Quick & Easy Personal Loans – Flexible EMIs, Fast Approval
- 💼 Personal Loan up to ₹5 Lakh
- 👨 For Salaried Professionals Only
- 📊 No Collateral Required
- 💳 Minimum Monthly Salary: ₹15,000
- 📝 Simple Documentation & Quick Processing
- 🔁 Easy EMI Available
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Personal Loan
Get a Personal Loan for All your Financial Needs
CashPey is always available with instant financial support as a personal loan where we intend to bridge the gap between your desire and its accomplishment. Our personal loan is available as a financial component that always helps you remove the financial obstruction in any needs whether it’s various household needs like purchasing a home appliance, home renovation, education fees and others, therefore, our personal loan is available for all our customers looking for instant financial support. To make your repayment easy with an outstanding borrowing experience, we provide the EMI Loan for instant availabilities with easy and accessible repayment.
Features and Benefits of Personal Loans
Instant approval
Just after the submission of the application form along with documents, it is verified and approved shortly, especially when your income and credit score are good as per the policies.
Competitive Interest
The competitive interest on personal loans allows you to get the loan without additional charges and helps you save some amount and manage your financial planning.
No-Hidden Charges
You will not be charged with any additional or hidden charges because our personal loan is available with the explicit charges which are revealed priorly.
Tenure from 3 to 36 Months
A personalized EMI option based on your salary, making repayments easier to manage.
All Time Availability
Our personal loan for multiple purposes is always available with the online application, which is the better option for all customers, especially those looking for instant financial support.
No-Collateral Required
No collateral is required to apply for the shopping loan because it is an unsecured loan. It is approved based on the income and credit score of the customers.
Eligibility criteria for the Personal Loan
Income / Age
The loan amount is decided based on the monthly income that can help you get the loan. The minimum income to get a personal loan is 15,000 per month, the eligible age group is between 21 to 60 years.
Credit Score
The credit score for a personal loan should be at least 685 or more and the loan amount, interest, and tenure are decided based on the credit score whether for salaried.
Documents and transactional history
The documents must be complete for the personal loan and it is one the most essential components to ensure the eligibility criteria. So, the documents must be completed to get a personal loan.
All Applicable Charges
| 1. Rate of Interest per annum | 18% to 36% |
|---|---|
| 2. Processing Fees | 5% of Loan Amount + 18% GST |
| 3. Stamp Duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount |
| 4. e-NACH dishonored charges | 500 + 18% GST (non- payment of installment (s) on their respective due date due to dishonor of payment mandate) |
| 5. Penal Charge | 2% (monthly on overdue loan amount, pro-rated for the number of days of overdue |
| 6. Pre/fore-closure charges | 7% (of the remaining Principal amount + applicable GST) , subject to 3 months consecutive EMI payment with all applicable charges) |
| 7. Recovery charges/Legal charges | as per Actual |
| 8. Part-payment, EMI pre-payment, e-NACH swapping charges | NA as Facility not available |
EMI Loan
EMI Loan Calculator – Plan Your Easy Monthly Repayment
Cashpey offers an EMI Loan Calculator to make borrowing simple and stress-free. With this tool, you can instantly check your EMI by entering the loan amount, interest rate, and tenure, helping you plan affordable monthly repayments with ease. Our Personal loans are quick to apply, hassle-free in repayment, and come with flexible tenure options to suit your needs. You can also benefit from pre-payment facilities, which make repayment easier and support building a stronger credit score.
Simple Steps to Apply for a Personal Loan
1. Apply Now
Click the button “Apply Now”
2. Application Form
Fill in the details in the Application form
3. Documents Submit
Upload your required documents and submit
4. Approval
Get the response from our executives
5. Deposited
Get the loan amount after approval and disbursal
6. Repay
Choose the tenure and repay your EMIs
Empowering You with Easy Finance
Flexible tenure with simple EMI options
Affordable and competitive interest
Easy Application with all-time accessibility
No- collateral is required for the loan approval
No-Hidden charges or additional fees on EMI loan
How to calculate the EMI on a Personal Loan?
You can easily find the EMIs of the personal loan where you must have the ideas of loan amount, rate of interest, tenure whether in months or years, and after entering all these details in the EMI calculator, you can find the repayment amount including EMIs and overall interest rate. The EMI is calculated with this formula
EMI Example
Just for instance, if you are borrowing a loan amount of Rs 1,00,000 with an annual interest of 24% for one year i.e., 12 months with 5% processing fees, the repayment tenure ranges from 3 months to 1 year, depending on the loan amount and eligibility criteria.
1,00,000/-
Principle Loan Amount
9456/-
Monthly EMI
13,471.50/-
Total Interest
36%
APR
1,13,471.50/-
