CASHe targets INR 2,000 crore disbursal in the coming fiscal



CASHe, India’s most preferred digital lending company for young salaried millennials, promoted by serial entrepreneur and private equity investor V. Raman Kumar, today announced that it has crossed Rs 650 crore loan disbursals through its mobile-only lending platform. CASHe has reached this milestone in 33 months since launch of operations in 2016, with a year-on-year growth of over 80% for unsecured loans ranging from Rs 10,000 to Rs 2,00,000. CASHe has disbursed 3,00,000 loans cumulatively to over 180,000 customers with an average daily disbursal of Rs 2 crores. The platform receives over 1000 applications in a day from young salaried millennials across India with an average loan request ranging from Rs 35,000 to Rs 40,000. The platform has registered over 2.2 million app downloads on iOS and Android app stores with an average daily download of 200 apps in a day. The company has now set a target to achieve 5 million app downloads by the end of 2019 FY. With the recent launch of CASHe emi Mcard, the company stated that it has issued over 8,000 emi cards to its customers on the day of its launch.


  • OverR 80% of unsecured loans range from INR 10,000 to INR 2,00,000
  • CASHe has disbursed 3,00,000 LOANS cumulatively to over 180,000 customers
  • CASHE receives over 1000 Applications per day
  • Average loan request ranging from INR 35,000 TO INR 40,000
  • Daily download of 200 Apps, the platform has over 2.2 MILLION registered App downloads
  • The company has now set a target to achieve 5 million App downloads by the end of 2019 FY.

The company further stated that it has planned to achieve INR 2,000 crore of disbursals for the next fiscal. The increase in loan outlay of INR 2,000 crore for the next fiscal is mainly attributed to the substantial rise in the average loan ticket size, higher demand of loans from urban working millennials from top corporates and blue-chip companies based in tier 1 & 2 cities and also faster credit decisions made possible from its proprietary industry-first credit scoring AI-based algorithm, the Social Loan Quotient (SLQ). With the launch of SLQ, India first social behaviour-based alternate credit-rating system on its application, the customers now get to see their individual credit score generated in real-time thereby allowing them to know if they qualify for a loan on not within few seconds. The SLQ has allowed the platform to build credit scores even for individuals with little or no formal credit information but who may actually be good candidates to obtain credit

Speaking on the announcement, the Chairman of CASHe, V. Raman Kumar said, “By disbursing INR 650 crores in loan disbursals within a span of 33 months, CASHe has propelled itself as the largest digital lending application in India. Over the past year, we have witnessed a strong growth from urban working millennials in securing unsecured short-term personal loans from CASHe. All this was made possible due to our relentless endeavours to bring about a transformational change in the traditional lending processes through innovative technological interventions that is unparalleled in the industry and by helping a large number of our customers to fulfil their short-term financial needs.”

Ketan Patel, CEO, CASHe, said, “From disbursing INR 50 crore of loans in the entire first year of operations to disbursing INR 50 crores per month during the current year, we are simply overwhelmed by the wide acceptance CASHe has found with the millennials. All this was made possible through our easy and hassle-free lending process, quick loan turnaround time, adoption of latest technologies like AI and machine learning in our alternate credit rating system , 100 % digitized processes and a better approval ratio. We keep technology at the core of our vision, and we are focussed on serving more of the new-to-credit customers in the coming months. We are completely focussed towards achieving our target to disburse INR 2,000 crore by the end of next fiscal. We will continue to aggressively pursue tie-ups with corporates for employee loan facility, add more channel partners, introduce exciting referral programs and further increase its digital footprint by launching attractive cross platform products to attract more potential borrowers.”

CASHe provides hassle-free loans with its app enabled documentation and loan disbursal/repayment process. Powered by its industry-first algorithm driven credit scoring platform, The Social Loan Quotient (SLQ), CASHe quickly determines a user’s credit worthiness by using multiple unique data points to arrive at a distinct credit profile of the customer. SLQ is transforming the traditional credit rating measurements thereby providing immediate loans to the under-served young professionals who are kept out by traditional credit rating and banking systems. CASHe is completely automated and requires no personal intervention and no physical documentation. The average time taken for a loan to be disbursed is about 8 minutes, subject to proper submission of all documents

About CASHe

CASHe is India’s most preferred digital lending company for young salaried millennials. CASHe provides immediate short-term personal loans to young professionals based on their social profile, merit and earning potential using its proprietary algorithm-based machine learning platform.

Latika Bhargava
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