TSLC Pte Ltd., a fin-tech company promoted by serial entrepreneur and private equity investor V. Raman Kumar, today announced the launch of CASHe for iPhone and iPad devices.
CASHe is India's leading mobile-enabled instant personal loan application for young salaried professionals. The fast-growing fintech start-up has witnessed phenomenal growth since the launch of its technology platform and has revolutionized lending to the millennials.
CASHe provides hassle-free loans with its app enabled documentation and loan disbursal/ repayment process. Powered by its industry-first algorithm driven credit scoring platform, The Social Loan Quotient (SLQ), CASHe quickly 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 eight minutes, subject to proper submission of all documents.
With a strong user base of over 90,000 Android applications, this application is now available on iOS platform. 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 eight 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 and 90 days, CASHe has now expanded its reach to users across Android and iOS platforms.
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"We are extremely happy to release the iOS version of CASHe," said V. Raman Kumar, Chairman of TSLC Pte Ltd.
"This much awaited release is in response to the requests from iPhone users. We have significantly enhanced the user interface of the app to cater to our sophisticated customer base. Also by introducing multiple tenure loan offerings we have been able to meet the requirements of our diverse customer requirements, be it for EMI payments, medical emergencies, travel or lifestyle spending," he added.
CASHe has witnessed an impressive 80 percent growth in customer base during the month of November alone from customers across the country post the demonetisation policy announcement.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)