Abhicash App

About Abhicash App

Welcome to Abhicash

Your trusted partner for short-term personal loans. Whether you're handling unexpected expenses or bridging financial gaps, we provide fast, flexible, and user-friendly solutions to meet your needs. With swift approvals, transparent terms, and no hidden charges, Abhicash ensures borrowing is simple and stress-free.

Why Choose Abhicash?
1.No Security Deposit: Borrow without collateral.
2.Transparency: No hidden fees; clear terms and conditions.
3.Flexible Loan Amounts: ₹5,000 to ₹50,000.
4.Convenient Tenures: Choose from 62 days to 365 days.
5.Affordable Interest Rates: APR ranging from 0% to 36%.
6.100% Digital Process: Apply and manage loans online.
7.Minimal Documentation: Simplified paperwork for faster processing.
8.Direct Transfers: Funds disbursed directly to your bank account.
9.24/7 Access: Manage loans anytime via our mobile app.
10.Instant Approvals: Quick evaluations and disbursements.

Eligibility Criteria
1.Must be a salaried individual.
2.Age: 21 years and above.
3.Minimum monthly take-home salary: ₹15,000.

Required Documents
1.PAN Card.
2.Aadhaar Card.
3.Bank Statement of Salary Account.

Sample Loan Calculation
Loan Amount: ₹15,000
Tenure: 3 Months
Interest Rate: 36% per annum (flat)
Processing Fees (incl. GST): ₹826
Disbursed Amount: ₹14,174
Flat Interest: ₹15,000 * 3/12 * 36% = ₹1,350
Total Repayment: ₹16,350
Monthly EMI: ₹5,450
Total Cost of Loan: ₹2,176 (₹1,350 interest + ₹826 processing fees)

Interest Rates and Other Charges
1.Interest Rate: 0% to 36%
2.Late Payment Charges: Up to 8.33% per month, minimum ₹500 + GST.
3.Mandate Reject Charge: ₹250 + GST.
4.Bounce Charges: ₹500 + GST.
5.Prepayment Charges: None.
6.Processing Fees: ₹500 to ₹11,918 (varies by loan amount and tenure).

Easy Loan Approval Process
1.Download & Sign Up: Install the app and create an account.
2.Apply & Submit Documents: Complete the application and upload documents.
3.Evaluation & Approval: Quick assessment and prompt loan approval.
4.Disbursement: Receive the approved amount directly into your bank account.

Safety & Security
1.Transactional SMS Access: Used to assess creditworthiness.
2.Device Information: Ensures secure application linking.
3.Location Services: Facilitates KYC and serviceability checks.
4.Camera Access: Required for uploading a selfie during the application process.

Partner NBFC
Abhicash collaborates with RBI-compliant NBFC:C N M P Investments Private Limited

For Policy Details: Privacy Policy
Support: Email us at [email protected]
Experience transparency, security, and convenience with Abhicash today!