StashFin is a digital lending platform that offers personal loans, credit lines, and other financial products to individuals in need of financial assistance. The app claims to provide hassle-free loans with minimal documentation requirements and quick disbursal. In this article, you will get detailed Stashfin review, its features, and explore its pros and cons, along with some alternatives and frequently asked questions.
Pros of Stashfin
- StashFin has several advantages that make it a popular choice among borrowers. Firstly, the app offers loans at competitive interest rates, making it an affordable option for those in need of financial assistance.
- Secondly, the app has a user-friendly interface that makes it easy for borrowers to apply for loans and track their application status.
- Thirdly, the app has a quick turnaround time, with loan disbursal within 24 hours of loan approval.
- Approved by RBI: StashFin is the unit of Akara Capital Advisors Pvt. Ltd, an RBI-licensed NBFC registered under the Indian Company Act.
Cons of Stashfin App
- While StashFin has several advantages, there are also some drawbacks to consider. Firstly, the app charges a processing fee of up to 2.5% of the loan amount, which can increase the cost of borrowing.
- Secondly, the app requires borrowers to have a minimum monthly income of Rs. 15,000, which might exclude some individuals from applying.
- Lastly, the app has limited availability, with loans currently only available in select cities in India.
Stashfin Reviews by Users – Is it Legit?
Overall, StashFin has received positive reviews from borrowers who have used the app. Borrowers have praised the app for its user-friendly interface, quick disbursal, and competitive interest rates. This app has 4.1 stars out of 5 on Google Play store.
However, some borrowers have raised concerns over the high processing fee charged by the app and the limited availability of loans in certain cities.
Alternative Apps for You
These apps offer similar services, including personal loans with quick disbursal and minimal documentation requirements. However, it’s important to compare interest rates, processing fees, and repayment periods before choosing an app.
Also read: ETmoney Vs Groww – Which app is better?
StashFin is a digital lending platform that provides personal loans and credit lines to individuals in India. The app offers a quick and hassle-free loan application process, with minimal documentation requirements and quick disbursal.
Summarizing this Stashfin review, with competitive interest rates and flexible repayment options, it is a popular choice among borrowers in need of financial assistance. However, it’s important to compare interest rates, processing fees, and repayment periods before choosing a lending platform. Visit ThinkMoneyTrader for more financial bytes like this.
Frequently Asked Questions (FAQs)
What type of loans does StashFin offer?
StashFin offers personal loans and credit lines to individuals in need of financial assistance.
What are the eligibility criteria to apply for a loan on StashFin?
To be eligible for a loan on StashFin, you must be an Indian citizen aged between 21 and 58 years with a minimum monthly income of Rs. 15,000.
How long does it take to get a loan approved and disbursed on StashFin?
StashFin claims to provide quick disbursal, with loan approval and disbursal within 24 hours of application.
What documents are required to apply for a loan on StashFin?
The documents required to apply for a loan on StashFin include PAN card, Aadhaar card, bank statement, and salary slips.
What are the interest rates charged by StashFin?
The interest rates charged by StashFin vary depending on the loan amount and repayment period. However, the app claims to offer competitive interest rates.