True Cash : Low Interest Personal Loan App
Product Information:
1. Loans range: ₹1,000 to ₹20,000;
2. Interest Rate: 0.07% per day
3. The highest annual interest rate (APR) is 31.88% per year;
4. Competitive service fees start from 0.45%, for one-time charge, which depends on the loan amount and the application details;
5. Tenure from 92 - 120 days.
Example:
If loan amount is ₹20,000 with a tenure of 120 days with an interest of 0.07% days, then the total repayment for 4 months is ₹21680 = ₹20,000 (principal amount) + ₹1680 (interest fee). And the interest fee formula is ₹20,000x0.07%x120= ₹1680. For these 4 months, the average payment per month is ₹5,420 = ₹21680/4.
Features
1. No credit history required
2. Fast approval
3. Immediate bank transfer
4. Low interest personal loan
5. Variety of convenient repayment options
Eligibility
1. Indian Resident
2. 18-56 years old
3. Source of a monthly income
How it works?
1. Install the True Cash : Low Interest Personal Loan App from the Play Store.
2. Register an account.
3. Fill out the contents, then submit the application.
4. After the submission, you has been received a call for verification. The final application result will be shown in the APP and you will be informed by SMS if approved.
5. Provide the consent with the loans agreement after the approval
6. After the confirmation of the loan agreement, the approved loan amount will be disbursed in the account and a SMS notification will be sent.
7. Check if loans money has been deposited.
Security:
All the transactions are secured via 256-bit SSL encryption. All data has been always transferred over secured connections. True Cash : Low Interest Personal Loan App do not share your data to any third parties.