Cash Advance

In today’s fast-paced financial environment, having access to quick and reliable financial solutions is crucial. The Cash Advance app stands out as a premier platform for young professionals across India to meet their financial needs effortlessly. Whether you need a small amount for an emergency or a larger sum for significant expenses, Cash Advance offers a range of loan options designed to cater to diverse requirements.

Loan Amount, Interest Rates, and Tenure

• Loan Amount: ₹1,000 to ₹200,000
• Interest Rates: 0% to 29.95% per annum
• Tenure: 91 days to 15 months

Why Choose Cash Advance?

Cash Advance is a comprehensive platform facilitating loan transactions between borrowers and Non-Banking Financial Companies (NBFCs) or Banks. All loan applications are approved and sanctioned by NBFCs/Banks registered with the Reserve Bank of India (RBI), ensuring transparency and regulatory compliance. One of our primary partner NBFCs, Krazybee Services Private Limited, is a Systemically Important NBFC within the group companies carrying the Cash Advance brand.

Types of Loans

1. Flexi Personal Loan: A flexible option allowing you to avail loans within 10 minutes as a direct bank transfer. All you need is your PAN Card and Address Proof to avail amounts between ₹1,000 to ₹50,000 for tenures ranging from 91 days to 6 months.

2. Personal Loan for Salaried Individuals: Designed for salaried professionals, you can avail amounts from ₹10,000 to ₹2 Lakhs as a direct bank transfer for tenures ranging from 3 to 15 months. Required documents include your PAN Card, Address Proof, and Salary Proof.

3. Online Purchase Loan: This loan allows you to buy now and pay later in EMIs. Avail e-vouchers on the Cash Advance app to purchase from partner platforms like Flipkart, Amazon, and more, and repay later in convenient EMIs.

Example Loan Scenarios

1. Personal Loan for Salaried Example:

• Loan Amount: ₹50,000
• Tenure: 12 months
• Interest Rate: 20% per annum
• Processing Fee: ₹1,250 (2.5%)
• New Customer Onboarding Fee: ₹200
• GST on Fees: ₹261
• Total Interest: ₹5,581
• EMI: ₹4,632
• APR: 23.2%
• Disbursed Amount: ₹48,289
• Total Repayment Amount: ₹55,581

2. Flexi Personal Loan Example:

• Loan Amount: ₹10,000
• Tenure: 3 months
• Interest Rate: 27% per annum
• Processing Fee: ₹500 (5%)
• GST on Fees: ₹90
• Total Interest: ₹453
• EMI: ₹3,484
• APR: 34%
• Disbursed Amount: ₹9,410
• Total Repayment Amount: ₹10,453

Key Features

1. 100% Online Process: Complete your loan application entirely online without visiting any branch.
2. Fast Approval: Quick verification and approval process.
3. Immediate Bank Transfer: Receive funds directly into your bank account instantly.

Eligibility Criteria

1. Indian Resident: Must be a resident of India.
2. Age: Above 21 years.
3. Monthly Income: Should have a regular source of income.

How to Get Started

1. Install the Cash Advance App: Download from the Google Play Store.
2. Create Your Account: Sign up with your basic details.
3. Check Eligibility: Fill in basic details to check your first-level eligibility.
4. Upload KYC Documents: Provide ID proof, Address Proof, and PAN card.
5. Avail Loan: Choose to receive the loan as a bank transfer or an e-voucher as per your preference.

Fees and Charges

• Interest Rates: Range from 0% to 29.95% per annum with equivalent monthly rates of 0% to 2.49%.
• Processing Fee: Varies from 0% to 3% for low-risk customers and 2.5% to 7% for high-risk customers.
• Service Fee: One-time fee during onboarding or upgrades, ranging from ₹20 to ₹350 depending on the risk profile.
• Penalty Charges: Only applicable for delayed payments.

Cash Advance offers a comprehensive, user-friendly solution for your financial needs. With flexible loan options, competitive rates, and a fully online process, Cash Advance ensures you can access funds quickly and conveniently. Whether you need to cover an emergency expense, finance a purchase, or manage your cash flow, Cash Advance is here to help. Download the app today and experience a seamless way to secure financial support.