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Cash Loan App - Instant Personal Loan App

Pick a personal loan that fits your budget, and see your progress with the same every month. In matters of loa...

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Pick a personal loan that fits your budget, and see your progress with the same every month. In matters of loans, one size doesn’t fit all. We offer the freedom to you to pick a loan that fits your budget, such that you are always in control of your finances.

Product introduction:

Loan Amount: from ₹ 2,000 to 50,000.
Tenure: 61+ days (minimum period, including renewal period), upto 182 days (maximum period, including renewal period)
Maximum Annual Interest Rate: 0.095% per day. The maximum interest rate is 34.7% per annum.
Processing Fee: Upto 16% of Loan Amount (additional 18% GST to be paid)
Example: For ₹5,000 loan of 91 days duration, with interest rate is 0.095% per day, after deducting the processing fee, the interest payable will be as follows:
Interest Payable = ₹ 5,000*34.7%/365*91 = ₹432.25
Maximum Annual Percentage Rate(APR): 32%

Monthly Payment: For ₹5,000 loan of 30 days duration, with interest rate is 0.095% per day, after deducting the processing fee, the interest payable will be as follows:
Monthly Payable Amount= ₹ 5,000*34.7%/365*30 = ₹142.60
Total Cost of Loan = Processing Fee + Interest Amount = ₹531+₹142= ₹5673

We help you lend a fast, flexible, and an unsecured personal loan through our strategically designed mobile application. 

Last update

Feb. 21, 2021

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