CashVia

CashVia – Digital Lending App

CashVia is a Digital Lending App (DLA) that facilitates personal loans offered by RBI-registered Non-Banking Financial Companies (NBFCs). CashVia does not directly provide loans. Loan approval, disbursal, interest rates, fees, repayment tenure, and repayment terms are determined by the respective NBFCs in accordance with applicable RBI guidelines.

Through CashVia, users can check their eligibility, complete the application digitally, and review important loan details, including the applicable interest rate, processing fees, repayment tenure, instalment amount, and repayment schedule before accepting a loan offer.

CashVia aims to simplify the borrowing journey through streamlined digital processes, transparent disclosures, timely updates, repayment reminders, and customer support. We encourage users to review the applicable loan terms carefully and make informed borrowing decisions.

Loan Details

Loan Type: Personal Loan
Minimum Loan Amount: ₹10000
Maximum Loan Amount: ₹200000
Repayment Period: 90–105 days, as applicable to the loan offer
Interest Rate: As specified in the applicable loan offer
Processing Fee: As specified in the loan offer, plus applicable taxes
Maximum Annual Percentage Rate (APR): Up to 58.8% per annum, subject to verification against the actual loan terms and repayment schedule
Lending Partners: Grow Money Capital Private Limited

Actual loan amounts, interest rates, fees, repayment periods, instalment amounts, and APR may vary depending on the lending partner's terms and the borrower's eligibility. All applicable charges and repayment terms will be disclosed before the borrower accepts a loan offer.

Representative Example of a Personal Loan

The following example illustrates a personal loan of ₹25,000 for a 3-month repayment period at a nominal interest rate of 36% per annum.

Loan Details

Loan Principal: ₹25,000
llustrative Tenure: 3 months (subject to the actual loan agreement)
Nominal Interest Rate: 36% per annum

Cost Breakdown

* Total Interest Payable: ₹2,250, assuming simple interest for the illustrative period
* Processing Fee: ₹1,250
* Total Cost of the Loan (Interest and Processing Fee): ₹3,500, assuming no additional charges apply

Repayment Details

* Approximate Monthly Instalment: ₹9,500, assuming three equal payments
* Total Amount Payable: ₹28,500, assuming no additional charges apply and the stated processing fee is included in the total cost

Annual Percentage Rate (APR)

The maximum APR is stated as up to 58.8% per annum, subject to verification using the actual loan disbursement, applicable fees, repayment dates, and instalment schedule. APR represents the overall cost of borrowing and may differ from the nominal interest rate.

The final repayment amount, instalment schedule, applicable fees, and APR will be disclosed in the loan offer and loan agreement before acceptance.

Responsible Borrowing

CashVia encourages responsible borrowing by helping users review loan terms, understand repayment obligations, and stay informed through timely notifications and repayment reminders. Borrowers should assess their repayment capacity and review all applicable charges before accepting a loan.

Privacy and Data Protection

CashVia is committed to protecting users' personal information through appropriate privacy and security safeguards. Personal information is handled in accordance with the app's Privacy Policy and applicable laws. Users can review how their information is collected, used, stored, and shared in the Privacy Policy.

Privacy Policy: https://cashvia.in/privacy_policy.html

Customer Support

For assistance with the application process, loan details, repayments, or other queries, please contact CashVia through the customer support details provided within the app.