StashFin is a unit of Akara Capital Advisors Private Limited. It is an RBI (Reserve Bank of India) licensed NBFC (Non-Banking Financial Company) registered under the Indian Companies Act.
Akara Capitals is also registered at “The Registrar of Companies”, Delhi and is classified as a non‑government company. Its activities involve accounting, legal, book-keeping and auditing, tax consultancy, market research and public opinion polling, and business and management consultancy.
Is it safe to borrow from StashFin?
The working and operations of StashFin are regulated by the RBI. Hence it is safe for borrowers to avail loans from StashFin. However, like all NBFCs, an applicant should make an informed choice after carefully analyzing various factors such as repayment features, loan tenure, processing rates, and most importantly interest rates.
More About StashFin:
StashFin is an ML (Machine-Learning) driven lending platform that offers virtual credit facilities to consumers. It charges annual interest rates starting from 11.99% onwards on loan amounts ranging from as little as ₹ 1000 to ₹ 5 Lakh. The tenure of repayment starts from 3 months to 36 months.
StashFin Product and Services
Personal Loans for all your needs– StashFin focuses on extending personal loans to underbanked individuals, and first-time credit borrowers; the segment of borrowers who are often neglected by banks and other NBFCs. Both salaried and self-employed individuals are eligible to avail loan from StashFin.
Employee Expense Management Program– It is an online management system devised by StashFin, which enables businesses to verify, approve, and reimburse all employees’ expenses such as travel, petty cash, flexi benefits, etc.
StashFin Credit Line– It is a standing loan provided to individuals, businesses, and organizations. It enables the borrowers to borrow a preset amount of funds whenever they need it and repay it in easy installments and continue to borrow without applying for a new loan.
StashFin Credit Line Card- The StashFin credit line also comes with a StashFin Credit Line Card (powered by VISA). It can be used just like a debit card to make payments at online gateways, merchant stores, and POS across India. It can also be used to withdraw cash (approved within the credit line) from ATMs.
To know more about applying and eligibility for a StashFin loan visit https://www.stashfin.com/
Great insights! I appreciate the detailed analysis on the safety of StashFin. It’s crucial to weigh the risks and benefits before using any financial service. Thanks for shedding light on this topic!