Personal loan with instant approval

A personal loan is a quick credit advanced by Cashkumar without asking for security or an asset guarantee. These loans are funded by other individuals with income to invest making them similar to crowdfunding. Loans are approved based on your credit and financial position and must be repaid through EMIs over a set tenure. Cashkumar evaluates your overall portfolio and showcases your requirement to lenders who decide to fund based on their risk appetite. This means that you can stand a chance to get a personal loan on the platform even if there are a few drawbacks in your profile. The loan can be availed for a variety of requirements including travel, marriage/weddings, medical needs, home renovation, goods purchases, debt consolidation and others.

Basic eligibility that we look for include decent credit history, adequate salary and a steady bank record. Other factors like years of employment, employer, city you stay in, residence etc determine important details like eligible amount, tenure and interest rate. There are no charges for applying on the platform and a processing fee is deducted from the loan amount only at the time of disbursal.

Cashkumar caters to your small and urgent requirements and to helps you close high-interest debts or credit cards. You can apply for loan amounts between ₹ 20,000 to ₹ 1,00,000 as a first-time applicant for tenure between 3 to 12 months depending on eligibility. To apply for a loan, you must be atleast 21 years of age and be a salaried professional working in one of the 30 cities in India where we run operations. The company is licensed by the RBI to provide personal loan in India and is a certified NBFC-P2P.