Why Speed Cash - Instant Cash Loan?
✅ No credit history required
✅ Paperless and digital process on your mobile
✅ 100% digital process
✅ Get 24*7 access to loan anytime, anywhere
✅ Effective Review of the Application
✅ Once approved, transfer funds to your associated account.
✅ As the credit score grows, the sanctioned amount gradually increases
✅ Sometimes select the random users

Loan application procedure for first time borrowers:
1.Download Speed Cash Loans application.
2.Register a personal account in the app.
3.Choose your loan amount and loan term.
4.Fill in personal info.
5.Loan review and cash disbursement.

Loan information:
Amount from ₹2,000 to ₹20,000.
Duration from 100days to 180days.
Interest rate: The APR from 10% to 33% per annum.
Maximum Annual Percentage Rate (APR)：33%
No other hidden costs.

Eligibility:
1. A resident of India
2. Ages 18 to 56
3. A source of regular revenue

Example of repayment of principal and interest at maturity:
If you take a loan with a limit of ₹10,000, an annual interest rate of 20%, and a period of 120 days:
Daily Interest = ₹10,000 x 20% / 365days = ₹5.48
Total Interest: ₹10,000 x 20% / 365days x 120days = ₹657.5
Daily Repayment: ₹10,000 / 120days + ₹5.48 = ₹88.8
Total Repayment: ₹10657.5

Example of monthly repayment:
If you take the same loan of above example, and your repayment begin from January, your monthly repayment detail is as follows:
January: 31days * ₹88.8 = ‭₹2752.8‬
February: 28days * ₹88.8 = ‭₹2486.4‬
March: 31days * ₹88.8 = ‭₹2752.8‬
May -> Repay all the remaining principal and interest: ₹10657.5 - ₹2752.8‬‬ - ₹2486.4‬ - ₹2752.8‬ = ₹‭2,665.5‬

NOTE:Not all applications for loans via our app will be approved; in certain cases, we may choose applicants at random from among those who have applied but have not met our basic requirements or who have applied among a high number of applicants (sorry for this one).

Speed Cash - Instant Cash Loan app is a platform facilitating the loan transactions between the borrowers and the NBFCs/Banks. All loan applications are approved and sanctioned by NBFCs/Banks registered with RBI and communicated upfront during Loan application.

Loans are given out by our RBI registered NBFC, JD Developer Financial Services Private Limited. We are legally compliant and well regulated.
Safety & Security:
The Speed Cash app respects the privacy and confidentiality of its users who have given us access to their personal data. The security of the data and preventing the misuse of client information are our top priorities.
Speed Cash Loan collects personal information from its customers, including first name, last name, email address, date of birth, residence city and mobile number etc.
Speed Cash Loan can also pull data from public shared profiles on your social media platforms or from third sources. Our server keeps the information that has been gathered.
Any information you submit is protected by industry-standard SSL encryption.

Disclosure and Sharing:
Speed Cash - Instant Cash Loan does not sell/rent or disclose your information with anyone as described in this policy.