CASHe vs Paysense vs Kreditbee which NBFC Gives Fastest Instant Personal Loan?

02 Apr 2020 5 min read
Personal Loan: CASHe vs Paysense vs Kreditbee which NBFC Gives Fastest Instant Personal Loan? - Afinoz

Technology has changed the way the banking industry functions. In the past few years, technology has been upgrading and so are its effects on the industries using them. Fintech Companies have changed the way people used to apply for loans. Instant funds are available to borrowers now, in comparatively less time and with minimal documents. Instant Loans have transformed the process of lending funds to borrowers, making it easier, quicker and comfortable.

What is the technology behind Instant Loans?

The integration of technology into the financial domain has entirely changed the game of applying for loans through Instant Personal Loan Apps.

Right from downloading the Instant Loan Apps from the play store to filling the loan application, uploading the required necessary documents, Fintech companies work digitally more on the Internet via Cloud Services. These include the use of new software and applications, processes and business models.

With Instant Personal Loans, funds are available to borrowers within a short span of a few hours. Some parameters are determined which assists in processing the loan application faster. Right from the beginning to end everything has now gone digital. It is more user-friendly and convenient.

CASHe, Paysense, and Kreditbee Instant Loans provide low-cost-personal loans to borrowers in urgent need of funds. In this article, we will provide a side by side comparison of the three Instant Loan Apps for you to choose from.

We recommend borrowers to thoroughly compare the interest rate, loan tenure, and features before applying.

Cashe Vs Paysense vs Kredit Bee at a glance

Cashe 

Kredit Bee

PaySense

Loan Amount

Up to Rs 3 lakhs

Up to Rs 2 lakhs

Up to Rs 5 lakhs

Interest Rate

Starts at 15% p.a

0% - 29.95% p.a

18% - 36% p.a

Tenure

15 days to 360 days

Up to 15 months

Up to 5 years

Processing Fees

 

2% on the Principal Amount – For 90-day loan product.

For loan up to 180 days:

Rs 1,250 – For Rs 1 lakh

Rs 1,750 – For Rs 1,01,000 and Rs 1,49,000.

Rs 2,250 – For Rs 1.5 lakh and Rs 2 lakh

Rs 100 onwards

2% - 3% + Applicable Taxes

Eligible Salary for Applying

Rs 15,000

Rs 15,000

Rs 12,000- For Salaried

Rs 15,000 – For Self Employed

Shop around for the best Instant Personal Loan

If you are in urgent need of funds and do not wish to collate a number of documents to receive funds, then applying for Instant Personal Loans will be your best bet.

 

You can opt for Cashe Instant Loan for innumerable reasons:

  • The app doesn’t ask you to make a different profile. It works on a predictive algorithm known as Social Loan Quotient (Social Loan Quotient). It is different from regular credit agencies and banks.
  • You can get funds in a span of a few hours if the loan application meets the eligibility criteria.
  • If you are in need of short-term funds, the app provides loans ranging from 15, 30, 90, and 180 days.
  • You can check your eligibility via SLQ calculator, simply by entering your name, age, mobile number, income details, address, etc. 
  • The loan amount available ranges from Rs 10,000 to Rs 2 lakh.

In case of any assistance or query, you can get in touch with support@cashe.co.in

Pay Sense Instant Loan can be chosen which offers:

  • Loan amount ranging from Rs 5000 to Rs 5 lakh
  • Personal Loan with low credit history
  • The loan with minimal documentation
  • Flexibility in EMI
  • Quick Disbursement  
  • Doorstep collection of documents

For any issues, grievances or queries, customer care executives can be reached out at support@gopaysense.com.

Kredit Bee Instant Loan will help you to get funds:

  • If you are a first- time borrower with no credit history.
  • With minimal documentation
  • For high financing amount
  • For quick disbursal of loans
  • For flexibility in repayment
  • To apply for a loan with no collateral

Apply Now

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