Is CashBean Personal Loan Your Ideal Financial Solution?
Mar 21, 2024
15 MinsIntroduction:
CashBean offers quick personal loans with versatile features and benefits. Details include:
- Loan amount: Rs 1,500 - Rs 60,000
- Loan tenure: 3 - 6 months
- Interest rate: Starting from 25.55% p.a.
- Processing fee: Rs. 90 to Rs 2,000 + GST
- Age: 18 - 56 years
Credit history: Not necessary
Lowest EMI for a Rs. 60,000 loan: Rs. 10,758
Features of CashBean Personal Loan
CashBean personal loans are suitable for multiple uses like shopping, clearing debts, paying bills, schooling fees, buying consumer goods, vacation planning, medical costs, etc. Loan amounts vary between Rs. 1,500 to Rs. 60,000, with an interest rate starting at 25.55% p.a., and a 3 to 6-month repayment period. Processing fees range from Rs. 90 to Rs 2,000 + GST.
Why Apply for a CashBean Personal Loan?
Advantages of a CashBean loan include:
- Flexible loan amounts tailored to needs
- Minimal paperwork and a fully digital process
- Competitive rates starting at 25.55% p.a.
- Immediate loan disbursal post-approval
- No need for collateral or personal guarantees
- Pan India availability for easy access
- No credit score required; other data points used for credit assessment
- 24/7 customer support
CashBean Personal Loan EMI Calculation
Calculate EMI easily with the online EMI calculator—input loan amount, interest rate, and tenure to get instant results.
Comparison of CashBean Personal Loan with Other Lenders
Compare CashBean's offerings:
| Lender | Interest Rate (p.a.) | Processing Fee | Maximum Loan Limit |
|---|---|---|---|
| CashBean | 25.55% - 26% | Rs. 90 to Rs 2,000 + GST | Rs. 60,000 |
| Credy | 12% - 18% | 3% + GST | Rs. 1 Lakh |
| AnyTimeLoan | 18.25% - 54.75% | Up to 2% | Rs. 10 Lakhs |
| EarlySalary | 24% - 30% | Rs. 199 onwards | Rs. 5 Lakhs |
| CASHe | 27% - 33% | Up to 3% | Rs. 4 Lakhs |
| PaySense | 16% - 36% | Up to 2.5% + GST | Rs. 5 Lakhs |
Documents Required for CashBean Personal Loan
Required documents:
- KYC documents such as PAN Card, Voter's ID, and Aadhar Card
- Scanned photograph
CashBean Personal Loan Eligibility Criteria
Eligibility includes:
- Aimed at salaried and self-employed individuals
- Stable income source required
- Applicants must be aged 18 to 56 years
- Should be a resident Indian with valid PAN and address proof
CashBean Personal Loan Charges
Loan charges include:
- Processing Fee: Rs. 90 to Rs 2,000 + GST
- Late fee: 2% of the overdue amount
- Membership Fee: Dependent on membership type (Primary/Senior)
- No charges for early closure, EMI dishonor, duplicate NOC, or loan cancellation
How to Apply for CashBean Personal Loan?
Steps to apply:
- Download CashBean app from Google Play Store
- Register, create, and log in to your account
- Check your loan eligibility
- Fill and submit required details
- Accept terms and conditions
- Approve with e-signature; funds credited soon after
CashBean Loan Repayment
To repay your loan:
- Login to the CashBean app
- Select a payment option (e.g., Razorpay, bank transfer, PayTM Wallet)
- Input accurate details for auto-debit
- Ensure sufficient account balance for payment
- Punctual repayments help avoid penalties
CashBean Customer Care
For assistance, reach out to:
- Email: cashbean.help@pcfinancial.in
- Hotline: 180 0572 8088 or 0124 - 603 6666 (9AM - 8PM, not on public holidays)
*[PAN]: Permanent Account Number
*[KYC]: Know Your Customer
*[EMI]: Equated Monthly Installment
*[GST]: Goods and Services Tax
*[RBI]: Reserve Bank of India
Team Pluto
