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Frequently Asked Question

FREQUENTLY ASKED QUESTIONS

PERSONAL LOAN CREDIT LINE CARD CORPORATE FAQs ELEV8 PAYBACK FAQs VIRTUAL CARDS
What is StashFin and how does it work?

StashFin is a venture backed digital lending platform that provides quick and easy personal loans. StashFin was started by a team of former financial services professionals dedicated to disrupting traditional lending in India.

StashFin ensures an efficient end to end service delivery process including application, documentation and quick approval in as little as 4 hours from the time of application.

Who is eligible to apply?

Any Indian citizen residing in India, above the age of 18, with a proof of current employment, earning a monthly salary of ₹15,000 and above, a bank account and a valid identity and address proof can apply. In case of self-employed individuals, we require submission of last 2 years’ IT returns.

How much can I borrow and for how long?

You can get instant loans starting from ₹500 to ₹5 Lacs for a tenure of 3-36 months.

Will I get quick loan even if I apply on a holiday or beyond banking hours?

Our convenient web and mobile platforms allow you to apply for loan at any time and on any day.

What are your working hours?

Our business hours are 10AM to 7PM IST, Monday to Saturday with the exception of Bank holidays.

Do I need a guarantor?

We do not require a Guarantor for you to apply for a loan with StashFin but we may request one at our discretion in order to process your application if we feel that your personal profile does not currently meet our lending criteria.

What are the interest rates offered?

StashFin loans start from 11.99% annually on reducing balance and a low processing fee. We do not charge service fees, prepayment fees, or any other hidden fees. Interest rates may vary from a case to case basis and the rates offered will depend on our assessment of your credit profile.

How do StashFin rates compare with those of others?

Most banks/ credit card companies/ NBFCs charge a variety of fees which may include prepayment fees and other hidden charges. You may end up paying a much higher amount than you do when you have a loan with us.

How is having higher credit score beneficial?

A higher credit score indicates that you have a good track record with respect to loans that you have borrowed in the past. Therefore, if your credit score is high (more than 750 in case of CIBIL TransUnion), your chances of being granted a loan are much higher than if you have a lower score. Additionally, you may be able to negotiate benefits such as a lower interest rate, higher loan amount, etc. by leveraging your high credit score.

I need to understand more about the process/ application/ documentation, whom can I speak to?

You may talk to our customer care executives on live chat through our website. You can also drop a message through Contact Us on the website or “Help” on the app, and we’ll be happy to get in touch with you.

I am calling on your number but I can’t speak to anyone. Can you ask someone to call me?

Please reach out to us on the Contact Us page.

Why should I apply via StashFin?

StashFin is the ideal platform that enables you to take control of your financial needs, be it emergencies, home repairs, online shopping, festival shopping or lifestyle expenses. StashFin utilises proprietary machine learning capabilities to deliver a seamless lending experience to customers.

Here are the top reasons for applying for a loan with us:

  • It is both convenient and easy to apply for a personal loan with StashFin. We offer disbursals in as little as 4 hours after application processing is complete.
  • You can track your real-time application status from our website and mobile application.
  • We offer end-to-end services including document pickups at your chosen convenient time and quick disbursals.
  • We transfer funds to your account within 90 seconds in case you are an existing customer.
What is the application process like?

Here’s an overview of the application process

  • Easy, online application form
  • Digital document submission
  • Rate quote within 15 seconds
  • Track your application in real time using our website and mobile app
  • Document pickup at a location and time convenient to you
  • Approval in as little as 4 hours
How do I apply?
  • It's simple! Visit https://www.stashfin.com/stash-fin-app or download StashFin app.
  • Fill in your basic details and click on Proceed.
  • Verify OTP.
  • Fill mandatory personal and professional fields.
  • Upload your bank statement and other required documents.
  • You will be informed when your loan is approved along with details related to interest rate and tenure. You can then schedule document pickup as per your convenience.
I did not receive my OTP, what should I do?

If you are certain that you did not receive an OTP on your registered mobile number, please request the OTP again by clicking the button that says “Resend OTP” on the online application. To protect the security of your account our executives are unable to view your OTP and are therefore unable to email you the OTP.

Who will contact me after I input my information on StashFin’s website and Mobile Application?

You will receive a call from one of our friendly and helpful sales executives, who will assist you with the application and documentation process. They will verify some basic information and then schedule an appointment for doorstep document pickup.

What are the key documents required when applying for an instant loan?

Following is the list of documents that are required to process your loan. We require that you submit legible copies of these documents in jpg or pdf format:

  • Aadhar Card
  • PAN Card
  • Current Address Proof: Acceptable proofs are, Valid Rent Agreement, Voter ID card, Passport, Driving License, Aadhar Card or latest utility (Electric/ Landline/ Gas) bills. If the premises is rented, we would also need your landlord’s electricity bill.
  • Income Proof: In case of salaried customers, last three months' salary slips. In case of self-employed customers, last two years' IT Returns & GSTIN (GST Identification Number) slips.
  • Bank Statements: You may simply login to your bank account using a secure link that we send you in order to verify your bank statement. However, in case you cannot do so, you may upload your last 6 months’ complete bank statements showing your salary credit/ business transactions in PDF Format.

Once your loan has been approved, you will need to submit self-attested copies of all the above documents. We will collect these documents from your doorstep based on your convenience and our field agents will also click your photograph on the spot.

You ask for internet banking credentials. Is it safe to logon to my bank account through stashfin.com?

It is completely safe to provide your bank statement using your net banking credentials. Any login credentials you supply are encrypted and are never stored on our servers. We only receive the bank statement at the end of the transaction and we cannot see your net banking credentials.

How long does it take to process an application?

Accurate information on the application and correct documentation are key to speeding things up. The sooner you submit your application with correct documentation, the faster your application is processed. In most cases, we are able to process a loan application within 4 hours! It is that easy.

My documents were collected, but no one is contacting me. What should I do?

Your documents are getting verified by our team. Our team will get in touch with you soon. We appreciate your patience in the meantime.

What is the status of my application?

You can easily check the status of your application by logging into your account on https://www.stashfin.com or the StashFin App.

How do I know if my application is approved?

Once your application is approved you will receive an email and a notification on your mobile phone. You may also receive a notification if we require any further details to approve your application. You will also be able to check the status of your loan at www.stashfin.com or on the StashFin App after logging in with your credentials.

My loan has been disbursed, but the money is still not reflecting in my bank account. Why is that?

Once your loan is disbursed, the money will reach your bank account within 48-72 business hours. At the time of loan disbursal, the UTR (Unique Transaction Reference) number is shared with you, which you can track conveniently with your bank.

Why was my application declined? What can I improve?

Your application can be rejected for a variety of reasons, these may include omission of certain required documents, furnishing false information, lack of a job (or other means to repay) or not meeting our internal credit worthiness criteria. This is by no means a reflection on your credibility, it simply means that our criteria and your profile are not a current match. Any material change in your credit profile would help us re-evaluate your application and lend to you in the future. We value your precious time in fulfilling the application process and encourage you to reapply after three months.

Can I re-apply if I have been previously rejected for a loan?

We encourage you to re-apply if you feel that your application should be reviewed or if you believe that there is a significant improvement in your creditworthiness once 3 months have passed since your last application was rejected. However, approval remains at the sole discretion of StashFin.

How do I cancel my application?

You can reach out to us on through Contact us on our website or app.

Can I change my details in the application form?

Any details entered in the application form cannot be cancelled by you. In case of any errors please reach out to us through Contact us our website or app..

I submitted my documents but my request was declined. What will happen to my documents?

Rest assured, all your documents are safe with us. Additionally, we do not send documents for any case back to the customer. For further details, please refer to our document policy in our terms and conditions

How do I repay the loan?

The loan can be repaid in the form of Equated Monthly Instalment (EMI) via post-dated cheques or via NACH (National Automated Clearing House) mandates drawn in favour of the lender. You can even pay online by visiting www.stashfin.com or on StashFin app.

How do I check my account balance and EMI due date?

Please login to your StashFin account where you will find a customized dashboard that contains your loan application status and/or all details related to your loan.

How can I get my EMI details?

You can easily view your EMI amount, tenure, interest rate and other details on the StashFin app by choosing "Outgoing EMI" from the Home Screen.

Can I change my EMI date after receiving my loan amount?

We may consider your change request provided that it is placed at least 7 calendar days prior to the EMI date. However applicable interest (calculated and communicated on a case to case basis) and Rs.1500 (towards the date change) shall be charged.

Will you send me EMI payment reminder?

StashFin may send you messages in order to remind you of upcoming payments. However, it is your responsibility to pay your EMIs on time. Therefore, we request you to kindly maintain sufficient funds in your bank account to service your EMI liability in full.

How do I pay my EMI?

If your NACH is registered and set up with StashFin, you do not need to pay the EMI yourself. The EMI amount will get auto-debited on the due date. In case your EMI is due on a weekend or any other bank holiday, you need not worry. It will get auto-debited once the bank reopens. Just maintain sufficient balance.

You can make your EMI payment by logging into your account on the website and clicking on "Make Payment" on left hand panel. You can also use the app to effortlessly make your EMI payment. If you are paying yourself, please do so at least 2 working days before your EMI due date.

Please note:- that you will be charged a nominal fee of Rs. 20 plus GST when you make the payment on the website or the app.

What does NACH registration mean?

It means that on your EMI due date, the EMI amount will get auto-debited from your account. You can sit back and relax, without worrying about paying penalties due to accidentally missing your EMI due date.

Will my EMI get auto- debited or will I need to pay myself?

If your NACH is registered and set up with StashFin, you will be notified by us through an SMS. In that case you need not pay yourself. If your NACH has not yet been registered, please make the payment yourself by visiting https://www.stashfin.com or through the app atleast 2 working days before the EMI due date.

My EMI got double deducted, what should I do next?

If your EMI got double deducted, you need not worry as we will surely adjust the excess amount in the next EMI.

My EMI got double debited and my loan is closed. What should I do?

If your EMI got double debited and your loan is closed, you need not worry. We will surely refund the excess amount within 30 days.

How do I top up my loan?

If you are an existing StashFin customer, you can top-up your loan after paying 50% of your EMIs. Visit https://www.stashfin.com/contact-us, fill in your details and choose “Top-up existing loan”. One of our friendly executives will contact you soon.

I got an offer last month, how can I avail the same offer again?

Though we are delighted that you liked the offer that you got last month, it may no longer be available. We will inform you once we start another exciting offer that you are eligible for.

How can I foreclose my loan?

You need to pay at least 3 EMIs before you can foreclose your loan. If you have already paid 3 EMIs, you can put in a request for loan foreclosure through our website by clicking on Contact Us. Alternately, you can also get in touch with us through the app by clicking on “Help” in the app menu. One of our friendly and helpful executives will get in touch with you and guide you through the process.

My loan is closed. How can I get an NOC letter?

You can request for an NOC on live chat through our website or app. You can even drop a message by clicking on the Contact Us. Alternately, you can also get in touch with us through the app by clicking on “Help” in the app menu.

What do I do if I want to extend my loan?

You can drop a message by clicking on the Contact Us. You can also get in touch with us through the app by clicking on “Help” in the app menu. Alternately, you can even chat with our customer care executives through our website or app. We will be happy to evaluate your circumstances in order to make a decision on loan extension.

What is a StashFin Credit Line Card?

The StashFin Credit Line Card is a card on which the user can avail a real-time personal loan(s) from StashFin with loan amounts and tenures of their choosing. The user may use the card to withdraw cash from any ATM, swipe at any POS terminal or make purchases at any online merchant.

Who can avail the Card and what would be the limit?

The eligibility criteria for the StashFin Visa Credit Line Card is the same as that for personal loans disbursed by StashFin. Refer here for the same. After submitting all required details, documents and any other relevant information that we may require, an approved credit line is instantly activated on your StashFin Visa Credit Line Card.

What are the charges for the Card?

The schedule of charges is as follows:

Particulars Amount
Annual fee / maintenance charge NIL
Card issuance fee NIL
Card replacement fee Rs. 250.00
Card reload fee NIL
PIN regeneration fee on App NIL
Charge per balance enquiry at ATM Rs. 8.00
Balance enquiry on App NIL
Transaction history on App NIL
Block/ unblock card on App NIL
Charge per withdrawal (After free withdrawal limit gets over) Rs. 20.00

*The schedule of charges is subject to change and is at the discretion of the company.

How do I register my card?

You can seamlessly register your Card by clicking on "Register my Card" on the app menu. After entering the Card no., you will receive an OTP. Enter that and your Card will get registered. It's as simple as that. If you haven’t received an OTP on your registered mobile number, please request the OTP again by clicking the button that says “RESEND OTP”.

How can I use my card?

After loading money onto the Card, you can use it to withdraw funds from an ATM, shop offline (at offline Point of Sales terminals) or make transactions online.

How do I start using my card?

Once you register the card, your Line of Credit will be activated. You can load funds up to the credit limit on the Card, as and when you please! As you keep paying your EMIs, the principal amount gets added back to your Line of Credit, thereby empowering you to load and use more money.

I want to change the registered number on my card. What should I do?

Please drop a message by clicking on Contact Us. You can also reach us be clicking on “Help” on the app menu. One of our friendly executives will get in touch with you. Although you cannot change your registered number if your EMI is overdue.

How do I see my balance and transaction history?

You can view your available balance and transaction history anytime on the StashFin Mobile App or website once you login using your email ID/ mobile number and password. You can also login using an OTP that we send to your registered phone number. You can download the App from the Google Play Store or Apple Store.

What is the maximum amount I can load on the Card?
p The standing balance on StashFin Card cannot exceed INR 50,000. In case you load more than INR 50,000, INR 50,000 will get transferred on the Card. The additional funds shall be transferred automatically on the Card as soon as you spend money from it.
What should I do if my Card is lost or stolen?

Please block the Card immediately by calling on 011-47848400, mail [email protected] if you seek further assistance.

What do you mean by credit line? What is meant by draw-down?

To use a simple analogy, think of your approved credit line as a big water tank from which you can draw-down funds just like you draw water from a tap as and when you need. Think of the StashFin App and web based platform as a tap in this case from which you can draw-down only the funds you immediately need, thereby saving on interest costs you would otherwise have to pay on the entire credit line. Obviously, funds once drawn-down would be reduced from your overall approved credit line.

Will each and every purchase I make using the card be converted to an EMI?

No. Only the funds you draw-down at one time are converted to an EMI, the amount and tenure are of your choosing. You may draw as little as ₹500 at one time and convert it to an EMI with a tenure ranging from 3 months to 36 months. These drawn-down funds constitute the balance on your card that you may use to make transactions.

For example, let us say you have an approved credit limit of ₹50,000 on your card and you make a draw-down request for ₹5000 on the App. Now, ₹5,000 will be instantly loaded on your card which you utilise in the following way:

  • ₹2,000 at a restaurant for dinner
  • ₹500 for a mobile recharge online
  • ₹1,500 for a purchase at an online merchant

Now, you need to make an electricity bill payment for ₹1,500, but since you’ve already used ₹4,000 (₹2000 + ₹500 + ₹1500) out of the ₹5,000 drawn-down and have only ₹1,000 left, you will need to make an additional draw-down request subject to a minimum amount of ₹500 and a maximum amount of ₹45,000 (the remaining limit on your credit line) in order to make the electricity bill payment using your card.

I have loaded Rs. 20,000 on my card but I have used only Rs.10,000 till now. What amount will get converted into EMI?

The entire amount that you load onto the Card gets converted into EMIs. In this case Rs. 20,000 that you loaded on to the card will get converted into EMIs.

On the App it is showing that my available line of credit is Rs. 50,000 and I have just loaded/ drawn down Rs. 30,000 till now. When I try to load more money on my card, I am getting error 024. What does that mean?

If you are getting an “Error 024” message, it means that your loan obligations have increased or your credit profile has undergone a material change since the time your credit limit was approved. You can try to load more money on the card after 3 months.

What is Corporate Partnership?

As part of our Corporate Partnership Program, if your company is empaneled with us, we may offer 10,000 PAYBACK Points to new customers. To become eligible for the offer, you will have to draw down/ load atleast Rs. 30,000 on your StashFin Card within 3 months of Card registration.

When will I be able to redeem the Points?

The points will become available within 45 days of the 3rd EMI provided all the EMIs have been paid on or before the EMI due date. The account should be in good standing with us. It should not be overdue and there should be no delayed payments.

I have loaded my Card with money but I haven’t yet used it. Do I still need to pay interest?

The amount that is loaded on the card gets converted into EMIs. We cannot access the funds on your card. Hence once you draw down money on your Card, you start paying interest on it.

What is StashFin Elev8?

StashFin Elev8 is a mobile application based online platform which makes it easier for anyone to borrow cash in a fast and convenient manner. StashFin Elev8 offers a series of small ticket size loans. As the customer pays the loans on time, the customer can improve his/ her Credit/ Bureau profile and can become eligible for larger loans from StashFin. StashFin Elev8 customers will also be offered a premium StashFin Credit Line Card once they climb up the Elev8 ladder.

How does StashFin Elev8 work?

Getting cash from StashFin Elev8 is a very simple process. Here is all you need to do:

  • Download the StashFin App from Google Play Store.
  • Apply for the loan that you are eligible for.
  • Provide basic details as per your Aadhaar Card.
  • Confirm Account Number and IFSC Code.
  • Upload Documents (PAN Card, Aadhaar Card, and Banking proof)
  • Scan your Aadhaar Card
  • Transfer Re. 1 to StashFin using your Debit card (Amount will be instantly transferred back to your account).
  • Upon successful approval, cash will be transferred into your Bank Account. Make timely payments and keep using StashFin Elev8 to unlock higher limits and better offers over time.
How do you decide my eligibility and the loan limit?

Your eligibility and loan limit are decided on the basis of “StashFin Elev8 Score”. StashFin Elev8 Score is an internal measure of a borrower’s credibility and his/ her likelihood of paying back the loan on time. The score takes into account various information about the borrower such as financial profile, social networks and behaviour data.

The score is dynamic and keeps evolving as we obtain greater data on the user. Therefore, good behaviour and timely loan repayments will help a user increase his score and get better loan terms over time.

I need a bigger loan, what should I do?

The loan limits are generated automatically based on your StashFin Elev8 Score. With regular use of Elev8 and by making timely repayments of your loans, you can increase your StashFin Elev8 Score which will help to unlock larger loans with lower rates and fees over time.

I don’t need this small loan, why should I still keep your App?

The loan limits are generated automatically based on your StashFin Elev8 Score, which might not be sufficient for a higher limit at this point. However if you pay your existing loan on time, you could become eligible for a higher amount after the Due Date of your existing loan.

What documents are needed for registration?

The documents required for registration are:

  • Aadhaar Card (Front)
  • Aadhaar Card (Back)
  • PAN Card
  • Banking Proof (Bank Cheque / First Page of Passbook / Bank Statement)
How much time will it take to get the cash?

Once your loan is disbursed, the money will reach your Bank Account within 1 working day.

Why do I need to pay Re. 1 before I get the loan?

For a first time borrower, we want to make sure that we transfer the money to the right account. This also helps to confirm that the customer will not face any unnecessary issues while repaying loans. Therefore, we ask the customer to transfer Re. 1 using debit card. This amount is instantly refunded back to the customer.

How much fees do I have to pay on the loan?

The fees charged from the borrowers is the sum total of processing fees and interest charges. We charge a flat processing fee of Rs. 25 to Elev8 customers for loan amounts over Rs. 2000. The interest rate varies according to the loan amount. As a customer repays his loans on time, he may be offered repeat loans at lower interest rates. The borrowers are notified of the exact charges at the time of loan application.

How can I repay my loan?

You can repay your loan on the StashFin App by following these simple steps:

  • Click on ‘Pay Now’ button on the Dashboard screen of your App.
  • Use your Debit Card, Net Banking, UPI or wallets to pay entire amount.

Alternatively, you can pay on the StashFin website by visiting https://www.stashfin.com/login and logging into your account. Click on “Pay Now” button on left hand panel. You can make the payment before the Due Date without any prepayment penalties.

What if I pre-pay my loan?

You could make a prepayment without any penalties. An early loan payment would not reduce the fees as notified at the time of application. However, early payment is regarded as good behaviour, and could help improve your StashFin Elev8 Score and get a higher limits and better loan terms over time.

What if I fail to pay on the Due Date?

Any delays in the payments will incur penalties and could also deteriorate your StashFin Elev8 Score. The penalty starts as low as Rs. 15 per day and increases upto Rs. 25 per day, depending on your loan amount and time period since the amount is overdue.

What if I do not pay?

In the unfortunate event that you default, StashFin could report the defaulter data to credit bureaus. This could make it difficult to get loans from banks/ NBFCs at good terms in the future.

What is PAYBACK?

PAYBACK is a multi-brand loyalty program that lets you earn and redeem points on every shopping. With a wide range of in-store and online partners, you can earn points on groceries, fuel, entertainment, travel, apparel and more. Members can stack up points and redeem these points for free shopping.

Members earn PAYBACK Points by swiping the PAYBACK Card or by quoting the Linked Mobile Number at the time of check-out at our participating partners.

Points earned can be redeemed for a host of reward options from the PAYBACK Infinity Rewards e-Catalogue or for free shopping across multiple in-store and online partner brands.

What are the benefits of PAYBACK?

PAYBACK Membership comes at no cost and offers a host of benefits to StashFin customers. Members earn and redeem PAYBACK Points at over 100+ in-store and offline partner brands. Points can be earned by booking movie tickets, fuelling up vehicle, for shopping at a variety of online shopping websites, buying groceries, publishing reviews, shopping for apparel, and a lot more. Earned points can further be redeemed for rewards at the PAYBACK Infinity Rewards e-Catalogue or for refuelling the vehicle, booking travel and a lot more. For more details, visit www.payback.in

PAYBACK Points earned by a member at partner brands gets accumulated under the same membership account thus ensuring the member accumulates points at a faster pace. To link all your card accounts, please call the Contact Centre.

What is the eligibility criterion to become a PAYBACK Member?

One should be above the age of 18 years and be a resident of India. For a complete list of PAYBACK Terms & Conditions, please refer to the PAYBACK site www.payback.in. We advise you to read the same and seek for clarifications that you may desire to have.

One should be a resident of India.

How do I obtain my PAYBACK Number?

If you are already not a PAYBACK member, you will receive your PAYBACK number at the time of enrolment. You can view your PAYBACK number after logging into your account on StashFin app or website. Your mobile number can be used at all PAYBACK Partner merchants to earn and redeem PAYBACK Points. In case of any queries, you may call-up the PAYBACK Contact Centre.

How do I earn PAYBACK Points?

Earning PAYBACK Points is easy. You can use your StashFin card account to earn points for your spends. You can also multiply your PAYBACK Points by earning points from the different PAYBACK partner brands through one single transaction. For example, if you book your travel through Goomo and pay using your StashFin Card, you are eligible to earn points from both the partners on the same transaction; given partners are part of the PAYBACK Loyalty Program.

How can I keep a track of my PAYBACK Points?

You can check your PAYBACK Points earned through StashFin on StashFin website and app by logging into your StashFin account. Alternately, you can also manage your PAYBACK Points by registering on PAYBACK website or by calling PAYBACK Contact Centre or by sending SMS PBBAL < space> < last four digits of your PAYBACK Card Number> to 9212146468 from your registered mobile number.

(National SMS charges apply)

How do I login to my new PAYBACK account?

Visit www.payback.in and enter your 16 digit PAYBACK Number or Linked Mobile Number to activate your account online. To view your point balance or update your profile or to redeem PAYBACK Points, you need to enter your 4-digit PIN.

PIN is a 4 digit numeric value providing access to your PAYBACK Account. In case you do not have a PIN or have forgotten your PIN, click the ‘Forgot PIN’ link and you will be sent a PIN on your Linked Mobile Number and registered email id.

If you are unable to get the PIN through the above option, please contact PAYBACK Contact Center (1860-258-5000).

When are the Points credited to my PAYBACK account?

Your PAYBACK Points earned on your StashFin Card are credited to the PAYBACK account within 10 days from EMI due date. Points are earned and available for redemption only if EMI is paid on or before the due date.

What product of StashFin is PAYBACK available on?

PAYBACK points are only available on StashFin Credit Line Card. If you have a personal loan or apply for a personal loan with StashFin, you are not eligible for the reward points.

How many PAYBACK Points can I earn by using StashFin Card?

You can earn 2 PAYBACK Points for every Rs. 100 spent on Point of Sales system online or offline. New customers can also become eligible for 10,000 PAYBACK Points, worth Rs 2,500, once they register the Card and load at least Rs. 30,000 within 3 months from the date of registration. The offer of 10,000 Points is available to customers coming through PAYBACK referral code or corporate sales channel. This offer is for limited time only and is subject to Terms and Conditions of the offer

When will the PAYBACK Points earned through StashFin become available for redemption?

PAYBACK Points earned on POS transactions through StashFin are earned and available for use on pro-rata basis when EMI is paid on or before the EMI due date. It may take upto 10 days from the EMI due date for the points to become available. The 10,000 PAYBACK Points being offered will become available in lump-sum within 45 days of the 3rd EMI Payment.

For example: You are a new customer and you have registered your StashFin Card and loaded Rs. 30,000 in Month 1 with a tenure of 3 months. You have also become eligible for 400 PAYBACK Points through POS transactions in the 1st month. For simplicity we have not taken interest into account in the repayment schedule given below:

Months EMI Payments New Registration offer POS Points
Month 1   Get Rs. 30,000
Become Eligible for 10,000 Points
Do POS transactions of 20,000.
Become eligible for 400 Points
Month 2 Pay EMI of Rs. 10,000 Redeem (10,000/30,000)*400 Points= 133
Month 3 Pay EMI of Rs. 10,000 Redeem (10,000/30,000)*400 Points= 133
Month 4 Pay EMI of Rs. 10,000 Redeem 10,000 Points Redeem (10,000/30,000)*400 Points= 133

Please note that if you do not pay an EMI on/ before the due date, all outstanding future points that you have become eligible for will get cancelled. The past points that you have earned by paying past EMIs on time will remain with you. In the above example, if you didn’t pay the second EMI (Month 3) on/ before the due date, the points that would have become available to you after paying 2nd and 3rd EMIs on time (133+134+10,000= 10,267) would get cancelled. Although 133 points that you earned by paying the 1st EMI on time would remain with you.

What is the transaction cut-off date?

The transaction cut-off date is 7 days prior to the EMI due date. For example, let’s assume that your EMI due date is 12th December, 2018. On successful payment of your EMI on or before 12th December, you will be able to redeem the Points that you have become eligible for till 12 am on 5th December 2018 on pro rata basis. If you make Point of Sale transactions between 6th and 12th December (both days inclusive), these Points will become available on pro rata basis on the next EMI due date ie. 12th January. But if 12th December is your last EMI due date and you make a POS transaction between the above mentioned dates before paying your EMI and closing your loan, the Points accrued will be made available for redemption after 30 days.

How can I redeem my PAYBACK Points?
  • All you need to do is identify the product and then you can either redeem your PAYBACK Points by registering on the PAYBACK website or by calling the PAYBACK Contact Center (1860-258-5000).
  • Redemption at partner brands in your city: You can redeem your PAYBACK Points to make payments at Big Bazaar, Central, Brand Factory, Ezone, Home Town and many more partners in your city.
  • Redemption at online partners: You can redeem your PAYBACK Points to make payments at BookMyShow, Cox & Kings, Mobikwik and many PAYBACK Partner others.
Where are these PAYBACK Points collected?

The PAYBACK Points earned from different sources get collected in your personal PAYBACK account. If you do not know your PAYBACK number, please contact the PAYBACK Contact Center.

Is there a limit on earning points in Payback Programme?

There is no limit on the number of PAYBACK Points you can earn. Just ensure to use your StashFin Card every time you shop.

What are the reward redemption options under the PAYBACK programme?

You can choose rewards from the PAYBACK rewards catalogue for a wide variety of categories and products. Each reward requires a certain number of points available to redeem it. You can choose the reward corresponding to the points in your account to place the redemption order. Please refer to PAYBACK terms and condition https://www.payback.in/home/terms-and-conditions.html

What should I do if my PAYBACK Points are not credited?

Please write to PAYBACK through the 'Contact Us' page at the PAYBACK website or you may call the PAYBACK Contact Center (1860-258-5000) to register your request. Your query will be addressed within 15 working days.

What happens to my PAYBACK account if I foreclose StashFin Credit Line?

You are required to pay 3 EMIs for the loan you avail from StashFin. If you foreclose, you will be able to earn and redeem points for the EMIs paid. For instance you have a 24 month loan and you repay the loan in 3 months. Your points available for redemption earned on POS transactions will be 3/24 * points you are eligible for. The balance PAYBACK Points that you were eligible for will get cancelled. Your PAYBACK account however continues and you can earn points for your spends at PAYBACK partner brands.

When will my PAYBACK Points expire?

PAYBACK Points will expire in 3 years from the date of issuance.

What should I do if I face any difficulty in redeeming my points through the PAYBACK in-store redemption or PAYBACK online redemption option?

Please contact the Payback Customer Care on 1860-2585-000 from 10:00 a.m. to 09:00 p.m. from your registered mobile number and quote the Payback Card number.

What if in case I receive a wrong or damaged product?

PAYBACK commits to always delivering the right product. In the unlikely event that this happens, please call the PAYBACK Contact Center (1860-258-5000) within 7 days from the receipt of the product and PAYBACK will ship the right product to your mailing address. Please refer to PAYBACK terms and condition https://www.payback.in/home/terms-and-conditions.html

Can I request the product to be shipped to an alternate mailing address?

You can login to the PAYBACK website www.payback.in or call the PAYBACK Contact Center (1860-258-5000) to update your mailing address. You can place a redemption order once your profile has been updated. Please refer to PAYBACK terms and condition https://www.payback.in/home/terms-and-conditions.html

How long will it take to receive the product after placing the redemption in PAYBACK Programme?

PAYBACK endeavours to ensure that the products ordered reach your registered mailing address within 10 working days, unless the delay is due to conditions beyond our control or unless otherwise specified. https://www.payback.in/home/terms-and-conditions.html

What is the PAYBACK Contact Center number and working hours?

The PAYBACK Contact Center number is: 1860-258-5000 (call rates apply as per your tariff plan). It is open from 10:00 a.m. to 9:00 p.m., all days of the week. Please refer to PAYBACK terms and condition https://www.payback.in/home/terms-and-conditions.html

Whom should I reach out to for other questions?

For queries related to points earned through StashFin you can mail us on [email protected] For anything related to PAYBACK please reach PAYBACK Contact Center at 1860-258-5000. Please refer to PAYBACK terms and condition https://www.payback.in/home/terms-and-conditions.html

What is the StashFin Virtual Card?

The StashFin Virtual Card is an add-on card issued on your primary StashFin card. It does not have any plastic existence. All relevant details, i.e., the Card Number, the Expiry Date and the CVV number are visible online on the StashFin App. The virtual credit card enables you to transact online using funds from your approved credit limit.

What is the difference between the StashFin Physical Card and the StashFin Virtual Card?

The only difference between the StashFin physical card and virtual card is that the Virtual Card can only be used online as it does not have any plastic existence. Everything else remains the same for both the cards.

How can I get a StashFin Virtual Card?

Once your Line of Credit is approved and all pending steps and documentation are complete, you will be able to activate your Virtual Card using the StashFin App.

If I am only offered the Virtual Card, will I get a physical card as well along with the Virtual Card?

The Virtual Card has no physical existence. It can be used through the StashFin App only. No physical card will be delivered to you unless you are offered a physical card on the StashFin App.

Do I have to repay only the amount I have spent through my Virtual Card?

The entire loan amount received on the Virtual Card has to be paid back irrespective of the amount that you have spent using the Card. You can choose to pay the amount either in a single payment or in multiple installments.

Till when can I use the funds on my Virtual Card?

The funds are available for use on the Virtual Card till the card's expiry date. The expiry date of the Virtual Card is visible on the StashFin App.

Is it safer than the credit and debit cards I carry in my wallet?

The key details of the StashFin Virtual Card like the Card Number, Expiry Date, etc. are visible online on the StashFin App. You can use these details to transact online and never be worried about losing your card or having to carry it 'safely' in your wallet.

How do I use the virtual card?

As soon as your Line of Credit is approved by StashFin, you will be able to access your Virtual Card using the StashFin App. To activate your Virtual Card you will need to enter your 16 digit Virtual Card number on the App and submit the OTP which you will receive on your registered mobile number. You can then use your Virtual Card details to transact online. You don't have to wait for the physical StashFin card to reach you to be able to start accessing your funds.

Where all can I use the virtual card?

Virtual Card can only be used for online transactions. It can be used on e-commerce platforms such as Amazon and Flipkart. It can be used to order food online on Zomato, Swiggy and other such online food platforms. It can also be used to book movie tickets on BookMyShow. Amongst the Mobile Wallets, it can only be used on Mobikwik. The Virtual Card cannot be used to add money on Paytm and cannot be used at ATMs or any POS Machine.

What limit do I get for the virtual card? Is it different to the limit on my physical card?

There is no separate limit which is approved for the StashFin Virtual Card. There is only one limit which is approved by StashFin and you can access your funds using the virtual card and/or the physical card.

How do I make payments for my Virtual Card transactions?

Your virtual card transactions will get converted into EMIs. You can view your EMI details on the StashFin App.

Can I block my Virtual Card?

You have the option to lock and block your Virtual card. You can lock and unlock your Virtual card on the App. By locking the card, you will not be able to use the Virtual Card credentials for any online transactions, until you unlock the card. You also have the option to permanently block your Virtual Card via the StashFin Helpline number (011-47848400), but please note that it may take upto 3 working days to unblock your card.

Is there any kind of fee levied at any time for issuing/holding a Virtual Card?

No. Currently the virtual card is free of cost.

Rate and Terms

Our loans range from ₹500 to ₹5,00,000 with repayment periods starting from 3 months to 36 months. We offer interest rates ranging from 11.99% - 59.99% APR (Annual Percentage Rate), however rates may vary case to case. All loans are paid through Equal Monthly Installments (EMIs) via electronic payment. We do charge low processing fees and have no other hidden costs.

Example: If a customer takes a loan of ₹10,000 for a period of 3 months, at annual interest rate of 11.99% APR, then the customer will pay an EMI for 3 months of ₹3,400 per month. Total payment over 3 months will be ₹10,200 (including principal and Interest).

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