Cash Wallet-Personal Loan App is a free-to-use financial app created by TOTAL INVESTMENTS PRIVATE LIMITED. This loan platform, based in India, is designed to offer fast and convenient personal loans to users anywhere in the subcontinent. Aside from first-time recognition for new users, it generally offers fast loan approval processes with flexible payment terms.

Overall, Cash Wallet-Personal Loan App works just like any other online loan app, with added reliability and convenience thanks to its automated processes. Also, like other similar apps, it gets annoying should you miss payments, just like PinoyLend or Prima Cash Loan App in the Philippines.

Get flexible loans in India

The first thing to note is that Cash Wallet-Personal Loan App only operates in India. Developers of the app have expressed commitment to adhering to the Fair Practice Code of the Reserve Bank of India. As such, the app will require new users to register and wait for the platform to acknowledge them. This requires the submission of different requirements and can take up to 48 hours.

Once you get past the registration process, you can enjoy what the app has to offer. Its layout is straightforward, making it easy to file for a loan. Eligible users can borrow anywhere from 1,000 to 60,000 Indian rupees. For the payment terms, you can choose between 90 to 360 days. Of course, the shorter the term means the less interest charged on top of your loan. 

Also, the disbursed loan amounts are released directly to your bank account. However, while the app works well on mobile devices, its services also share the same disadvantage. Should you fail to make your payments on time, the app will call you and will send text and email messages to the contact information you have provided. This includes the contact persons you included when you applied.

A standard-fare loan app

As far as loan apps are concerned, Cash Wallet-Personal Loan App doesn’t reinvent the market, although it is admittedly more reliable and consistent than its contemporaries. For Indian working people in need of additional funds, it releases quickly and straight to your bank account. Of course, missing out on your payments can lead to headaches in terms of consistent messages and calls, for you and your contacts.