What Is The Rate Of Interest In Cashe

The rate of interest on CASHe personal loans ranges from 2.25% per month to 2.5% per month.  There are various factors that affect the rate of interest for CASHe loans. 

What Are The Factors That Affect The Rate Of Interest In CASHe? 

• Level of Education: Applicants with a higher level of education have a higher probability of getting personal loans at lower interest rates. 
• Level of Income: Applicants with higher levels of income are more likely to get lower interest rates. 
• Professional Experience: People who have a good and stable history of employment and a steady job can procure a lower rate of interest on personal loans. 
• Age: With an increase in the age of the applicant, the interest rate charged on personal loans also increases. An increase in the income levels of the applicant may be the reason behind this.  
• SLQ score (Social Loan Quotient): This is a dynamic score that CASHe computes using its own proprietary algorithm. Unlike the conventional credit score, this scoring method is distinctive to CASHe and may be explained as a credit rating system based on social media behavior. This score is determined based on factors, such as the individual’s mobile, social media footprint, education, career, work experience, monthly salary, etc. It helps CASHe assess the default risk.
• Loan amount desired: When you are offered a higher quantum of the loan amount for the personal loan, you will be charged a higher rate of interest. So, you should only borrow an amount that is required and choose a repayment duration according to your repayment capability 

What Are The CASHe Interest Rates For Different Types Of Loans?

The interest rates of CASHe instant personal loans for different durations are given below: