TrueCash - Quick Loan App provides online loans with personal loan interest rate from other Bank Loans.
- Loan amount: From ₹1,000 to ₹500,000
- Interest rates: From 0% to 29.00% per annum
- Tenure: 90 days to 12 months
What is TrueCash - Quick Loan App?
TrueCash - Quick Loan App is a fast, secure, reliable and free Android mobile banking app. We make getting a personal cash loan easy and fast. Download the app, answer a few questions and get instant cash loans approved in under 5 minutes.
A representative example of the total cost of the loan Amount:
+ Amount Borrowed (Principal) = ₹14,999/-
+ Interest Rate (APR) = 36% (on Reducing Principal Balance interest calculation)
+ Tenure = 6 months
+ Processing Fee (incl. GST) = ₹826
+ Amount disbursed = ₹14,173
+ Your EMI amount = ₹2769 (based on PMT method, sample monthly payment)
+ Interest amount = ₹2769 x 6 - ₹14999 = ₹1614(sample interest calculation)
+ Total Cost of Loan = Processing Fee + Interest Amount + Late Fee = ₹826 + ₹1614= ₹2440
+ Principal repayment amount = ₹14,999/- (same as amount borrowed)
+ Total repayment amount = Principal repayment amount + Interest Amount + Fee = ₹14,999 + ₹1614 + ₹0 = ₹16,613
Loan Amount: ₹5,000 to ₹1,00,000
+ Minimum Annual Percentage Rate (APR): 24%, Maximum Annual Percentage Rate: 36% (reducing balance)
+ Minimum repayment period: 91 days, Maximum repayment period: 24 months
+ Processing Fees: Max (₹350 + GST, Up to 2%-7% of the loan amount plus GST)
+ Prepayment Fees: 2.50% prepayment amount
+ Your bank may also levy charges in case of a bounce.
Online loan for Salaried example:
+ Loan amount: ₹50,000
+ Tenure: 12 months
+ Interest Rate: 20% per annum
+ Processing Fee: ₹1,250 (2.5%)
+ New customer onboarding Fee: ₹200
+ GST on Processing and Onboarding Fees: ₹261
+ Total Interest: ₹5,581
+ EMI: ₹4,632
+ APR: 23.2%
+ Loan amount is ₹50,000. Disbursed amount is ₹48,289. Total loan repayment amount is ₹55,581.
Why TrueCash - Quick Loan App?
- Instant loan approval: Personal Loan are approved within 15 minutes from registration to direct bank transfer.
- Transparency with customers: Loans Near Me from RBI certified NBFCs/Banks are made available to our customers.
- Shopping EMIs: Avail online purchase EMI loans for categories like fashion, electronics, travel, furniture & more.
Eligibility :
1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income
Additional information :
Customer Service Email : info@jbpvtltd.com
Customer Service Hotline : 1001-220-0050(Monday- Sunday, 8 a.m. to 11 p.m.)
Address: Building-3, Pole No-H, G/F, Near Public Bank, Kapashera, New Delhi-110037
TrueCash - Quick 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. All transaction information between you and us is protected by encryption. All information and data are transmitted through a secure connection. Without your consent, we will not share your information with any third party.
Disclaimer :
The TrueCash - Quick Loan App is not an official app, it is just a guide app that gives the information about how to get instant personal loan And this app does not have any relation to any bank. Your data is transferred over a secure HTTPS connection and we do not share it with anyone without your consent. All the transactions are secured via 256-bit SSL encryption.
