Instant Loan: CASHe fintech company offering loans in 30 seconds (symbol)
Lender company CASHe claims that it is the first fintech startup that is providing loans in 30 seconds without any documents, without downloading any app and without filling any form. KYC will also be done on WhatsApp only.
Instant Loan (Instant Loan) era. Now people do not want to wait even for a while to get a loan. This is the reason that every day new fintech startups are being launched in the market to give loans. There is a competition among these startups as to who can give loans in less time. That too without any frills. In this episode, a company has come forward whose name is CASHe. It is a fintech startup promising to give loans to its customers in just 30 seconds. The entire loan process will be completed on WhatsApp. There will be no need to submit papers and there will be no need to stand in the queue. This company Artificial Intelligence (AI) for quick loan issuanceAI) is using a chatbot.
Lender company CASHe claims that it is the first fintech startup that is providing loans in 30 seconds without any documents, without downloading any app and without filling any form. In this, the user will have to message CASHe’s WhatsApp number 8097553191 by writing Hi. Then the way for loan disbursal will be cleared through the chatbot on WhatsApp.
loan in 30 seconds
On the above mentioned WhatsApp number, the user will have to message by writing hi. For salaried customers, this facility of 30 seconds loan will be open for 24 hours and seven days. The company claims that it will take up to 1 minute from applying for the loan to getting it. The company says that the AI-powered chatbot on WhatsApp will verify the information given by the customer and this work is to be completed automatically. In this sequence, the automatic application of the loan will be issued, with which there will also be a system of KYC checking. The approval will be received during the chat itself and the loan money will be credited to the customer’s account.
AI based loan facility
On WhatsApp’s bot, the user only has to enter his name. As soon as the name is entered, the complete details of the customer will be visible in the chat. The customer only needs to enter his/her name at the beginning of the chat. The company has said that in view of the use of WhatsApp, the facility of instant loan has been started on that platform. Today most of the people have WhatsApp in their phone where instant loan can be given in few seconds.
CASHe’s WhatsApp chat service has been launched on the WhatsApp Business platform. This company is a six year old AI based startup which provides loan facility only on mobile. So far 2 crore apps of this company have been downloaded and about 4 lakh customers have been given loans worth Rs 400 crore.(Reference)
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