| Interest Rate | 23% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | TOTAL INVESTMENTS PRIVATE LIMITED |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | ROOM 2-11 Rajiv Gandhi Maidan, Tagore Nagar, Vikhroli, Mumbai, Maharashtra |
| Category | Dangerous Loan |
| Company Email | LilyBrown1225@outlook.com |
| Views | 136 |
CashLight stands as a beacon of reliability and safety for Indian citizens seeking financial solutions. Available 24/7, this platform offers a plethora of loan products designed to cater to the varied financial needs of its customers. Each loan product on CashLight is meticulously selected to ensure top-notch quality, making it one of the premier loan platforms in India.
Key Advantages of CashLight
- High Loan Amounts: Offering loans ranging from ₹3,000 to ₹50,000.
- Flexible Loan Tenure: Loan periods stretch from 91 days to 180 days.
- Efficient Review Process: Quick and thorough review speeds coupled with low-interest rates.
- No Fees for Unsuccessful Applications: You won’t incur any charges if your application is not approved.
- Variety of Repayment Methods: Multiple convenient repayment options are available.
Detailed Product Information
- Loan Amount: From ₹3,000 to ₹80,000.
- Loan Tenure: 91 days to 360 days.
- Annual Percentage Rate (APR): Ranging from 3.5% to 12% per annum.
- Processing Fees: Between 2.5% and 5%.
Example Loan Calculation
For a loan amount of ₹20,000 at an APR of 5% per annum over a tenure of 91 days:
- Interest: ₹20,000 x 5% / 365 x 92 = ₹252.
- Processing Fee: ₹20,000 x 3% = ₹600.
- Total Cost of Loan: ₹252 + ₹600 = ₹852.
- Disbursed Amount: ₹20,000 - ₹600 = ₹19,400.
- Total Amount to Repay: ₹20,000 + ₹252 = ₹20,252.
- Monthly Repayments: ₹6,750.
Eligibility Criteria
To be eligible for a loan with CashLight, you must:
- Be an Indian resident.
- Be between 18 and 60 years old.
- Have a source of monthly income.
Easy Steps to Get a Loan on CashLight
- Register an Account: Sign up on the CashLight platform.
- Select a Loan Product: Choose the loan product that fits your needs and apply.
- Wait for the Review Result: The platform will review your application.
- Receive the Cash: Once approved, the funds will be disbursed to your account.
Security Measures
CashLight prioritizes the security of its users’ data. All transactions are secured with 256-bit SSL encryption, ensuring that all data transferred is protected. The platform guarantees that your data will not be shared with any third parties without your consent, keeping your information completely safe.
With CashLight, accessing financial assistance has never been easier or more secure. Whether you need funds for emergencies, home improvements, or other needs, CashLight offers a reliable solution. Register today and experience seamless financial support tailored to your needs.
Expert Counsel
Loan apps may seem like a quick solution for cash, but they often come with serious risks. Here are 10 important tips to keep in mind when dealing with online loan apps:
1. Only Download Loan Apps from Official Sources
Never download loan apps from sources outside the Google Play Store. Downloading from unofficial sites increases the risk of cyberbullying, as these apps may misuse your personal information, including contacting people in your address book without consent.
2. Be Prepared for Harassment if You're Late on Payments
Even if you’re just a day late, you can expect to receive a barrage of aggressive and unpleasant messages, particularly on WhatsApp. If the harassment escalates, don't hesitate to block the sender to protect your peace of mind.
3. Extremely Short Repayment Periods
Most loan apps offer repayment periods between 6 and 14 days, making it difficult for borrowers to meet their payment deadlines. This short repayment window often traps people in a cycle of debt
4. High Overdue Interest Rates
If you miss a payment, expect daily overdue interest rates between 5% and 7%. These high rates make it incredibly easy to spiral further into debt.
5. Reputation Damage is Their Leverage
Once a loan app has publicly shamed or tarnished your reputation by sending messages to your contacts, their goal has often been achieved. At this point, some borrowers choose not to repay the loan since the damage is already done. You can also generate a disclaimer to counter any false claims made by the app.
6. Don’t Borrow from Other Loan Apps to Repay Your Debts
Taking out new loans from other apps to settle existing debts will only worsen your financial situation. This strategy leads to a deeper cycle of borrowing and repaying.
7. Use Truecaller to Block Harassing Calls
Truecaller is an effective tool for screening and blocking calls from loan apps. This will help you avoid unnecessary stress and harassment from lenders.
8. Break the Cycle by Stopping Borrowing Altogether
The best way to escape the clutches of loan sharks is to stop borrowing entirely. It may be difficult, but cutting off access to these predatory loans is key to regaining control of your finances.
9. Block and Report Harassers
If you receive harassing messages on WhatsApp, block the sender and report them directly to WhatsApp and the Google Play Store. This helps prevent others from becoming victims of the same predatory practices.
10. Avoid Loan Apps Altogether
Loan apps are often designed to trap you in a cycle of debt, ruin your finances, and exploit your personal information. The safest option is to steer clear of them entirely and seek more secure financial alternatives.
By following these tips, you can protect yourself from the damaging effects of predatory loan apps and safeguard your financial well-being.
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