Cemfil Cash is a digital personal loan application for eligible users in India. The app provides access to essential information throughout the loan process, allowing users to submit requested details, examine available terms, check application updates, and refer to repayment records.
Applicants can use their mobile device to provide the information required for assessment and complete relevant verification procedures. Submitted information is reviewed according to applicable KYC, eligibility, and credit assessment requirements. If a loan offer is made available, its financial terms and repayment obligations are presented for consideration before acceptance.
Loan Details at a Glance:
Loan Amount: Up to Rs. 4 lakh
Repayment Tenure: 91 to 360 days
Annual Interest Rate: 8% to 20%
Maximum APR: Up to 36% per annum, including applicable interest and charges
Processing Fee: Maximum 2% of the loan sum, plus applicable GST
Repayment Terms: Based on the Key Facts Statement and loan agreement
The final loan amount, repayment period, annual interest rate, APR, fees, GST, scheduled payments, due dates, and total payable depend on the assessment result and final loan arrangement.
Example Illustration:
For a loan of Rs. 25,000 with a 4-month term and an APR of 11.28%, you'll incur a processing fee of Rs. 500 plus Rs. 90 in GST, totaling Rs. 590. The total interest accumulated over the loan duration will be Rs. 927. Your monthly EMI will amount to Rs. 6,482, resulting in a total repayment sum of Rs. 25,927. After service deductions, your final amount is Rs. 24,410.
This example is intended to demonstrate the calculation only. It is not a guaranteed offer. Actual costs and repayment amounts will be based on the final terms presented before acceptance, including any applicable fees and GST.
Services Available Through Cemfil Cash:
Digital Application
Provide the personal, financial, and supporting information requested during the application process.
Loan Details
Review the amount, tenure, annual interest rate, APR, charges, repayment dates, and total payable associated with an available offer.
Application Updates
Refer to the latest available status information while the application is being assessed and processed.
Repayment Records
Access payment schedules, amounts due, completed repayments, and previous loan information.
Account Maintenance
Update permitted personal, contact, and bank account details when changes are required.
Eligibility Guidelines:
Live in India
Have an active Indian mobile number
Be at least 18 years old
Hold a bank account in their own name
Possess a valid government-issued identification document
Submit correct and complete application information
These guidelines do not constitute a promise of approval. Every application is subject to the applicable verification, eligibility, and credit assessment procedures.
Important Borrowing Information:
Read the Key Facts Statement, loan agreement, APR, fees, repayment schedule, cooling-off terms, penal charges, and total payable before accepting a loan offer.
Borrowers should select an amount that is suitable for their circumstances and repayment ability. Late or missed payments may result in applicable charges and may affect future credit access.
Privacy and Help:
Cemfil Cash handles personal information in accordance with its Privacy Policy. Data may be processed for KYC, identity verification, application assessment, fraud prevention, loan servicing, repayment management, account administration, and customer support.
If you require help with Cemfil Cash, please send your enquiry to customercare@cemfilenterprises.com.
