CashFish is a free loan app in India developed by JhuriaFinancialServicesPrivateLimited. This financial solution offers swift and convenient access to short-term loans for those in need of immediate financing. Users can apply for a loan through their own personal devices, making the process more convenient and streamlined. Plus, they can get results within minutes of the loan request submission.

Like other Indian digital loan services, such as MoneyTap and KreditBee, CashFish offers a wide range of loan options with across-the-board interest rates. Borrowers can rest assured that all transactions are safe with reliable encryption technology.

How does it work?

CashFish offers a paperless loan request process, which not only provides increased efficiency but greater accessibility as well for users with a smart device. Additionally, loan programs don’t require borrowers to provide credit cards or any type of collateral to be qualified. Borrowers can choose from an array of loan options that best suit their financial needs. After a few minutes, they will be informed of the loan application result.

This loan service is available for salaried and self-employed Indian citizens between 18 and 60 years old. Loan amounts range from ₹2,000 to ₹50,000 and are determined based on the applicant's qualifications. Borrowers are given a term of 91 to 365 days with options for repayment in one lump sum or monthly installments. The applicable interest rate is 30% across all types of loans.

You only need to register using your phone number to avail of any loan program. Once approved, the funds will be disbursed immediately to your nominated bank account or e-wallet. While the loan process is simple, there are reported complaints from borrowers regarding the inefficiency of payment collection. It involves receiving SMS alerts from the company requiring immediate payment from borrowers even when they have just fulfilled their repayment obligations.

Is it safe and trustworthy?

CashFish is designed to make borrowing funds easy and fast. However, this convenience may lead to a debt trap as the process only requires a few clicks and minutes of approval. The interest rate is also astronomical compared to those of traditional loan programs. In some cases, the payment collection process is not customer-friendly, making this service unreliable. Overall, this app may not be the best money-lending option for borrowers.