TSLC PTE has announced the launch of CASHe for iPhone and iPad devices. CASHe is mobile-enabled instant personal loan application for young salaried professionals. CASHe provides loans with its app enabled documentation and loan disbursal / repayment process.
Powered by the Social Loan Quotient (SLQ), CASHe determines a user’s credit worthiness by using multiple unique data points to arrive at a distinct credit profile of the customer. SLQ is transforming the traditional credit rating measurements thereby providing immediate loans to the under-served young professionals who are kept out by traditional credit rating and banking systems. CASHe is completely automated and requires no personal intervention and no physical documentation. The average time taken for a loan to be disbursed is about 8 minutes, subject to proper submission of all documents.
iPhone users can now download the CASHe application and log in using their current social media profiles with some basic personal details to apply for a loan. Within 8 minutes, the user is notified of his loan eligibility. With multiple loan options ranging from Rs 5,000 to Rs 1,00,000 payable over 15, 30 & 90 days, CASHe has now expanded its reach to users across Android and iOS platforms.
