StashFin Personal Loan

StashFin Personal Loan Highlights 2022
Interest Rates	11.99% – 59.99% p.a.
Tenure	Up to 4 years
Loan Amount	Up to Rs. 5 lakhs
Processing fees	Up to 10% (excluding GST) on each loan
Minimum Monthly Income	Rs. 15,000 per month

Note: Rates as of 22nd August 2022

Interest Rates for StashFin Personal Loan

The interest rates for Personal Loans from StashFin ranges between 11.99% – 59.99% p.a. (annual percentage rate). The interest rates will depend on assessment of the loan applicant’s credit profile. A higher credit score (above 750 for CIBIL TransUnion) can help applicants in availing personal loans at lower interest rates.

Comparison of Interest Rates on Personal Loan for Top Banks and NBFCs

Banks/NBFCs	Interest Rates(p.a.)
HDFC Bank	11.00% onwards	Apply Now
SBI	10.30%-15.10%
ICICI Bank	10.75% onwards	Apply Now
Axis Bank	10.25% onwards	Apply Now
Kotak Mahindra Bank	10.99% onwards	Apply Now
IndusInd Bank	10.49% onwards	Apply Now
IDFC First Bank	10.75% onwards	Apply Now
Bajaj Finserv	13.00% onwards	Apply Now
Tata Capital	10.99% onwards	Apply Now

Processing Fees and Charges for Personal Loans from StashFin

Particulars	Rates
Processing fees	0% – 10%, excluding GST (Borrowers should pay a processing fee on the withdrawn amount every time they load their StashFin Card using the StashFin App)*
Bounce charges	Rs. 500 on every cheque bounce/NACH /failed EMI payment

*If the borrower fails to pay EMI, StashFin will charge penal interest on the overdue amount. If the borrower has any pending dues post clearing the monthly EMIs, their NACH mandate is represented again to their bank.

Also Read: What is the processing fees and charges on personal loans for top banks and NBFCs?

Types of StashFin Personal Loans

Marriage Loans

StashFin offers custom-made personal loans to loan applicants for financing their marriage related expenses. The entire loan approval process is digital. This product is available both as a term loan and as a credit line. Under the credit line facility, the borrower will only have to pay interest on the funds drawn. The loan eligibility for a marriage personal loan depends on factors like monthly income, interest rate and loan tenure. The loan tenure ranges between 3 months and 4 years and borrowers can take up to Rs. 5 lakhs under this loan.

Cash Loans

StashFin provides Quick Cash Loans or Salary Loans to borrowers to meet their immediate fund requirements. This loan comes with instant disbursal (within hours of approval) and minimal paperwork. Borrowers can use these funds for medical emergencies, repayment of existing loans, travelling purposes, etc. The tenure for StashFin cash loans is up to 2 months.

Small Loans

Small personal loans are aimed at borrowers looking to fulfil their short-term debt obligations. It comes with instant disbursal (within hours of approval), zero processing fees and minimal documentation. The loan amount for StashFin small loan ranges Rs. 1,000 to Rs. 5 lakhs and the tenure is between 2 months and 18 months.

Medical Loans

StashFin Medical Loans are aimed at individuals requiring instant funds for dealing with unforeseen medical emergencies or extensive health check-ups. This product is available in the form of term loan and credit line facilities. Under the credit line facility, the borrower will only have to pay interest on the funds drawn. This term loan product comes with minimal documentation, which helps to expedite the loan approval process.

• Minimum Salary requirement: 15,000 per month
• Minimum Age: 18 years
• Tenure: 2 months to 4 years
• Loan Amount: Rs. 1,000 to Rs. 5 lakhs

Know more about: Medical Loan Features, Interest Rates & How to Apply

Travel/Holiday Loans

Travel/Holiday loans allow borrowers to take care of their travel expenses including hotel bookings, food, transportation, etc. It is available both as a term loan and as a credit line facility. Under the credit line facility, the borrower will incur interest cost only on the funds drawn. The entire loan process is online with minimal documentation. Borrowers can take loans for up to Rs. 5 lakhs and the loan tenure offered is between 3 months and 3 years.

Debt Consolidation Loans

Debt consolidation loans allow borrowers to combine multiple debt obligations into a single loan to reduce their repayment burden and/or overall interest costs. Borrower can avail single personal loan from StashFin at lower interest rates and use its proceeds to repay his existing loans, credit card debts and other credit facilities availed at higher interest rates. The debt consolidation loan comes with instant approval and minimal paperwork.

• Interest Rates: Starting from 11.99% p.a.
• Tenure: 3 months to 4 years
• Loan Amount: Up to Rs. 5 lakhs

Personal Loan for Home Renovation

StashFin provides personal loans of up to Rs. 5 lakhs for carry out home renovation. Borrowers can also use the proceeds of home renovation loan for purchasing household furniture, buying consumer durables, etc. Borrowers can opt for home renovation loans both in the form of a credit line and a term loan. This loan comes with instant disbursal (within 24 hours of loan application), swift approval and minimal documentation. The tenure for StashFin home renovation loan is between 3 months and 4 years.

Personal Loan for Shopping

Personal loans for shopping offers borrowers to shop for their favourite products and pay the dues later through affordable EMIs. This loan comes with instant approval, minimal verification protocols and no hidden charges.

• Minimum Salary requirement: 15,000 per month (take home)
• Minimum Age: 18 years
• Loan Amount: Up to Rs. 5 lakhs

Personal Loans for Self-employed

StashFin provides instant online personal loans for self-employed individuals. These loans come with instant credit approval and easy documentation procedure.

Personal Loans for Salaried

StashFin provides instant online personal loans for salaried individuals. These loans come with instant approval and an easy documentation process. Salaried applicants aged 18 years and above and with an average salary of at least Rs. 15,000 can avail these loans. The loan amount under StashFin salaried personal loan ranges between Rs. 1,000 and Rs. 5 lakhs.

Foreclosure for StashFin Personal Loan

Borrowers can foreclose their existing personal loan from StashFin provided they pay a minimum of 3 EMIs.

Top Up for Personal Loans from StashFin

Existing personal loan borrowers from StashFin are eligible for a top up personal loan after they pay 50% of their EMIs on their existing loans.

Eligibility Criteria for availing Personal Loans from StashFin

The eligibility criteria for StashFin Personal Loan is on similar lines as the eligbility criteria for personal loan set by most banks and NBFCs. Some of the main factors considered by KreditBee for ascertaining the personal loan eligbility of their loan applicants are as follows:

• Indian Citizen (proof of nationality and address required)
• Minimum Salary requirement: 15,000 per month (last 3 month salary slips and bank statements required)
• Minimum Age: 18 years
• Net Banking Access: The applicant should have net banking access with their salaried account.
• Good Credit History: The loan applicant should have a good credit score to allow StashFin establish their creditworthiness. A healthy repayment history increases the chances of faster loan approval and favorable interest rates.

Also Know: What is the minimum CIBIL score requirement for a personal loan application?

Documentation Required for StashFin Personal Loan

For Salaried

• ID proof – PAN Card
• Address Proof – Aadhaar Card
• Copy of a cheque of the salary bank account
• Salary slips of last 3 months
• Bank statements of last 6 months

For Self-Employed

• Income Tax returns
• GST Returns
• Proof of business ownership and continuity
• Bank statements of last 6 months
• Audited financial statements of last 2 years
• Office address proof

EMI Calculator

StashFin Customer Care

If you have any queries, you can check out the “Contact Us” section of the StashFin official website. Alternately, you can log into your online StashFin account and get your query answered by the customer care department.