Cash Loan: Bad Credit Loans description

Cash Loan: Bad Credit Loans is app an online loan platform that provides all kinds of well-selected loan products, aiming at meeting different people's needs. Cash Loan Instant is an online loan application and credit platform for professionals, where you can apply for a loan online. Once you fill details, we forward details to lending partner so they will call and get help you to provide loan easily.

Features:

- Best loan app for emergency funds with no collateral required.
- Fund safety, protected by advanced server.
- This app has made the personal loan application and disbursement process more easier and convenient.
- Loan transfer via bank.

Loan characteristics:

- Loan amount from minimum 10,000 to maximum 50,000
- Minimum Annual Percentage Rate (APR): 12%, Maximum Annual Percentage Rate: 29% (reducing balance)
- Minimum repayment period: 91 days, Maximum repayment period: 24 months
- Processing Fees: Max ($350, Up to 1%-7% of the loan amount)
- Prepayment Fees: 2.50% prepayment amount
- Your bank may also levy charges in case of a bounce.

Example of Cost of Loans

- Amount Borrowed (Principal) = $20000/-
- Interest Rate = 3% monthly Simple Interest
- Tenure = 6 months
- Processing Fee = $600
- Amount disbursed = $20000
- Your EMI amount = $3692
- Interest amount = $2152
- Total Cost of Loan = $600+$2152 = $2752
- APR = (2752/20000)*12/6 = 27%

A representative example of the total cost of the Loan Amount, including all applicable fees:
-️ Loan Amount: $50,000
- Tenure: 12 months
-️ Interest Rate: 22% (on reducing principal balance interest calculation)
-️ EMI: $4,680
-️ Total Interest Payable: $4,680 x 12 months - $50,000 Principal = $6,160
- Processing Fees: $1,475
- Disbursed Amount: $50,000 - $1,475 = $48,525
-️ Total Amount Payable: $4,680 x 12 months = $56,160
- Total Cost of the Loan = Interest Amount + Processing Fees = $6,160 + $1,475 = $7,635.

Data Security via Secure Loan Application
Your data is safe with us. All the transactions are secured via a 128-bit SSL encryption. Data is transferred over secured connections.

Eligibility:
1. Valid Citizenship
2. Should have monthly source of income

Easy-to-Apply Process:

- Download the App
- Provide basic details & check your eligibility in 2 mins!
- Choose your loan amount & repayment tenure
- Our Representative will call you verify your income and ask for bank details, if all goods.
- Get the money transferred directly to your Bank A/c in a few hours!

Additional information :

For help or any other details about our loans
Customer Service Email: [email protected]