FIXED MONTHLY INCOME PRODUCT THROUGH NCD – BHANIX
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Fixed Monthly Income Product Through NCD – Bhanix

Bhanix Finance & Investment Ltd.
CASHe is a Loan Distribution Application of Bhanix

Bhanix Finance & Investment Ltd Promoted by Aeries Financial Technology – Mr. V Raman Kumar. Kumar launched CASHe in 2016. The company is a mobile-only credit platform that focuses on financial inclusion for millennials. Kumar believes that providing a seamless customer experience and value-added services is key to retaining customers in the fintech space.
As on November, 2024

  • Currently they are managing AUM of Rs. 1400 Cr
  • 4.5 Cr Customer base. NPA is below 2%.
  • Loans Disbursed – Rs. 10.5K.
  • 3.5 M – No of Loan Disbursed.

Bhanix Finance & Investment Ltd Offered NCD – Senior Secured

  • Bhanix Finance Offers Senior Secure NCD to all kind of investors. (Senior Secure NCD backed by Collateral and having highest priority to be paid back in the event of company Default – In this case Aeries Financial Technology is parent Company)
  • Investment Cycle of NCD starts from 13months, 15 months & 18 months (it may vary from time to time depends upon Offers)
  • NCD offered 11% Interest & XIRR could be in a range of 14% to 15% (Again it may vary from time to time depends on NCD Offers)
  • NCD may be primary issue or it may be Recurring Issue.
  • Depends upon Primary or Recurring issue of NCD – Minimum Investment may start from 1 Lacs\5 Lacs or with Rs. 10 lacs.
  • Monthly Income & Cumulative Options are available in NCD Investments.
  • TDS Will be deducted at Source by Bhanix Finance & Investments – If TDS not applied clients has to provide - Form 15 H (If Age is above 61 Years) & Form 15 G (If Age below 60 Years) at the time of investments.

Now, brief on Business of Bhanix Finance & Investment Ltd…

  • It’s a – Retail Loan Provider NBFC – Regulated by RBI.
  • Base Minimum Criteria for Loan Distribution - Those having… (Through – Cashe mobile application)
  • Borrower having 700 CIBIL Score
  • Having Salary of Rs. 45,000 Per Month
  • Minimum Loan amount Starts from 45,000 and Maximum It would be Rs.3,00,000.
  • While giving Loan to Salaried person - Jobless Insurance taken by Bhanix Finance – It’s through ICICI Lombard – It’s compulsory for loan taker, Resulting in less NPA.
  • Bhanix is earning 2.75 to 3% interest per month, from Borrower depends upon loan criteria.
  • Preferred Loan Criteria – Client Having aim of BNPL–Buy Now Pay Later, EVs, Education Loan (Upton 12th Standard)
  • Client fulfilling criteria can avail the loan within 10 minutes.
  • No Prepayment charges by Bhanix Finance from the borrower.
  • They are also charging processing fee – Starting from Rs. 500 per borrower.

One may visit Website for more information
https://www.bhanixfinance.com/index.html