| Interest Rate | 37% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | LUHARIWALA FINANCE & INVESTMENT PVT.LTD. |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | handycash01@outlook.com |
| Views | 91 |
HandyCash is here to provide a seamless and efficient way to access diversified loan services. Designed for Indian mobile internet users, HandyCash allows you to apply for loans anytime, anywhere with a simple and hassle-free online application process.
What is HandyCash?
HandyCash is an innovative online loan platform that offers a variety of loan products tailored to meet the needs of salaried and self-employed individuals. Whether you need funds for an emergency, personal expenses, or business needs, HandyCash provides a convenient and transparent solution.
Key Features of HandyCash
- Loan Amounts: From ₹3,000 to ₹50,000
- Interest Rates: Maximum annual interest rate of 25%
- Loan Tenure: Flexible repayment periods ranging from 91 days to 365 days
- No Hidden Fees: Transparent and straightforward fee structure
Example Loan Calculation
To help you understand how a loan from HandyCash works, here’s an example:
- Loan Amount: ₹10,000
- Interest Rate: 20% per annum
- Tenure: 91 days
Calculations:
- Interest Calculation: ₹10,000 * 20% / 365 * 91 = ₹498.6
- Total Repayment Amount: ₹10,000 + ₹498.6 = ₹10,498.6
- Monthly Installment: ₹10,498.6 / 3 = ₹3,499.5
Eligibility Criteria
To qualify for a loan from HandyCash, applicants must meet the following requirements:
- Residency: Must be an Indian citizen
- Age: Must be 18 years or older
- Income: Must be a salaried or self-employed person with a regular source of income
Advantages of HandyCash
HandyCash offers several benefits that make it a preferred choice for borrowers:
1. Reasonable Rates and Fees
HandyCash provides competitive interest rates and reasonable fees, ensuring that borrowing is affordable and manageable.
2. Professional Service
Our professional service ensures that you receive the support and guidance you need throughout your borrowing journey.
3. No Collateral Required
Unlike traditional loans, HandyCash does not require any collateral, making it accessible to a broader range of borrowers.
4. Personalized Products
HandyCash offers personalized loan products tailored to meet your specific financial needs.
How to Use HandyCash
Follow these simple steps to get started with HandyCash:
- Download the App: Install the HandyCash app from the Google Play Store.
- Sign Up and Login: Register with your phone number and complete the application form with your personal details.
- Submit Information: Provide the required documents, including proof of identity and income.
- Verify Information: Our team will promptly verify your details.
- Select Loan Amount and Tenure: Choose the amount you wish to borrow and the repayment period.
- 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.
HandyCash is your reliable partner for instant personal loans in India. Whether you need funds for emergencies, bills, or personal expenses, HandyCash offers a convenient and transparent solution. Download the HandyCash app today and experience the ease of modern lending. Take control of your financial needs with HandyCash and enjoy peace of mind with our secure and reliable loan services.
Expert Counsel
Loan apps provide quick and convenient access to credit with minimal documentation and fast approval. However, they often come with high-interest rates, hidden fees, and predatory practices. Here's a detailed guide to help you manage and avoid the pitfalls of loan apps.
How to Avoid Loan Apps
- Build an Emergency Fund:
- Save 3-6 months' worth of expenses to avoid the need for quick loans.
- Create a Budget:
- Track your expenses, prioritize needs over wants, and allocate funds wisely.
- Explore Alternative Credit Sources:
- Consider banks, credit unions, or peer-to-peer lending platforms that offer more favorable terms.
- Improve Your Credit Score:
- A good credit score can help you qualify for lower-interest loans.
- Avoid Unnecessary Expenses:
- Cut back on discretionary spending to reduce the need for loans.
Precautions When Using Loan Apps
- Read Terms and Conditions:
- Understand interest rates, fees, repayment terms, and penalties.
- Check Lender Legitimacy:
- Research the lender's reputation, licenses, and regulatory compliance.
- Borrow Only What You Need:
- Avoid taking more than necessary to minimize debt.
- Set Realistic Repayment Expectations:
- Plan to repay on time to avoid penalties and interest.
- Monitor Your Credit Report:
- Ensure loan app activities are accurately reflected.
How to Repay Loan Apps
- Prioritize Repayment:
- Pay on time to avoid penalties and interest.
- Create a Repayment Plan:
- Break down debt into manageable installments.
- Use Automatic Payments:
- Set up automatic transfers to ensure timely payments.
- Consider Debt Consolidation:
- Merge multiple debts into a single, lower-interest loan.
- Communicate with Lenders:
- Inform them of financial difficulties to negotiate payment extensions or reductions.
What to Do in a Financial Crisis
- Seek Professional Help:
- Consult a financial advisor or credit counselor.
- Prioritize Essential Expenses:
- Focus on necessities like food, rent, and utilities.
- Negotiate with Creditors:
- Discuss payment extensions or reductions.
- Explore Government Assistance:
- Look into programs like unemployment benefits or financial aid.
- Consider Debt Restructuring:
- Work with a credit counselor to reorganize debt.
Red Flags to Watch Out For
- Exorbitant Interest Rates:
- Rates above 36% APR are considered predatory.
- Hidden Fees:
- Look out for origination fees, late fees, or prepayment penalties.
- Unclear Repayment Terms:
- Ensure you understand repayment schedules and amounts.
- Lack of Transparency:
- Be wary of lenders with unclear or misleading information.
- Aggressive Marketing:
- Be cautious of lenders with pushy or deceptive marketing tactics.
Additional Tips
- Regulatory Bodies:
- Familiarize yourself with local regulatory agencies, such as the Central Bank of Nigeria, to report suspicious lenders.
- Loan App Reviews:
- Research reviews from multiple sources to gauge lender reputation.
- Financial Education:
- Continuously learn about personal finance and responsible borrowing.
By staying informed and cautious, you can navigate loan apps wisely and make better financial decisions. Always prioritize your financial well-being and make choices that align with your long-term goals.
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