. You need to identify the perfect solution that can make things lucid for your business development. 4. Loan Is Rejected By Banks  If you have low income, bad credit history, and banks have rejected your loans, then Flex salary can be the best option for you. Flex salary will offer you loans at times of crisis. You do not have to pay any kind of interest to get these loans. 5. Don’t Want To Pay Excess Interest   If you are afraid of bearing the higher interest rates on your loan, then Flex interest loan amounts can be one of the best options for you. If you do not use money, you do not have to pay the interest. 6. If You Need A Loan For A Lifetime Flex salary personal line of credit you can receive for a lifetime. Your credit limit gets filled up once you pay back the withdrawn amount. It works almost like that of a credit card. You need to identify the perfect solution that can make things easier for you. Can You Get An Instant Personal Loan For Your Marriage From Flex Salary? Yes!! You can receive an instant personal loan for your marriage when you opt for the flex salary. If you have an urgent need for cash in order to meet your marriage-related expenses, then Flex salary can be of great help to you. You will get the help for money within a few hours. It can help you to get the desired amount of money for a personal loan when you need it the most from your endpoints. How To Do FlexSalary Login? – Steps To Follow The following are the steps through which you can apply for a loan through FlexSalary: Step 1: Visit their official website and click on "Apply for an Instant Loan." Step 2: You will get a form on the next page, which you will need to fill out and add information into. Add all the documents required to get a loan from the FlexSalary platform. Step 3: There are various verification processes available. You can either apply for Net Banking Verification or you can upload the documents on your own. Once you upload the documents, they will verify your credentials and will tell you what you are eligible for. Through the app, it is almost the same. All you need here is to download the app and register your account with it. FlexSalary – Eligibility Of The Loan Loan RequirementsEligibilityAge Of the Borrower22 to 60FlexSalary Credit ScoreDepends on the type of loan applied for.Type of EmploymentSalaried professionals only.Minimum Monthly Income₹ 8000 (However, it can change depending on the loan amount applied for)Work ExperienceWork experience requirements depend on loan terms and amounts. Required Documents1. Salaried Employees- Identity Proof (Aadhaar / Driving License / Passport / Voter ID) - PAN card - Address Proof (Driving License / Utility Bills / Aadhaar / Passport / Bank Statements / Voter ID) - Last three months Pay Slips - Photo with the applicant’s face clearly visible. (The applicant will be prompted to take a selfie or upload a photo while applying for a loan through the FlexSalary mobile app) - Net banking verification to validate the bank account and salary information of the applicant 2. Self-Employed Individuals- No loan is allowed for self-employed- The applicant must have an employment FlexSalary Reviews From Customers The following are some of the useful customer reviews regarding FlexSalary that you can benefit from: Syed Abrar: “I'm very happy much satisfied with the service Uma Maheshwari are very nice she was helped me through out the process I got the loan amount as soon as the documents were collected best app.” Manjeera Dhfm: “My credit limit was activated in 1day. But I was not able to withdraw amount,due to my account issue, then customer support team interacted with me continuously and solved the problem. Thank you team. They are well mannered employee's who have patience to listen the issue and resolve it quickly.” Selva Raj: “Last month urgently required some amount, one of my friend referred me Flexsalary and they had treat me as a friend and pay me the amount with very minimum documents. Thank you Flexsalary very fast, very effective good customer service really appreciate your overall performance.” Summing Up Hope this article was helpful for you in getting a better idea of the FlexSalary platform. If you are hoping to get a loan from this platform, you need to download the app and register your account. Furthermore, you need to upload all the necessary documents. They will verify and give you the loan within one to five days if you are eligible for it. Do you know of any better loan app, which is registered by the Reserve Bank of India, and offers instant personal loans? Share some of them with us in the comments section below. Explore More: The Amazon Store Card All You Need To Know About BNKU Stock: MicroSectors US Big Banks Index 3X Leveraged ETNs IPOE Stock – Present Price, Forecast, Statistics – Should You Invest In It In 2022?

Inventory Reserve

Inventory Reserve: What Is It, How It Works, Purpose, and Usage

Whether it is a big company or a small one, a successful company or a not-so-successful one, all face a situation where all the inventories are not sold. Some percentages of the inventory go bad or become obsolete for all. The inventory reserve of the business is and accounting technique and is also the estimate of the percentage of inventory that is unsold. The inventory reserve plays a big role in correctly valuing the inventory of the company. Hence, this also helps present a full picture of the company’s health, financial worth, and flexibility. In this article, you will learn about inventory reserve and how it works in the process of accounting. Apart from that, we will also explain the use of inventory reserve in accounting. Finally, we will show you the process of accounting for the inventory reserve of a business. What Is An Inventory Reserve? According to Investopedia, “An inventory reserve is a contra asset account on a company's balance sheet made in anticipation of inventory that will not be able to be sold. Every year, a company has an inventory that will not be able to be sold for various reasons. It may spoil, fall out of fashion, or become technologically obsolete. In anticipation of this, the company will create an entry on the balance sheet called inventory reserve.” The inventory reserve portion in the balance sheet consists of the company’s prediction of the inventory that will not be sold that year. While the company counts its inventory as an asset, it considers its inventory reserve as a contra asset. This is because the latter reduces the net amount of inventory assets of the company. The company creates the inventory reserve as an estimate of the company’s future inventory spoilage. The company brings out this estimation based on its past experiences. Furthermore, once the company identifies an inventory that it's unable to sell, it writes it down as an official recognition of the loss. Business managers of an organization use these data from previous years' inventory information. Hence, based on this, they make a judgment and decide on the size of the inventory reserve. What Is The Use Of An Inventory Reserve In Accounting? In general, businesses want to get an accurate picture of their inventory position. Hence, they try to estimate the amount of inventory that is not to be sold from the end of the company. This inventory which the company has written off is called the inventory reserve of the company. The accountant includes this data in the balance sheet. According to NetSuite.com, “Companies own raw materials, partially completed products, and finished goods. These items are all included in a company’s gross inventory. Business managers know that not all of their raw materials will be used, and not all of their finished goods will be sold. That reserve is deducted from the value of gross inventories to arrive at the company’s net inventory position. Net inventory is typically what appears on a company’s balance sheet.” During the accounting process, the business considers its inventory reserve as a “contra” asset in its balance sheet. This is because this amount actually reduces the gross inventory value to arrive at the company’s net inventory value. Since inventory accounts come naturally with a debit balance, as debit increases in the balance sheet, the inventory account value increases. On the other hand, inventory reserves, like contra-asset accounts, come with natural credit balances. Hence, the latter serves to reduce the value of the assets. How Does An Inventory Reserve Work? Indeed.com explains – “An inventory reserve in accounting is an entry on a business's balance sheet that anticipates the company's unsold inventory. Accountants consider inventory as an asset on their balance sheet. An asset is any item or resource that a company owns and has the potential to generate economic value, such as revenue.” Inventory also falls under this asset category. Also, as per the need for good accounting principles, businesses need to report their assets in such a way that they are close to their actual value. Hence, if a business wants to calculate the net value of its inventory, it needs to account for the loss of inventory and make it an estimate. As per Generally Accepted Accounting Principles (GAAP), an inventory reserve is a part of inventory accounting. If a business wants to track its inventory reserve, it will thus be able to make an accurate representation of its assets on the balance sheet. The usefulness of an asset is only when it has a future value to the business. There is always a part of the inventory of a company that remains unsold every year. Hence, the company decides not to include the entire inventory amount as an asset on the balance sheet. To create an accurate value, the company subtracts the inventory contra asset account value from the inventory asset entry. The resulting value is the estimate that the company will sell to create value for the business. If the company does not include the inventory reserve entry, the company will end up overstating the value of its assets. Accounting For Inventory Reserves: Special Considerations According to GAAP standards (which is the industry standard for accounting), inventory reserve is a conservative methodology for entry. This is because the company's attempt, in this case, is to predict the losses for the inventory even before the company has confirmed the loss. In general, inventories consist of goods with future value for the company. Hence, these goods are called assets. However, according to conservative accounting principles, it is important to report assets close to their current value. Hence, it gets easier for the company to make estimations. Summing Up Hope this article was helpful for you in getting a better understanding of how an inventory reserve works with accounting. You can see from here that it is important for the company to consider inventory reserve as a contra asset. This helps the company to get an accurate representation of the assets that it will sell in the future. Do you have more information to add regarding inventory reserve? Consider sharing with us in the comments section below. Enrich Youself With More Financial Article By Clicking Below!! Equity Theory: A Balancing Act for Modern Workplaces Supply Chain Risk Management: Effective Strategies To Reduce It What Is A Distribution Channel? 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