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ID: com.app.cashloan

  • Author:

  • Version:

    1.0.6

  • Update on:

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The description of Cash Loan - Instant Loan


About this app

Instant personal loan up to 2 Lakh for 65 days to 24 month at 0-2.49 per month

Loans range from 1000 to 200000
Tenure 65 days to 24 months ,interest rates range from 0%-29.95% depending on risk profile of customer and product availed
Example :if loan amount is 50000 and interest is 22% per annum with tenure of 12 moth and 24 month per annum with tenure of 65 days ; after deducting any other fees
Interest =50000×22%/365×65=1860

Cash loan is an interest personal loan app & credit platform for young professional across India,where one can apply for
Personal Loan Online & avail up to
2 Lakh as direct cash Transfer to bank account


Loan Types


Flexi Personal Loan - A flexible loan option where you can avail loans within 10 minutes of app install as direct bank transfer all you need is your PAN card ,ID & ADDRESS proof ,and can avail from 1000 to 50000 tenure 65 day to 24 month .


Personal loan for salaried -A personal loan option where you can avail amounts from 10000 to 2 Lakh as direct bank transfer for a tenure ranging from 65 day to 24 months.All you need is your PAN card ID Address proof and salary proof


Online purchase loan - A loan option where you can Buy anything Now ,pay later in EMIs.



Features

1. 100% online process
2. Minimal documentation
3. Fast approval
4. Immediate bank transfer



Benefits & Risks

1. Get access to higher amounts & tenures as you repay on time
2. As compliance requirement you payment behavior is shared with credit rating agencies based on that your credit score may increase / decrease



Eligibility

1 . Indian resident
2. Above the age of 21 years
3. Should have monthly source of income



How to get started

1. Install Cash loan App
2. Register through your mobile number
3. Fill your basic details to check forest level eligibility
4. Upload KYC documents -ID ,Address Proof & PAN card
5. Avail loan as bank transfer



Amount ,Tenure , Fees & Charges

Loans amount :1000 to 200000, Tenure : 65 days to 24 months. Cash loan charges one-time service fee while on boarding or during upgrade membership band availed by customer.
Interest rates range from 0%-2.49% only.A small processing fee is charged for loans e.g for low risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of customer .

Penalty is charged only when someone delays their scheduled payment.

The APR for different product is separate as per the risk profile of the customer. The APR for different personal loan products: low risk customers is 0%-36% , medium risk customers is 18%-39% high risk customer is 24%-42%* and very high risk customer is 24%-70%*.

In addition to it ,GST will be applicable only on the fee components as per Indian laws.

*The higher charges are only for loans of lower amount and lower repayment tenure



Example

A new low risk customer availing personal loan for salaried can avail a loan of 50,000 at an interest rate of 22% processing free of 1,250 for a period of 12 months and on boarding fees of 282. This would translate to APR 25.2%



Interest calculation

If loan amount is 50,000 & interest 22% per annum; and loan is to be repaid over 12 EMIs, then overall interest payable is 6,157 only.The EMI per month would be 4,680



Contact us

1. [email protected]



Address

Kalavad road ,3rd floor, no 355 ,u.s puzza complex ,near k.k.v hall ,Rajkot ,360004
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  • Category

    Finance
  • Requirements:

    Android 5.0+

Cash Loan - Instant Loan 1.0.6 APK for Android 5.0+

Version 1.0.6 for Android 5.0+
Update on 2020-09-04
Installs 10.000++
File size 4.703.587 bytes
Permissions view permissions
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