Loan Amount: from ₹2,000 to 15,000.
Tenure: the shortest tenure is 91 days, the longest tenure is 365 days. Interest rate: Depends on the customer's risk profile and loan tenure. The minimum interest rate is 20% per annum and the maximum interest rate is 36% per annum.
For example,If the loan amount is ₹2,000 and the interest rate is 36% per annum with the tenure of 91 days, after deducting the processing fee, the interest payable is as follows :
Interest = ₹2,000 * 36% / 365 * 91 = ₹180 only.
ABCash is one of the most prominent Instant consumer loan Platform in India which provides consumer loans to young workers in white collar and blue collar services with ticket size ranging from ₹2,000 to ₹15,000 charging low interest fee. It keeps working with official financial institutions, banks, companies and credit bureaus.
At ABCash, money lending is easy, fast, secure and affordable. No collateral is required and even if you haven't taken a loan before, or don't have a credit card, you can still avail loans with ABCash.
1. 100% Online (Paperless) Process
2. Minimal Documentation
3. No Credit History Required
4. Multiple Repayment Options
1. Indian resident
2. Above the age of 18 years
3. Should have monthly source of income
1. Address Proof (either of Aadhaar/Passport)
2. Identity Proof (PAN ID)
In some cases,
1. Office ID Card
2. Salary Bank Statement
3. Workplace Email ID
How it works?
Step 1: Install ABCash App from the Play Store
Step 2: Register through your Facebook account
Step 3: Fill in your basic details to check first level eligibility
Step 4: Upload KYC documents (ID & Address Proof) & fill in more details for online verification
Step 5: After Profile Confirmation, Select Required Amount & E-sign Agreement to Avail Loan
Step 6: Amount is disbursed to your Bank Account
Why Personal Loan from ABCash?
1. It could be to gift your loved one, or a case of medical emergency for anyone in your family, or a discount sale going on which you don’t want to miss out on. Situations and opportunities don’t come with a notification, so ABCash stands with you in those times for you to do the needful.
2. Availing the Instant Consumer Loan Online from ABCash and repaying back on time regularly will improve your Credit Score. This will help you avail bigger loans from banks (home loan, car loans, education loans etc.) at a much better interest rate.
Your data is safe with us. It is transferred over a secure HTTPS connection to us, and we do not share it with anyone without your consent except the Lenders. All the transactions are secured via a 128-bit SSL encryption.
1. You may contact firstname.lastname@example.org or send feedback via Help in app.