Magicbricks to facilitate short-term loans for tenants

Chennai: Digital lending platform CASHe has partnered with online property marketplace Magicbricks to facilitate short-term loans for tenants.

CASHe mainly caters to the young salaried class or the millennials for their funding needs. The tie-up will enable tenants to avail short-term loans to finance their rental security deposits for renting a flat, it said.

The facility will be available on Magicbricks platform for rental residential in six cities – Chennai, Bengaluru, Pune, Mumbai, Delhi and Hyderabad, with further expansion planned for other cities.

NT Bureau