CASHe Personal Loan EMI Calculator

CASHe EMI Calculators allow you to compare various combinations of tenure and interest rates, to see various EMI amounts and what is suitable for you.

CASHe Personal Loan EMI amounts can be calculated with the following formula:

EMI =P×r×(1+r)n(1+r)n−1

Where:

• P: Principal loan amount

• r: Monthly interest rate (annual rate/ 12/ 100)

• n: Loan tenure in months

Here is the detailed calculation of EMI amounts as per tenure up to 5 years for a fixed loan amount of ₹3 Lakhs and interest rate 30%:

*Disclaimer: The above values are for illustrative purposes only. Reach out to CASHe to check the actual EMI amount payable.

Several key factors influence the EMI of your CASHe Personal Loan. Being aware of these can help you manage your finances effectively and choose a loan that fits your budget:

Here are the factors listed for your understanding:

Loan Amount

The amount you borrow directly impacts your EMI. A higher loan amount results in a higher EMI. For instance, if you take a loan of ₹2,00,000, your EMI will be more than that of a ₹75,000 loan, assuming the interest rate and tenure remain unchanged.

Interest Rate

A higher interest rate increases the EMI amount. For example, if you secure a loan at 14% interest per annum, your EMI will be higher than a loan with a 9% interest rate for the same amount and tenure.

Loan Tenure

The duration of the personal loan affects EMI payments. A longer tenure reduces the EMI but increases the total interest paid. For example, a loan with a tenure of 7 years will have lower monthly payments than a loan of 3 years, but the overall interest outgo will be higher.

Type of Interest Rate

The nature of the interest rate impacts EMI calculation. Fixed interest rates keep EMIs stable throughout the tenure, ensuring predictability. In contrast, floating rates change based on market conditions, which may cause EMI amounts to fluctuate over time.

Repayment Schedule

The frequency of loan repayments—whether monthly, quarterly, or biannually—can influence EMI calculations. While monthly payments are the most common, some lenders allow alternative schedules, which can affect the total repayment structure.

While repaying CASHe personal EMI, you can opt for any of the following methods:

• IMPS

• UPI

• NEFT

Cash and cheque payments are not allowed.

1. When making a payment, enter your CASHe Customer Loan Number (CLN) as the account number

2. As CASHe is powered by Bhanix Finance and Investment Ltd., use "Bhanix Finance and Investment Ltd" as the account name

3. Ensure that the IFSC code KKBK0000958 is entered correctly

4. For any assistance, please contact support@cashe.co.in

You can repay your loan through the CASHe app as well. Here are the steps to follow:

1. Go to the ‘My CASHe’ screen of the app 

2. Click the ‘Current Due’ tab which indicates your amount due to CASHe

3. Click on the tab and ‘Repay with UPI’

A screen will feature the amount to be transferred and your UPI ID to which the amount needs to be transferred.

4. Select ‘Repay’

Note: UPI repayment is valid for 60 minutes, as shown on the app's status screen after your transaction. If the payment is not completed within this timeframe, you will need to retry the process until the transaction is successful. 

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.