| Interest Rate | 40% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | AirCash |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | A/31, Silver ApartmentGhanekar Marg, DadarMumbai, Maharashtra, India 400028 |
| Category | Dangerous Loan |
| Company Email | aircashnow@gmail.com |
| Views | 132 |
Air Cash is committed to providing a safe, reliable, and easy-to-use platform for your financial needs in India. With our advanced technology, you’ll enjoy the convenience of managing your finances from anywhere at any time.
Reliable Online Loans, Available 24/7
Our 24/7 online loan services are designed to meet your financial needs with flexibility. Through a streamlined digital process, Air Cash offers Indian mobile internet users an accessible and professional online lending experience. No more lengthy paperwork or waiting in lines—just apply anytime, anywhere.
About Air Cash
Air Cash is not a lender itself but serves as a secure platform that connects users with various NBFCs (Non-Banking Financial Companies) that are legally registered to provide loans. We work with trusted NBFCs, including partners like Fairplay Finance Private Limited, to facilitate loan offerings to end users while remaining uninvolved in the administration or recovery processes of the loans.
Why Choose Air Cash?
- Simple Documentation: Only Aadhaar and PAN card required.
- Fully Digital Process: Apply and get approved right from your mobile device.
- Quick Approval and Disbursement: After approval, funds are directly credited to your bank account.
- Credit-Building Benefits: As you build a good repayment history, you may qualify for larger loan amounts.
- Flexible Repayment Options: Choose from multiple repayment methods for convenience.
Eligibility for Air Cash Loans
To qualify for a loan with Air Cash, you must meet the following criteria:
- Be a resident of India
- Be between 18 and 60 years old
- Have a salaried or self-employed job with a stable income source
Product Features
- Loan Amounts: ₹3,000 to ₹60,000
- Loan Tenure: 95 to 365 days
- Annual Percentage Rate (APR): Up to 22% based on credit score
- Service Fee: 1% to 3% depending on credit history
- No Membership or Upfront Fees: There are no hidden fees or advance charges.
Example Loan Calculation:
For a ₹20,000 loan with an APR of 22% and a 1% service fee over a 95-day period:
- Interest: ₹20,000 x (22% ÷ 365) x 95 = ₹1,145
- Service Fee: ₹20,000 x 1% = ₹200
- Total Amount Disbursed: ₹19,800 (₹20,000 - ₹200)
- Total Repayment Amount: ₹21,145 (₹20,000 + ₹1,145)
- Monthly Repayment Amount: ₹7,048
Note: A penalty will be charged only if payments are delayed beyond the scheduled date.
How to Apply for a Loan with Air Cash
- Download: Go to Google Play, download the Air Cash app, and install it.
- Register: Sign up with your mobile number.
- Complete Information: Fill out basic details and upload your ID.
- Agree and Sign: Electronically sign the agreement, then wait for approval.
- Receive Funds: Upon approval, the loan amount will be transferred to your bank account.
Security and Privacy
Air Cash prioritizes your security. All transactions are safeguarded with 256-bit SSL encryption, ensuring secure data transfer. Your data remains confidential and will not be shared with third parties without your consent. You can trust that your information is fully protected with us.
Contact Us
For any queries or support:
- Email: aircashnow@gmail.com
Office Address
A/31, Silver Apartment
Ghanekar Marg, Dadar
Mumbai, Maharashtra, India 400028
Expert Counsel
Loan apps like Air Cash can offer a fast solution for quick cash, but it’s essential to be aware of potential risks associated with using online loan platforms. Here are 10 key tips to help you stay safe and informed when using loan apps:
Download Only from Official Sources
Ensure you only download loan apps from trusted sources like the Google Play Store. Avoid downloading from unofficial websites or links, as these apps may misuse your personal information, including accessing your contacts without consent.
Be Prepared for Collection Efforts
If you miss a payment or are late, you may experience aggressive follow-ups, often through messages on platforms like WhatsApp. If this becomes intrusive, consider blocking the sender to protect your peace of mind.
Short Repayment Periods
Many loan apps require repayment within 6 to 14 days, which can make timely repayment challenging. This short window can create a cycle of borrowing to meet payments.
High Overdue Interest Rates
Delays in repayment often come with daily overdue interest rates ranging from 5% to 7%, leading to a rapid accumulation of debt if payments are missed.
Risk of Reputation Damage
Some loan apps may contact your acquaintances or family members if you default, which can affect your reputation. Protect yourself by keeping up with payments, and if any harassment occurs, you can file a complaint to address potential misuse.
Avoid Borrowing from Multiple Apps
Using one loan to pay another can deepen your financial challenges. This approach often traps borrowers in a never-ending debt cycle.
Use Truecaller or Similar Apps to Block Harassment
Apps like Truecaller can help screen and block unwanted calls, providing some relief from aggressive collection tactics.
Stop Borrowing to Break the Cycle
Limiting or eliminating borrowing from such loan apps can help regain control of your finances. Though it might be tough initially, taking this step can reduce the risk of excessive debt and financial stress.
Report Harassment on Messaging Platforms
If you receive aggressive messages on platforms like WhatsApp, block the sender and report the abuse directly to WhatsApp. This helps prevent further harassment and safeguards other users.
Consider Alternative Financial Solutions
Loan apps often involve high-interest rates and aggressive collection practices, which can make them unsustainable for long-term financial health. If possible, explore other financial solutions, such as personal bank loans, credit unions, or community financial assistance programs.
By following these tips, you can make informed decisions, protect yourself from predatory practices, and maintain better control over your financial well-being.
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