Financial emergencies are often unexpected! Due to this, personal loan, one of the most availed financial tools in the current times, have undoubtedly become a crucial tool for individuals to bridge the gap between their aspirations and their current financial standing.  We at Stashfin understand the significance of such loans and aim to demystify all the intricacies surrounding them. In this blog today, we’ll dive deep into the ins and outs of personal loans, shedding light on how they actually work and how we can be your trusted partner on your financial journey.  What exactly is a personal loan? Can you use it for anything? One of the top reasons why people prefer this type of loan in order to fulfill their financial emergencies is the flexibility it offers. It is basically an unsecured type of loan that’ll allow you to borrow a specific amount of money from us. Keep in mind that unlike a home or a car loan which often requires some collateral, we don’t ask for any such thing.  Now, when it comes to flexibility, such loans allow the borrowers to utilize the funds for various purposes, including debt consolidation, home renovations, unexpected medical expenses, education or travel costs, etc. Therefore, you can literally use this loan amount for any kind of personal purpose without worrying.  What are the top advantages of this loan? Flexibility of use One of the major advantages, as discussed above, is their unparalleled flexibility. Unlike specific-purpose loans like car or home loans, personal loans grant borrowers the ultimate freedom to use funds for endless purposes.  Instant Access When you join hands with Stashfin, we aim to disburse the fast cash loan amount within no time so that you can fulfill your financial emergency in no time. We understand the fact that in tough times, the ability to access funds swiftly can be crucial. No Collateral Required As these loans are totally unsecured, they don’t require collateral such as a house or car to secure the loan. With this, all the risk of losing any kind of valuable asset in case of default is brought down to zero, providing complete peace of mind for the borrowers. The absence of collateral also expedites the application and approval process, making personal loans a quicker and more accessible option.  Efficiency for debt consolidation These quick cash loan serve as quite a powerful tool for consolidating high-interest debts into a single and much more manageable loan. By paying off multiple debts with varying rate of interest, borrowers can streamline their finances and potentially save money on interest.  How to avail a fast cash loan? How much time does it take? We have made one thing clear: to make things super easy for the potential borrowers. You just need to download our application on your iPhone or Android device, and you are more than good to go. Here is a step-by-step guide on how to avail loan from Stashfin: Download the app from the Play Store/App Store Sign up using your mobile number Add your personal details to check your credit limit Complete KYC  By following these four simple steps, you’ll be able to avail this facility from us in no time. Conclusion In the world of finance, small personal loans stand out as a versatile and accessible tool, offering tons of benefits for potential individuals. If you are planning to avail such an instant personal loan, we offer one of the best terms and conditions, which leave you with no other option. Get in touch with us to explore more!   

Personal loan! This term is quite trending in the current times where potential borrowers are sitting in their comfort zone and waiting for the loan amount to be credited within no time. We at Stashfin design such loan facilities that offer convenience and ease to everyone. However, it is a crucial step for our potential customers to understand the rules, terms and conditions associated with the product. This kind of understanding ensures a transparent, fair and seamless experience from both sides.  Instant Personal Loan: How instant are they? The term instant depends and qualifies from company to company. However, for us and our team of experts, we literally instant loan offer the term to everyone. One needs to follow a simple procedure, which is necessary, following which, after our deep check and consideration, the amount is disbursed. However, this complete procedure takes no time and one needs to only wait for a few hours! For the first 30 days, we charge 0% interest on the loan amount. This means that once you avail of the loan facility from Stashfin and plan to return the amount within 30 days, no interest will be charged on the loan amount. So what are you waiting for? Rules, Terms and Conditions Rate of interest and fees When considering a personal loan, one of the most essential aspects to keep in mind is the rate of interest and associated fees. Stashfin offers rates starting from 11.99% APR (Annual Percentage Rate); however, this may vary from case to case. Furthermore, we do charge low platform fees and have no other hidden costs. What sets us apart from the others is that we don’t charge any interest for the first 30 days.  Eligibility criteria To qualify for such a loan, there are certain eligibility requirements that need to be met by the potential borrower. Firstly, you need to be a resident of India and above the age of 18. Secondly, you need to earn a monthly salary of Rs 15,000/- and a bank account, valid identity and address proof to apply for personal loan.  Amount and tenure When you join hands with Stashfin, we are open to offering a credit limit of upto Rs 5,00,00/-. However, in personal loans, if the amount is essential, so is the tenure of the loan. You can easily choose from flexible tenure options that go up to 36 months, i.e., a three-year whooping period of 3 years.  Documentation and Processing Familiarizing oneself with the required documentation and the overall application process simplifies the loan application journey. At Stashfin, we aim for a hassle-free application process with minimal documentation, ultimately ensuring a quick turnaround time.  Step-by-step guide to avail loan from us If you are planning to avail loan from Stashfin, you can apply on our website or simply download the application, which is available for both Android and iPhone. Once you do this, you can easily avail the loan amount within no time. Download the app from the Play Store/App Store Sign up using your mobile number Add your personal details to check your credit limit Complete KYC Once approved, the amount will be credited to your account and you’ll get personal loan online instantly Conclusion A valuable financial tool, this type of loan, can be a valuable financial tool used wisely. Understanding the rules, terms, and conditions associated with these loans is pivotal for making informed decisions.  When you come to us, we strive to offer the ultimate transparency and clarity in order to ensure our potential customers have a smooth instant personal loan borrowing experience.   

One of the most availed financial tools that many individuals utilize in the current times is a personal loan. Whether you need the amount for your home refurbishment, managing unexpected expenses, consolidating any ongoing debt, or going on a vacation, this type of loan helps you manage your finances efficiently.  We at Stashfin believe in empowering all our potential customers with knowledge so they can make well-informed and wise decisions about their loans. Long gone are the days when people actually had to travel to financial institutions in order to avail such facilities. However, today, in this comprehensive guide, we’ll delve into the intricacies of loan closure and part payments.  Understanding Personal Loan’s Closure: What exactly is it? As the term implies, it refers to the process of settling and repaying an instant personal loan in full, bringing the borrowing arrangement to a total close. This enables the borrower to satisfy the entire outstanding amount of the loan, including the principal amount and any accrued interest/fees.  Standard Closure This method involves fulfilling the loan agreement by paying all the EMIs (Equated Monthly Installments) and interest according to the original terms and conditions until the loan amount is fully repaid.  Pre-Closure Pre-closure or early payment occurs when the borrower opts to repay the loan before the scheduled end date as per the personal loan policy. When an individual follows this procedure, they save on the interest amount they would otherwise accrue. It’s quite a favourable choice for those with surplus funds aiming to close their loan earlier.  Partial Repayment Part prepayment involves repaying just a portion of the loan principal without fully closing the loan. This kind of approach helps in reducing the tenure of the loan and overall interest paid.  What are its advantages? Savings on interest Closing an ongoing loan early or making its part payments leads to reduced outstanding principal. This, in turn, lowers the total interest payable over the loan term. By decreasing the principal amount, borrowers can effectively minimize the interest burden, saving significant amounts in the long run.   Credit Score Improvement Timely closure or consistent part payments reflect positively on the credit history of the borrower. When you tend to successfully pay off the loan, it clearly demonstrates financial responsibility and discipline, ultimately boosting the credit score. Now, it is a well-known fact that a higher score can facilitate easier access to credit and better terms for future loans or financial products.  Financial Flexibility When you close a personal loan, you are free from the ongoing personal loan in EMI obligations. This also leads to freeing up finances for other investments, expenses, or savings goals. This newfound financial flexibility enables one to allocate funds towards other essential needs or savings, contributing to a more secure and stable financial future.  Reduced Financial Stress Closing a loan or consistently making part payments cuts down all the financial stress associated with debt. The knowledge that the loan is gradually decreasing or nearing closure provides a sense of financial security. Reduced debt burden translates to improved mental well-being, allowing individuals to focus on other financial goals or investments.  Accelerate Financial Goals Paying off a personal loan faster or reducing the balance simply by part payments can pace progress toward other essential financial goals. It frees up your monthly income, allowing you to allocate funds toward savings via a proper channel. Conclusion All-in-all, successfully closing an instant personal loan online is associated with various benefits, including a potential boost to the credit score, reducing burden, increased financial stability, and freedom.  Get in touch with us to start your financial freedom journey!   

Often known for their flexibility and accessibility, a personal loan easily lends a helping hand in covering various kinds of expenses, consolidating debts, or funding unexpected emergencies. Moreover, in recent times, it has become one of the most popular financial facilities. However, hidden in the terms and conditions of some such loans lies a clause that borrowers might overlook. It is known and called as prepayment penalties, and you might be aware of it.   What is a prepayment penalty? Why does it exist? It is basically a fee amount charged by the lenders to borrowers who repay or partially repay their loan before the end of its tenure. This type of penalty is designed to compensate for the lender's lost revenue amount, and the percentage here depends on the lender's policy.  On prepayment of such personal loan, lenders have the ability to calculate the penalty amount based on the remaining principal or even how much interest on personal loan remains once the loan has been paid off.  However, we at the Stashfin offer the facility to make a prepayment without any kind of penalty. It is pertinent to mention here that an early loan payment would not reduce the fees as notified at the time of application. The habit of early payment is regarded as good behaviour and could help one improve the Stashfin Score. What are its pros and cons for the borrower? Pros Potential for negotiation One of the major pros is that the borrowers here have the chance to discuss and modify the terms of prepayment penalties or seek loans without such penalties.  Potential for a lower rate of interest Loans that come with prepayment penalties may offer reduced rates compared to those lacking penalties.  Cons Unforeseen costs This can unexpectedly increase costs for borrowers who are planning to prepay it.  Limitation on financial flexibility They ultimately constrain the ability of the borrowers to manage their debts flexibility by penalizing early loan payoffs.  How to avoid a prepayment penalty? Check terms and conditions before commitment Not only personal loan, but before signing any kind of loan agreement, it is essential to review the terms and conditions first. Look specifically for clauses related to prepayment penalties and take your time to understand how and when these might be applied.  Negotiate whenever possible The borrowers, in some cases, might have complete opportunity to negotiate the terms of the loan, including prepayment penalties. So, if, luckily, you are dealing directly with the lender, don't hesitate at all to inquire about modifying or removing this clause.  Prepayment Penalty Waivers There are some lenders out there that the offer the option to waive the prepayment penalty under certain circumstances. So, explore whether the lender you opted for provides any such provisions. Understanding these waivers can provide opportunities to pay off the loan early without incurring additional fees.  Opt for Stashfin Apply for personal loan at Stashfin as we provide the option for early payment without the imposing any kind of financial penalties. However, it's important to note that making an early payment won't decrease the fees stated during the application process. Early repayment is seen as a positive practice and could positively impact one's Stashfin Score. Conclusion All in all, understanding this clause is quite essential for informed and wise financial decisions. While they can easily impact the flexibility of the borrower and even add unexpected costs, awareness empowers individuals to navigate terms and conditions of loans wisely.  Keep in mind that each loan varies in terms, and reading agreements diligently remains crucial. Therefore, by staying aware, you can mitigate the impact of such penalties. Read more to know about the How to get Lowest Interest Rate on Personal Loan

In the current fast-paced digital world, financial freedom plays a pivotal role in shaping our aspirations and fulfilling our dreams. As we navigate and turn through life’s twists and turns, having access to flexible financial solutions becomes increasingly important. This is where Stashfin, one of the most trending loan application, steps in.  We are committed to empowering potential individuals to seize opportunities and navigate challenges seamlessly without worrying about finances. Just a few taps on your smartphone, and we’ll be there for you. Our interest-free personal loans are tailored in such a way that they offer the flexibility and freedom you deserve.  What is a personal loan? Why should you consider it in 2023? It’s 2023! Availing this type of loan, especially with us, is just like ordering your favourite snacks by simply sitting at home. However, we offer the option to pay back the same amount you borrowed from us without charging any interest.  So, unlike certain loans like a car or home loan that binds the user to use it for a particular purchase, Stashfin doesn’t ask you where you are going to use the funds. You are free as a bird to use the loan amount and fulfill your commitments.  Moreover, we don’t require any collateral from you, which means that you don’t need to put down any of your valuable stuff. Just easy and fixed monthly instalments over a predetermined period will do.   What can you use a personal loan for? Well, once the amount is credited into your account, it’s your call how to use personal loan for salaried. You can use it to consolidate any ongoing debt or even plan a vacation with your loved ones; it’s up to you.  Debt Consolidation Now, we all are well aware of the fact that managing multiple debts can be overwhelming, leading to high-interest payments and a complicated financial landscape. However, this type of loan can serve as a consolidation tool, allowing you to combine multiple debts into a single manageable payment. Home/Workspace Renovation Your home or workspace is more than just a place to live or work; it basically reflects your personality and aspirations. Personal loan can be utilized to fund home improvement projects, whether it’s remodelling your kitchen, office cabin, bathrooms, etc. With our interest-free offerings, you can give your space the makeover it deserves.  Unexpected medical expenses Health emergencies can arise unexpectedly, leaving one financially unprepared. Quick Personal loans can efficiently serve as a safety net during challenging and demanding times, covering medical bills, treatment costs, or other related expenses.  Vacation and Travel Travel opens doors to new experiences, but obviously, it comes with a price. Whether it’s a long-awaited vacation with your loved ones or an adventurous bachelor’s trip, these loans can easily finance your travel plans.  Wedding Expenses Both these words go hand in hand! Planning such an event involves a multitude of expenses, from venue bookings to catering and decorations. However, our loan offering can ease the financial burden associated with it, enabling one to create the perfect and memorable celebration.  Conclusion At Stashfin, our interest-free personal loans are designed to offer convenience, flexibility, and freedom. With an easy process and instant disbursal, we aim to empower individuals to achieve their aspirations without the stress of interest rates. Get in touch with us or download our application now to apply for personal loan!