Lite Cash - Instant Loan Apps is an Instant Personal Cash Loan app where one can avail EMI without a credit card for online purchases of your favorite products and also a revolving line of credit Fast Cash loan at a low-interest rate with zero collateral. All loan products approved by Microfinance Banking Business are registered with CBN and communicated to users during online loan application.
NBFC Partner: ISHA-SECURITIES-LIMITED
[Loan Product]
Loans amount: ₹2,500 to ₹100,000
Loans tenure: 4 months to 6 months.
Loans interest rate: is 12% to 24%, the Equivalent Monthly interest is 2%, and the Annual Percentage Rate (APR) is 24%
Origination Fee: No
Transaction Fee: No
Rollover Charge: No
Example:
If you borrow ₹80,000, the monthly interest rate of 2% with a 6-month loan, the APR is 24%.
The interest and total amount calculation:
Loan amount: ₹80,000
Interest: ₹9,600=Loan principal×Monthly interest rate×Months=(80,000×2%×6)
Handling fee: 0 =Loan principal×Fees rate=(80,000×0)
(total repayment amount):₹89,600=Loan principal+Interest+Fee
=(80,000+9,600+0)
Monthly repayment = total repayment/loan months
Monthly repayment =₹89,600/6=₹14,933
[How we are different]
1. Lite Cash - Instant Loan Apps offer flexible loan products
2. Only three steps to Your loan:
- Submit Info
- Get Approval
- Disbursement to your bank account
3. Repay your loans in time or complete Increase Limit tasks to build your credit limit and reduce the interest rate.
[Data Security]
Your data are secured. All data are transferred over secured connections. Lite Cash - Instant Loan Apps promise that never share customer information with anyone without consent.
[Eligibility]
local resident
age:18+
[Contact Us]
Service email:
[email protected]
If you need any further information and help please don't hesitate to contact us by service email.