Personal Loan

For salaried individuals in India are unsecured loans that can be availed for various purposes such as medical expenses, home renovations, debt consolidation, travel, or any other personal financial requirements.

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Personal Loan

3 unique variants | Up to Rs. 40 lakhs | Tenure of up to 96 months.

Personal Loan Features & Benefits

Personal loans come with various benefits and features to assist in managing your financial obligations. Here are a few features that you can unlock when you opt for a personal loan

  • No limitation on end use : A personal loan's first and most significant advantage is that, unlike a home loan, it can be used for any purpose. The personal loan's intended purpose is unlimited. A personal loan can be one of the simplest ways to borrow money if you need cash right away.
  • Quick disbursal : If you meet the eligibility criteria and have a good credit score, you can get a personal loan in 72 hours' time. In fact, some banks provide the facility of online approval of personal loans for existing customers.
  • No collateral is required : You don’t have to arrange for any collateral. It is an unsecured loan. Therefore, it is easy to get it.
  • Flexibility to choose the tenure : The tenure of the loan goes up to 7 years therefore you have the flexibility to choose a tenure that suits you best. Longer tenure means lower EMI and vice versa. Therefore you can decide on tenure after calculating the EMI. Use our EMI Calculator to calculate the EMI.
  • Fixed rate of interest : A personal loan is generally available at a fixed rate of interest. So the equated monthly installments will remain fixed for the entire loan tenure. Therefore you don’t have to worry about the interest rate changes.
  • Tax benefit : If you use a personal loan for the construction, or renovation of a house, or make a down payment for the house, you can avail of the tax deduction of up to Rs 2 lakh under Section 24B for the interest part in a financial year. But remember that you will have to provide enough documents to prove that the money has been utilized for that purpose only.

6 Reasons To Choose Our Personal Loan

Personal loans come with various benefits and features to assist in managing your financial obligations. Here are a few features that you can unlock when you opt for a personal loan

  • Unique Variants : Pick a loan that suits you the best.
  • Loan of Up to Rs. 40 Lakh : Manage your small or big expenses with loans ranging from 1 lakh to 40 lakhs.
  • Tenure of Up to 96 Months : Manage your loans easily with repayment options ranging from 6 months to 96 months.
  • No Guarantor/ Collateral : You don't need to provide any collateral or someone as guarantor.
  • * No Hidden Charges
  • * Offers for New Customers

How Can You Use Cashdash Personal Loan?

  • Higher Education
  • Medical Expenses
  • Home Expenses
  • Wedding

Features & Benefits Of Our Personal Loan

All you need to know about our Personal Loan

  • Loan Of Up To Rs. 40 Lakh : Manage your small or large expenses with loans ranging from Rs. 1 lakh to Rs. 40 lakh.
  • Convenient Tenures : Manage your loan easily with repayment options ranging from 6 months to 96 months.
  • Money In Your Account In 24 Hours* : Your bank account will be credited with your loan amount within 24 hours* or, in some cases, on the same day of approval.
  • No Hidden Charges : Our fees and charges are mentioned clearly on this page itself and also on our loan documents. We advise you to read these in detail before applying.
  • No Guarantor Or Collateral Needed : You do not need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor.

** Terms & conditions apply

Eligibility Criteria & Documents Required

Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 40 lakh. Meet the easy eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.

Eligibility Criteria

  • Nationality : Indian
  • Age : 21 years to 80 years*
  • Employed : Public, Private, Or MNC
  • Cibil Score : 685 or Higher
  • Monthly Salary : Starting Rs. 25,001, based on the city you live in.

Documents Required

  • KYC Documents : Aadhaar/ PAN card/ passport/ voter’s ID
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months

*You should be 80 years or younger, at the end of the loan tenure.

Step-By-Step Guide To Apply For A Personal Loan

  • Step 1 : Click on ‘Apply’ at the top of this page to open our online application form.
  • Step 2 : Enter your 10-digit mobile number and the OTP sent to your phone.
  • Step 3 : Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  • Step 4 : Now, click on ‘Proceed’ to visit the loan selection page.
  • Step 5 : Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
  • Step 6 : Choose the repayment tenure – you can select tenure options of 6 months to 96 months and click on ‘Proceed’.
  • Step 7 : Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.

Applicable Fees & Charges

Type Of Fee Applicable Charges
Rate Of Interest (ROI) 11% to 35% p.a.
Processing Fees Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Fee

Term Loan – Not Applicable

Flexi Variant – A fee will be deducted upfront from the loan amount (as applicable below).

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

* All the Flexi charges above are inclusive of applicable taxes.

* Loan Amount includes approved loan amount, insurance premium, VAS charges, and documentation charges.
Bounce Charges Rs. 700 - Rs. 1,200 per bounce.
Pre-Payment Charges

Full Pre-Payment

  • Term Loan : Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
  • Flexi Term Loan (Flexi Dropline) : Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan : Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment.

Part Pre-Payment

  • Term Loan : Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.
Penal Interest Any delay in payment of monthly installment/ EMI shall attract penal interest at the rate of 3.50% per month on the monthly installment/ EMI outstanding from the date of default until the receipt of the monthly installment/EMI.
Stamp Duty Payable as per state laws and deducted upfront from loan amount.
Mandate Registration Charges Rs. 1/- (inclusive of applicable taxes) applicable in case of UPI mandate registration.
Mandate Rejection Charges Rs. 450 from the first month of the due date for the mandate rejected by the customer's bank until the registration of the new mandate
Annual maintenance charges
  • Term Loan : Not Applicable
  • Flexi Term Loan (Flexi Dropline) : Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.
  • Flexi Hybrid Loan : Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken Period Interest/Pre-EMI Interest

Broken period interest/ Pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by the following methods:

  • For Term Loan : Deducted from the loan disbursement.
  • For Flexi Term Loan : Added to the first installment.
  • For Flexi Hybrid Loan : Added to the first installment.

Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, interest is charged only for the actual number of days since the loan was disbursed.

** Terms & conditions apply

Frequently Asked Questions

You can take Cashdash Personal Loan for several scenarios such as:

  • Medical Emergency
  • Wedding
  • Higher Education
  • Home Expenses

Our instant personal loan comes with no end-use restrictions, allowing you to meet a wide variety of expenses comfortably.

To get a quick personal loan, you only need to meet a few basic eligibility criteria:

  • You must be between 21 years and 80 years* of age.
  • You must be a salaried individual employed with an MNC, public or private company.
  • You must be a residing citizen of India.

If you meet the salary requirement based on your city of residence, you can qualify for the loan.

** Terms & conditions apply

You will be asked to submit the following documents to get a personal loan from: Cashdash

  • Passport-Size photographs.
  • KYC documents - Aadhaar, PAN, voter’s ID, driving license, passport
  • Bank Account statements for the previous 3 months
  • Salary slips for the last 3 months
  • Passport-Size photographs.
  • KYC documents - Aadhaar, PAN, voter’s ID, driving license, passport
  • Bank Account statements for the previous 3 months
  • Salary slips for the last 3 months

The ideal credit score to get instant paperless approval for a Personal Loan is 685 and above.

You can borrow up to Rs. 40 lakh without pledging any collateral. This amount will be inclusive of insurance premium, VAS charges, documentation charges, Flexi fees and processing fees. We advise you to know our fees and charges in detail before applying.

You can use our personal loan EMI calculator to compute the monthly installment and tenure that suits your budget. You only need to enter the amount you need to borrow, the interest rate, and the tenure to get an estimate of the EMI.

The minimum salary criteria for a cash dash Personal Loan depends on your city of residence. For instance, if you reside in Pune, Bangalore, Mumbai, or Delhi, your minimum monthly salary should be Rs. 35,000.

With a cash dash, you can expect instant approval on your personal loan application.

You can repay your personal loan in the form of EMIs (equated monthly installments). Here, a fixed amount is automatically deducted from your bank account every month. You can set up a NACH mandate with your bank to pay the EMI's.

Lenders provide an interest rate when you opt for a personal loan. The interest rate on a personal loan depends on several factors including CIBIL Score, income, debt-to-income ratio, employment stability etc. Once you know the interest rate, you can use the personal loan EMI calculator to know your EMI outflow.

With Cashdash Personal loan, you get the benefit of instant approval and quick disbursal. All you need to do is apply for a personal loan by filling out the application form with your basic details. The personal loan amount will be approved once you meet the required Eligibility Criteria.

Once you apply for a personal loan, the lender usually checks your credit history, income, and a few other parameters to verify your application. Once approved, the loan amount is disbursed into your bank account. Cashdash disburses the loan amount in your registered bank account within 24 hours* or, in some cases, on the same day of approval. You can pay back that amount with interest in regular EMIs over the selected tenure.

Here are some reasons to choose the Cashdash Personal Loan:

  • Loan amount of up to Rs. 40 lakh.
  • Flexible tenures of up to 96 months.
  • Money in your account within 24 hours* of approval.
  • No guarantor or collateral needed.
  • No hidden charges.

*Terms and conditions apply.

Processing fees are charges that are usually levied on the total loan amount sanctioned. Cashdash charges 3.93% of the loan amount (inclusive of applicable taxes). For instance, Rohit has taken a personal loan of Rs. 1 lakh, for which the processing fee of Rs. 3930 will be deducted from his sanctioned loan amount. The loan amount disbursed into his account will therefore be Rs. 96,070.

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