| Interest Rate | 34% |
| Duration | From 14 Days |
| Access Level | Public |
| Company Name | SUNITA FINLEASE LTD |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 128 |
Cashearly is here to provide a seamless and efficient way to get personal loans online. Whether you're salaried or self-employed, Cashearly offers flexible loan options to meet your financial needs.
What is Cashearly?
Cashearly is an innovative online personal loan app designed for both salaried and self-employed individuals. With Cashearly, you can borrow amounts up to ₹20,000 and choose repayment terms that suit your needs. Here’s a detailed overview of what Cashearly offers:
Key Features of Cashearly
- Loan Amounts: From ₹2,000 to ₹20,000
- Interest Rates: Annual Percentage Rates (APR) ranging from 12% to 36%
- Flexible Tenure: Repayment periods from 92 days to 360 days
- Processing Fee: 2% to 4%, ensuring affordability
How Does Cashearly Work?
Easy Application Process
Cashearly simplifies the loan application process with its user-friendly app. Here’s how you can get started:
- Download the App: Install Cashearly from the Google Play Store or Apple App Store.
- Sign Up and Login: Register with your phone number.
- Complete Information: Fill in basic details and upload KYC documents.
- Select Loan Amount and Tenure: Choose the amount you wish to borrow and the repayment period.
- Verify Information: Our team will promptly verify your details.
- Receive Money: Once approved, the loan amount will be credited to your bank account.
- Repay on Time: Ensure timely repayment to maintain a good credit score.
Eligibility Criteria
To qualify for a loan from Cashearly, applicants must meet the following requirements:
- Residency: Must be a legal resident of India.
- Age: Must be 21 years or older.
- Income: Should have a steady source of income.
- Documentation: Aadhaar and PAN card are mandatory.
Example Loan Calculation
To help you understand the cost of a loan from Cashearly, here’s an example:
- Loan Amount: ₹5,000
- Interest Rate: 29% per annum
- Tenure: 91 days
Calculations:
- Interest Calculation: ₹5,000 * 29% / 365 * 91 = ₹361
- Total Repayment Amount: ₹5,000 + ₹361 = ₹5,361
Why Choose Cashearly?
Cashearly offers several benefits that make it a preferred choice for borrowers:
1. 100% Online Loan Application Process
With Cashearly, you can apply for a loan directly through the app without the need for physical documentation. This makes the process fast and convenient.
2. Instant Personal Loan Online
Experience the convenience of instant loan approval and disbursal. Once approved, the funds are transferred directly into your bank account.
3. Affordable and Low-Interest Rates
Our interest rates are competitive, ranging from 12% to 36%, ensuring that borrowing is affordable.
4. High Loan Approval Rate
Cashearly has a high loan approval rate, increasing your chances of securing the funds you need.
5. Secure and Confidential
We prioritize your data security and privacy. All loan applications are secure, and your information is kept confidential.
Flexible Use of Cashearly Personal Loan
You can use our quick loans for a variety of purposes, including:
- Monthly Groceries: Cover your grocery bills with ease.
- Rent Payments: Manage rent payments even if your next paycheck is still some way off.
- Paying Bills: Tackle mounting bills and end-of-month cash crunches with our financial solutions.
- Emergency Expenses: Address urgent financial needs swiftly and efficiently.
Privacy and Security
Your data security and privacy are our top priorities. We’ll ask for your permission before accessing information on your phone. All requested information is relevant to creating a credit score, which helps us generate the best loan offers for you. Rest assured, your data is transferred over a secure HTTPS connection and is not shared with third parties without your consent. All transactions are secured using advanced encryption methods.
Cashearly provides a seamless and efficient way to access personal loans online. Whether you need funds for emergencies, bills, or personal expenses, Cashearly offers a convenient and transparent solution. Download the Cashearly app today and experience the ease of modern lending. Take control of your financial needs with Cashearly and enjoy peace of mind with our secure and reliable loan services.
Expert Counsel
While loan apps may provide a quick fix for financial issues, they often come with significant risks that can impact your financial health. Here are ten crucial tips to keep in mind when using these online loan applications:
1. Expect Aggressive Messaging for Late Payments
Even a single day's delay in repayment can trigger a barrage of harassing messages, especially on platforms like WhatsApp. If this happens, block the sender to maintain your peace of mind and avoid unnecessary stress.
2. Avoid Borrowing from Multiple Loan Apps
Resorting to other loan apps to repay existing debts can trap you in a never-ending cycle of borrowing. This practice often worsens your financial situation rather than improving it, leading to deeper debt.
3. Be Aware of High Penalty Interest Rates
Missed payments can result in daily interest rates ranging from 5% to 7%. These penalty rates can quickly balloon your debt, making repayment even more challenging. Always strive to meet your payment deadlines to avoid these additional costs.
4. Download Apps Only from Official Sources
Ensure you're downloading loan apps from trusted platforms like the Google Play Store. Downloading from unofficial sites puts your personal information at risk and exposes you to potential fraud or harassment.
5. Consider Skipping Loan Apps Altogether
Many loan apps are designed to trap users in cycles of debt, often compromising their privacy and financial health. It's often safer to explore alternative, more secure financial options, such as credit unions or traditional bank loans.
6. Watch for Short Repayment Periods
Some loan apps offer repayment periods as short as 6 to 14 days. These short terms can make it difficult to repay the loan on time, increasing the risk of falling into a debt trap. Ensure you’re comfortable with the repayment schedule before borrowing.
7. Protect Your Personal Reputation
Loan apps may contact your friends or family to publicly shame you if you fall behind on payments. This tactic can be distressing and damaging to your reputation. Avoid these apps altogether to protect your personal relationships and peace of mind.
8. Stop Borrowing to Break Free
The best way to escape the clutches of loan sharks is to stop borrowing. Although it may be difficult, taking this step is necessary to regain control of your financial life and prevent further debt.
9. Use Call Management Tools Like Truecaller
Truecaller is a helpful tool for blocking unwanted calls from loan apps, helping you manage stress and reduce harassment from lenders. This can provide relief from persistent and intrusive calls.
10. Report and Block Harassing Messages
If you receive threatening messages, especially on platforms like WhatsApp, take immediate action by blocking the sender and reporting them to WhatsApp and the Google Play Store. This helps protect others from similar harassment and can lead to the removal of predatory apps from the platform.
By following these guidelines, you can protect yourself from the risks associated with predatory loan apps and safeguard your financial well-being. Staying informed and cautious will help you make better financial decisions for your future. Remember, your financial health is paramount, and taking proactive steps to protect it is essential for long-term stability. Stay vigilant and prioritize secure financial practices to ensure a healthier financial future.
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