The cashfish loan app is a tool that enables you to avail a personal loan by using your smartphone. It helps you to make the process much more convenient, secure and easy. There are many advantages to this service, but you must be careful about the fees and documents that you need to provide.
What is Cash Fish Loan App?
The Cash Fish App is a short term loan platform. It is approved by the Reserve Bank of India. This loan app allows you to get a personal loan from the comfort of your home. In addition, you can pay the loan back in monthly installments.
To apply for a personal loan with the Cash Fish app, you must have a smartphone. You must also have an Aadhaar card and a PAN card. Additionally, you must have a savings account or an income source.
Applicants must be at least 18 years old to qualify for the loan. They can also be self-employed or salaried. If you are applying for a Cash Fish personal loan, you will be required to submit a PAN card, an address proof and a salary slip.
Upon completion of the application, Cash Fish will give you a credit limit. This limit will be increased if you make your payments on time. Also, you will be charged a servicing fee. These fees will be 5% of the amount that you borrow.
Cash Fish App offers a personal loan of up to Rs 50000. However, you can only get a maximum of 91 days. Once you make your payments on time, your Loan Amount will increase, CIBIL score will improve and your service fees will decrease.
If you have any questions about the application or the loan process, you can visit the website or call the customer service.
Cash Fish Loan App Features – How to Avoid Getting Scammed
Considering the proliferation of smartphones, it’s no surprise that digital lending has become big business. In fact, the number of such customers has risen to six million in Kenya. However, it’s not all good news for the credit-savvy shopper. There have been reports of fraudulent loans, high interest rates, and scam apps aplenty. Fortunately, there are some steps you can take to avoid getting suckered by a crooked lender.
First, you’ll want to check your own bank statements for omissions, or, at the very least, suspicious deposits and withdrawals. Next, you’ll want to consider other, cheaper alternatives. If you’re in a pinch, a quick online loan may be all you need.
Unlike the old days, you can even access your financial information in real-time. For instance, you can see the details of a check that has been made by your credit card. Similarly, you can look at your recent credit card statements to find out the best interest rate for a new loan. This could save you from paying a steep bill, or worse yet, having to take out a loan in the first place.
If you are in the market for a small loan, you might want to consider using a credit union instead. It’s easier to access your accounts and you can even apply for loans online. Also, the process is not as time consuming as it sounds. Once you have your loan, you can make it back in four weeks, minus a small flat fee.
Documents required to take a personal loan
If you need some quick cash, you can apply for a personal loan through the Cash Fish Loan App. However, you must have some documents with you to complete the application. This article will tell you what you need to get a personal loan from Cash Fish.
The first thing that you will need to have is an Aadhaar card. This is a government-issued ID card that can serve as a valid form of identification. You can also provide other forms of identification such as a passport or a driving license.
Several lenders will also require you to submit proof of your address and income. This may include utility bills or a rent agreement. Some lenders may even ask you to provide bank statements that have been credited with your salary.
There are many fintechs on the scene offering small loans at competitive rates. However, most of them have no websites. That’s why it’s crucial to look for a well-established lender. This way, you can be sure that your personal data will be in safe hands. In addition, you will not have to worry about the app’s legitimacy.
One of the best apps to use is Cash Fish. The company offers personal loans at a maximum rate of 30%. The company also provides the convenience of sending the loan within 24 hours. You can get up to a month’s worth of money in a single go. But you must be an Indian citizen with a monthly income of Rs 15000 or less. Also, you need to have a PAN card to qualify for the loan.
Extorts money using morphed photos
Manish Kumar, a resident of Bihar, was arrested by Hyderabad police for allegedly using morphed nude photos to blackmail people. He also possessed a mobile phone with PAN details of some loan app customers. According to the complainant, Kumar harassed the victims through abusive WhatsApp calls. He also possessed a mobile phone and sent morphed photos of the loan customers.
The sextortion racket began with a friend request on a social networking application. The victim was then asked to pay money in advance. Gangs of scamsters are based in UP, Rajasthan, and Mathura. They use the passwords of victims to access their data.
One woman, who is working for a private firm, alleged that she was harassed by executives of the instant loan app. She also claimed that she was extorted by the call centre operators, who threatened to share morphed pictures of her with other contacts. The complainant changed her phone number and filed a complaint with Kavi Nagar police station in Hyderabad.
Cashfish Loan App is an unsecured loan that offers loans to applicants with a comparatively low interest rate. The application has certain features that set it apart from other loan apps. For example, the Cash Fish app provides personal loans with a loan amount of up to Rs 50000. It also gives a variety of loans based on Aadhaar. Moreover, the loan app charges a 1%-9% origination fee. During the application process, borrowers are asked to provide their details such as income, address, and other pertinent information.
The application also offers chat and photo galleries. Users are asked to upload their PAN card, live photo, and Aadhaar. However, there have been cases of fraudulent applications that exploit user data and upload it to servers in Hong Kong. Visit New Business Plan to Know more.