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Cashbean Loan Personal Loan

CashBean offers instant online personal loans up to Rs. 60,000. The interest rate starts from 0.07% per day (25.55% p.a.) and the repayment tenure ranges from 3 to 6 months. You can apply for the loan through CashBean’s mobile app or official website and get money within minutes through a digitized process.

CashBean Details
Loan amountRs 1,500 – Rs 60,000
Loan tenure3 – 6 months
Interest rate25.55% p.a. onwards
Processing feeRs. 90 to Rs 2,000 + GST
Age18 – 56 years 
Credit history Not required
Lowest EMI (for Rs. 60,000 loan)Rs. 10,758 

Note: Check the lists of best personal Loan Apps available in India.

Features of CashBean Personal Loan
  • Purpose: You can avail of a Personal Loan from CashBean for shopping, clearing credit card dues, payment of utility bills, payment of school fees, purchase of consumer durables or high-end gadgets, planning a family holiday, as a down payment for your purchases, medical expenses, and so on.
  • Quantum: You can avail of a loan from Rs. 1,500 to Rs. 60,000 from CashBean.
  • Rate of interest: The CashBean rate of interest is affordable, and starts from 0.07% per day (25.55% per annum). The maximum interest rate can go up to 26% p.a.
  • Repayment: The loan can be repaid within a tenure of 3 to 6 months.
  • Processing fees: The one-time personal loan processing fee ranges from Rs. 90 to Rs. 2,000 + a GST of 18%, depending on the loan amount and the application details. 
  • Prepayment charges: The loan can be prepaid at any time without any penalty.

Additional Info: Check Rapidrupee Personal Loan & Apply.

Why Apply for CashBean Personal Loan?

Availing a loan from CashBean has various advantages, as mentioned below:

  • Loan amount as per requirement: You get the convenience of availing a loan of as low as Rs. 1,000 and up to Rs. 60,000 as per the nature of requirement or emergency. It could be for making payment of utility bills before your next salary day or for the purchase of high-value gadgets.
  • Minimum documentation: Since the whole loan process is digitized, it involves very little paperwork and reduces the time-consumed to avail of a loan.
  • Affordable rate of interest: The rate of interest is competitive and starts from as low as 0.07% per day.
  • Quick disbursement: Since no paperwork is involved, the time taken for the whole loan process is minimized, and the amount will be disbursed into your account within minutes after the approval of the loan application.
  • No collateral required: Personal loan from CashBean requires no security or personal guarantee since it is an unsecured loan. This aspect makes availing of a loan from CashBean hassle-free.
  • Pan India presence: CashBean is operating in almost all cities across the country. It is accessible to a major portion of the population. You can apply for a loan from any part of the country through CashBean.
  • No credit score required: You can apply for a personal loan through CashBean even if you do not have a good credit score or if you have no credit score. CashBean has a proprietary tool that considers various other data points to draw the credit profile of the customer and does not depend on the credit score alone to judge the creditworthiness of the customer.
  • 24×7 customer support: You get answers to all queries and also guidance from the Customer Support group that is accessible round the clock.
  • No hidden charges: The charges applicable for the Personal Loan are displayed on the website and no other charges are applied at the time of loan disbursement.

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CashBean Personal Loan EMI Calculation

It is easy to calculate CashBean personal loan EMI. You can use the online Personal Loan EMI Calculator available on our website for free. All you have to do is enter the three basic details, like the loan amount required, applicable rate of interest, and repayment tenure chosen by you. Hit the enter button and the EMI will be calculated instantly.

Along with the EMI, the tool also provides an amortization schedule for repayment.

Here’s an illustration using the fastmudra Personal Loan EMI Calculator:

Required loan amount: Rs. 60,000 

Applicable rate of interest: 25.55% p.a.

Tenure of repayment: 6 months

EMI to be paid each month till the tenure ends: Rs. 10,758

Total interest to be paid: Rs. 4,550

Total amount to be paid to the lender: Rs. 64,550 

Amortization schedule of the above illustration

YearOpening balanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the yearClosing balance
1Rs. 60,000Rs. 32,275Rs. 3,223Rs. 29,052Rs. 30,948
2Rs. 30,948Rs. 32,275Rs. 1,327Rs. 30,948Rs. 0

Additional Info: everything you wish to know about Navi Mutual Fund in detail.

Comparison of CashBean Personal Loan with Other Lenders
Name of LenderRate of Interest (per annum)Processing FeeMaximum Loan Limit
CashBean25.55% – 26%Rs. 90 to Rs 2,000 + GSTRs. 60,000
Credy12% – 18%3% + GSTRs. 1 Lakh
AnyTimeLoan 18.25% – 54.75% Up to 2% Rs. 10 Lakhs
EarlySalary24% – 30%Rs. 199 onwardsRs. 5 Lakhs
CASHe27% – 33%Up to 3%Rs. 4 Lakhs
PaySense16% – 36%Up to 2.5% + GSTRs. 5 Lakhs

Additional Info: Check Best Loan Apps for Students in India.

Documents Required for CashBean Personal Loan

To avail of a Personal Loan from CashBean, submit minimal documents as mentioned below:

  • KYC documents: Pan Card, Voter’s ID Card, and Aadhar Card. Know about PAN Card Loan & Aadhar Card Loan.
  • A photograph also has to be scanned and uploaded along with the above documents. With Pan Card, credit score and other details regarding the financial status can be verified.
CashBean Personal Loan Eligibility Criteria

The following are the CashBean personal loan eligibility criteria:

  • Easily available personal loan for salaried & for self-employed
  • A regular source of income is mandatory.
  • The applicant should be in the age group of  18 to 56 years.
  • The applicant should be a resident Indian.
  • The applicant should have a valid Pan Card and Address Proof.
The following are the charges levied by Cashbean for the Personal Loan
  • Processing Fee: Rs. 90 to Rs. 2,000 + GST, depending on the loan amount and the application details.
  • Late fee: For non-payment of EMI on the due date, a penalty of 2% of the overdue amount for the late period will be collected.
  • Membership Fee:
    • For Primary Membership: Rs. 120 for 1 month and Rs, 250 for 3 months.
    • For Senior Membership: Rs. 300 for 3 months and Rs. 600 for 6 months.
  • Foreclosure charges: Nil
  • Charges for the dishonor of EMI: Nil
  • Duplicate NOC: Nil
  • Loan cancellation: Nil
How to Apply for CashBean Personal Loan?
  • You can download the CashBean Mobile app from Google Play Store. You will have to register to create an account and login Cashbean to check the eligibility to apply for the loan. You will be required to provide some basic details as given below:

    • Name and address
    • Mobile number
    • Email ID
    • Employment status
    • Monthly income
    • City of location
    • Any other information, as required in the loan application, has to be provided.
    • The details of the bank account have to be provided to disburse the loan amount.
    • Before the disbursement, you will also be required to agree to the terms and conditions of Cashbean on the Mobile App.
    • The loan application will be processed, and on approval and affixing e-signature on the loan document through the App, the amount will be credited directly to the bank account.
CashBean Loan Repayment
  1. To make CashBean loan payment, you will have to log in to the Mobile App using the registered mobile number.
  2. You should then select any of the payment options like Razorpay, bank transfer, PayTM Wallet, or other options like Debit Card, UPI, or Wallet from other payment gateways.
  3. If you are paying through net banking, then you will have to choose the bank transfer option.
  4. You can also choose the auto-debit option by executing an online mandate, i.e., the NACH mandate or execute a manual mandate, i.e., ECS mandate for the debit of the EMI amount from your bank account on the due date.
  5. You will have to provide accurate bank details for the debit of the EMI amount.
  6. This facilitates prompt repayments without missing a due date.
  7. The auto-debit will be honoured only if sufficient balance is maintained on the due date in the account.
CashBean Customer Care
  1. You can reach personal loan customer care team through any of the following ways:

    • Email to Customer Service at: cashbean.help@pcfinancial.in
    • Call at Customer Service Hotline Number: 180 0572 8088 or 0124 – 603 6666, Daily from 9AM to 8PM, except public holidays.

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