CashBowl - Instant Personal Loan

In the dynamic financial landscape of today, having quick access to funds can make all the difference. CashBowl is an innovative instant personal loan platform designed specifically for Indian mobile users. It simplifies the loan application process, requiring minimal documentation and promising a quick turnaround. Here’s everything you need to know about how CashBowl works and why it’s an ideal choice for your financial needs.

Loan Details at a Glance

Loan Amount: ₹5,000

Tenure: Minimum of 91 days, maximum of 365 days.

Maximum Annual Interest Rate: 36%

Interest Calculation: For a principal amount of ₹5,000 with an interest rate of 24% per annum over a tenure of 91 days, the interest payable is calculated as follows: ₹5,000 * 24% / 365 * 91 = ₹299.

Eligibility Criteria

To apply for a loan with CashBowl, you must meet the following conditions:

Citizenship: Indian citizen with Aadhaar

Age: Between 18 and 50 years old

Bank Account: Must have a bank account in India with institutions such as SBI, HDFC, Kotak, Axis, etc.

Why Choose CashBowl?

CashBowl stands out in the crowded market of instant loan apps for several reasons:

No Credit History Required: Whether you have a good, bad, or nonexistent credit history, CashBowl welcomes all applicants.

Paperless and Digital Process: The entire process is conducted digitally on your mobile device, eliminating the need for physical paperwork.

24/7 Access: Apply for a loan anytime, from anywhere, with round-the-clock access.

Speedy Review: The application review process takes just 10 minutes.

Nationwide Availability: CashBowl is available across all regions of India.

How to Use CashBowl

The application process with CashBowl is straightforward and user-friendly:

Install the App: Download the CashBowl app from the Google Play Store.

Register an Account: Sign up by providing your basic details.

Complete the Online Form: Fill out the quick online form for your loan.

Upload Required Documents: Submit the necessary documents, including ID proof, address proof, and PAN card.

Apply for the Loan: Once your application is complete, apply for the personal loan.

Receive Funds: The approved loan amount will be directly transferred to your bank account.

Repayment: Repay the loan easily through the CashBowl app on the due date.

Operational Reach

CashBowl is operational across all regions of India, ensuring that users from any part of the country can access its services.

Transparency in Fees and Charges

CashBowl is committed to transparency and provides clear information about fees and charges:

Interest Rates: Range from 0% to 36% per annum, with equivalent monthly interest rates from 0% to 3%.

Processing Fee: For low-risk customers, the processing fee ranges from 0% to 3% of the principal amount. For very high-risk customers, it ranges from 2.5% to 7%.

Service Fee: A one-time service fee is charged during onboarding or upgrades, ranging from ₹20 to ₹350, depending on the risk profile.

Penalty Charges: Only applied if a scheduled payment is delayed.

Example Loan Terms

To illustrate, here’s an example of how the loan terms might look:

Loan Amount: ₹5,000 Tenure: 91 days Interest Rate: 24% per annum Processing Fee: Based on the principal amount Total Interest Payable: ₹299 Repayment Amount: ₹5,299

Conclusion

CashBowl offers a reliable and efficient solution for instant personal loans. With its user-friendly interface, transparent terms, and speedy processing, it ensures that you can access the funds you need quickly and conveniently. Whether it’s for an emergency expense, a planned purchase, or managing cash flow, CashBowl is here to support you.

Download the CashBowl app today and take control of your financial future. With just a few taps, you can apply for a loan and receive the money directly into your bank account, making financial stress a thing of the past.