A Non-Banking Financial Company (NBFC) is a financial institution that provides banking-like services such as loans, credit, asset financing, and investments but does not have a banking license. It cannot accept demand deposits or issue cheques. NBFCs are regulated (e.g., by the RBI in India) and play a key role in providing financial services, especially in rural and underserved areas. They help support sectors like SMEs, infrastructure, and microfinance.
NBFCs cannot accept demand deposits.
CashPe is a smart financial technology platform by NISKHA FINANCE PRIVATE LIMITED, designed to empower young salaried professionals with easy access to short-term personal loans. With a simple and fully online application process, users can apply directly through the website by uploading just a few essential documents—salary slip, bank statement, PAN card, and proof of address.
The experience is hassle-free and fast, with minimal paperwork and quick approval. Once approved, funds are disbursed directly to the borrower's bank account within minutes, making CashPe a reliable solution for urgent financial needs.
A personal loan is a type of unsecured loan that is typically used for personal expenses, such as unexpected medical bills, home repairs, or other unexpected expenses. Unlike a mortgage or car loan, personal loans do not require collateral, such as a house or car, to secure the loan. Instead, the lender typically evaluates the borrower's creditworthiness and income to determine their ability to repay the loan. Personal loans typically have a fixed interest rate and a fixed monthly payment and are typically repaid over a period of one to five years. Personal loans can be obtained from banks, credit unions, and online lenders.
CashPe loans are designed for young salaried professionals who meet the following criteria.
Once you meet the eligibility criteria and submit the required documents, you can apply online and receive funds within minutes, subject to verification and approval.
With CashPe, eligible salaried individuals can borrow short-term personal loans ranging from ₹5,000 to ₹1,00,000, depending on their income, credit profile, and loan eligibility. The exact loan amount is determined after a quick assessment of your submitted documents and financial history.
No. We believe in our customers and have trust in them. Therefore, we do not require any collateral or security to be provided when applying for a personal loan. All we need are your valid documents to verify your eligibility.
Yes, if it is necessary, you can make changes to your loan request.
The lender extends you the loan through the CashPe website because they have confidence in your creditworthiness and ability to repay the loan. However, if you default on the loan despite this trust, the lender will be forced to make your default status public on CashPe website, and even your social media accounts. Additionally, the lender will take necessary recovery actions and inform CIBIL and other credit rating agencies.
When a borrower fails to repay the entire loan amount, including interest, within the specified time frame, including any extensions, from the date of loan disbursement, it is considered a default. If you do not make the repayment within the given time frame, you will be labelled as a defaulter with CashPe and will be unable to take another loan from CashPe.
We accept payments only through NEFT, IMPS/UPI/CHEQUES methods. To make a payment, please visit https://www.cashpeloan.com/repay-loan.
Please be sure to verify the accuracy of the above information before making any transfer. If you require any further assistance, please reach out to info@cashpeloan.com.
Yes, you have the option to repay your loan prior to the due date and avoid accruing additional daily interest.
