| Interest Rate | |
| Duration | |
| Access Level | Public |
| Company Name | TINNA FINEX LIMITED |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | 11, Wood villa, IInd Avenue, Bandh Road, Chandan Haula, NEW DELHI Delhi INDIA 110074 |
| Category | Dangerous Loan |
| Company Email | servicecashstar@gmail.com |
| Views | 128 |
Cash Star emerges as a robust solution, offering a seamless experience by connecting users with registered non-bank financial companies (NBFCs) and banks. It’s essential to understand that Cash Star itself does not directly engage in lending activities but facilitates the process through its trusted partners.
Partnering for Success
One of Cash Star’s primary partners is TINNA FINEX LIMITED, a systemically important NBFC known for its reliability and robust financial services. This partnership ensures that users have access to credible and secure lending options.
Comprehensive Loan Options
Cash Star provides an online platform where users can apply for loans ranging from Rs. 2,000 to Rs. 2 Lakh, with tenures spanning 95 days to 24 months. The processing fees are set at 5% plus GST, with a minimum of Rs. 100 + GST and a maximum of Rs. 5,000 + GST. The Annual Percentage Rate (APR) varies between 18% and 32%, depending on the loan specifics.
Example Loan Calculation
To give you a clearer understanding, here’s an example:
- Loan Amount: Rs. 75,000
- Tenure: 12 Months
- APR: 24% (on Reducing Principal Balance interest calculation)
- EMI: Rs. 7,092
- Total Interest Payable: Rs. 10,104
- Processing Fees (incl. GST): Rs. 4,425
- Total Cost of Loan: Rs. 85,104
Note: The loan amount is disbursed after deducting the processing fee. Interest is charged only on the utilized loan amount.
Key Features of Cash Star
- Paperless Process: Enjoy a 100% digital and paperless application process.
- High Loan Limits: Access loan limits up to Rs. 2 Lakh.
- Collateral-Free Loans: Obtain loans without needing to provide collateral.
- EMI Conversion: Convert your short-term personal loans to EMI term loans.
- Rent Payments via Credit Card: Use your credit card to pay monthly rent.
Eligibility Criteria
To qualify for a loan through Cash Star, applicants must meet the following criteria:
- Age: Borrowers must be at least 18 years old, with a maximum age of 56 at the time of the loan.
- Citizenship: Must be an Indian citizen.
- Employment: Should be a salaried employee with a monthly net salary of at least Rs. 15,000.
- Work Experience: A minimum of 6 months of work experience is required.
Required Documents
Applicants need to provide the following documents:
- Identity Proof: Driving license, Voter ID, Passport, Aadhar, or PAN.
- Address Proof: Driving license, Voter ID, Passport, Aadhar, Utility bills, or bank statements.
- E-signature: E-sign on the application with a registered mobile number and OTP.
How to Apply
The application process with Cash Star is straightforward and efficient. Here’s how you can get started:
- Sign Up/ Register: Use your mobile number to sign up.
- Complete Details: Fill in required details such as Name, Address, and Bank account.
- Upload Documents: Upload your PAN card and identity proof.
- Credit Limit Assignment: Get your credit limit assigned.
- E-sign Agreement: Complete the e-signature process.
- Receive Funds: The loan amount will be credited to your bank account upon successful completion.
Versatile Loan Uses
Cash Star loans can be utilized for a variety of purposes, including:
- Education: Fund your or your child's education.
- Medical Expenses: Cover medical bills and emergencies.
- Home Renovation: Improve your living space.
- Buying Gadgets: Purchase new mobile phones or gadgets.
- Travel Expenses: Finance your travel plans.
- Rental Deposits: Pay your rental deposits.
- Monthly Bills: Manage monthly utility bills.
- Home Appliances and Furniture: Buy essential home items.
Security and Privacy
Cash Star places a high priority on data security and privacy. The app uses SHA-2 and 2,048-bit encryption—the strongest security system in the market—and complies with SSL certificates. This ensures that all user data is safeguarded against unauthorized access.
Cash Star provides a secure, efficient, and user-friendly platform for accessing personal loans. With high loan limits, competitive interest rates, and a seamless application process, it stands out as a reliable option for managing your financial needs. Whether for education, medical expenses, home renovations, or travel, Cash Star offers the flexibility and support you need. Download the Cash Star app today and take the first step towards financial stability and happiness for you and your family.
Expert Counsel
While loan apps can provide a quick solution for financial needs, they also come with significant risks. Here are ten crucial tips to help you navigate online lending platforms safely and protect your financial well-being:
1. Prepare for Aggressive Messaging if Payments Are Late
Even a single day's delay in repayment can trigger a barrage of harassing messages, especially on platforms like WhatsApp. If these messages become overwhelming, block the sender to maintain your peace of mind and reduce stress.
2. Avoid Borrowing from Multiple Apps
Taking out new loans from different apps to cover existing debts can worsen your financial situation. This approach often leads to a deeper cycle of debt, making it harder to manage and repay your loans. Stick to one source of borrowing to maintain better financial control.
3. Beware of High Overdue Interest Rates
Missing payments can result in daily interest charges ranging from 5% to 7%. These high rates can quickly lead to deeper debt and make repayment more difficult. Always try to meet your payment deadlines to avoid accumulating excessive interest.
4. Download Only from Official Sources
Ensure you download loan apps only from trusted sources like the Google Play Store. Unofficial sites can compromise your privacy and expose you to cyber risks, including the misuse of your personal information. Protect yourself by sticking to reputable app stores.
5. Consider Avoiding Loan Apps Entirely
Many loan apps are designed to trap users in cycles of debt, jeopardizing their financial health and privacy. Exploring more secure and traditional financial options, such as credit unions or personal loans from established banks, can help you avoid these pitfalls and maintain financial stability.
6. Watch Out for Extremely Short Repayment Periods
Some loan apps set repayment terms as short as 6 to 14 days, making it challenging for borrowers to meet their obligations on time. These short repayment periods often lead to debt traps. Ensure you're comfortable with the repayment schedule before borrowing to avoid unnecessary stress and financial strain.
7. Protect Your Privacy and Reputation
Loan apps may contact your family or friends to pressure you into repaying, potentially harming your reputation. This tactic can be distressing and invasive. For many, this is reason enough to avoid these apps entirely. Protect your privacy by being cautious about the lending platforms you engage with.
8. Break Free by Ceasing Borrowing
The most effective way to escape the grip of high-interest debt is to stop borrowing altogether. While it might be challenging initially, taking a break from these loans is essential for financial recovery and long-term stability. Focus on managing your finances without relying on predatory loans.
9. Use Call-Blocking Apps Like Truecaller
Apps like Truecaller can help you screen and block unwanted calls from lenders, significantly reducing stress and unwanted harassment. This tool is effective in protecting you from persistent calls and maintaining your peace of mind.
10. Report and Block Harassers
If you receive abusive or threatening messages on platforms like WhatsApp, take immediate action by blocking the sender and reporting them to both WhatsApp and the app store. This helps protect others from similar harassment and can contribute to the removal of predatory apps from the store.
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