Apply for Personal Loan Starting From 10.25%*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 |
Table of Contents
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.
Apply for a Personal Loan online with minimal documentation Apply Now
Comparison of Interest Rates of StashFin PL vs Other Lenders
| Banks/NBFCs | Interest Rates (per annum) |
| StashFin | 11.99% onwards |
| HDFC Bank | 10.25% – 21% |
| SBI | 9.60% – 13.85% |
| ICICI Bank | 10.25% onwards |
| Axis Bank | 10.25% onwards |
| Kotak Mahindra Bank | 10.75% onwards |
| IndusInd Bank | 10.49% onwards |
| IDFC First Bank | 10.49% – 23% |
| Bajaj Finserv | 13.00% onwards |
| Tata Capital | 10.99% onwards |
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| Processing fees | 0% – 10%, excluding GST (Borrowers should pay a processing fee on the withdrawn amount every time they load their StashFin Card using the StashFin App)* |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.
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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
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 loan after they pay 50% of their EMIs on their existing loans.
Eligibility Criteria for availing Personal Loans from StashFin
- 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
Required Documentation 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
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.
FAQs
Q. How do I get to know if my personal loan application is approved?
When your personal loan application gets approved, you receive an email and a notification on your mobile phone.
Q. My personal loan application got rejected. Can I re-apply for it?
Yes, you can re- apply for a StashFin personal loan after the 3 months of rejection of your previous loan application. However, do try and find out the reason for the personal loan rejection so that your chances of approval can increase.
Q. How can I repay my personal loan?
You can repay your personal loan via post-dated cheques or NACH (National Automated Clearing House) mandates. Also, you can pay online on the official website or app of StashFin.
Q. Can I foreclose my personal loan?
Yes, you can request for foreclosure after paying 3 EMIs.
Q. After I complete loan repayment, do I get a NOC from StashFin?
Once you have repaid your StashFin personal loan in full, you can get a NOC (no objection certificate) from StashFin by contacting the customer care department.