CASHe Personal Loan: Eligibility

CASHe Personal Loan Eligibility

A Personal Loan is a loan that is directly provided by the lender or bank for a given tenure, without pledging any collateral. The procedure for applying for this type of loan is fast-paced and easy. CASHe Personal Loans can be applied online which reduces the hassle of approaching the bank and their long arduous paperwork. With Bajaj Markets, the process for applying for a CASHe Personal Loan is very simple and convenient.

CASHe Personal Loans are instantaneous funds that you can avail of during any time of need. The loan amount starts as low as Rs. 7,000. Since the procedure is done completely online, it ensures a quick application and verification process. You can even repay the loan online up to 1 year. You'd need to upload nominal documents such as identity proof, address proof, and income proof. Once your application is verified and approved, your loan will be disbursed within a few minutes or hours.

Factors Affecting CASHe Personal Loan Eligibility

Your Personal Loan in CASHe eligibility can be affected by several factors. These factors include:

• Age

You must meet the age criteria that are set by your lenders to avail of a CASHe Personal Loan. You should be in the age group ranging from 21 years to 40 years.

• Income

Your income determines your loan repayment capability. The more you earn, the higher the chances of being eligible for the loan.

• Employment

You must have a stable job under your present company. 

• Current Liabilities

If you have any existing loan that you are repaying, the lender would want to know the details of it. Using the information, the lender would want to determine whether you have an adequate income to repay your existing loan in addition to the new CASHe Personal Loan that you plan to avail of.

How to Improve Your CASHe Personal Loan Eligibility?

There are numerous ways you can improve your Personal Loan in CASHe eligibility. Other than focusing on the factors that affect your CASHe personal loan eligibility, you can also do the following:

• Try not to switch jobs every 6-8 months. This indicates instability in your occupation. A stable job under a company for a minimum of 1 year is crucial to be qualified for personal loans.

• Ensure that every pre-existing loan is repaid and cleared before applying for the CASHe Personal Loan. Having an existing loan indicates the lenders regarding your reduced repayment capability. This in turn decreases your eligibility.

• Availing of a CASHe Personal Loan asks for nominal documentation. Hence, you must submit original documents so that there are no discrepancies.

• Maintain a healthy credit profile to avail loans at a low rate of interest.