Royal Cash

Need quick cash to cover unexpected expenses? Royal Cash offers a seamless and secure solution for your financial needs. With our user-friendly platform, you can easily apply for loans ranging from Rs. 2,000 to Rs. 2 Lakh, with flexible repayment options and competitive interest rates.

Loan Information:

• Loan Amount: Rs. 2,000 to Rs. 2 Lakh
• Repayment Period: 95 days to 730 days
• Annual Percentage Rate (APR): 18% to 30%
• Processing Fees: 5% plus GST (minimum Rs. 100 + GST and maximum Rs. 5,000 + GST)
• Late Payment Fees: Up to 0.1% per day (capped at 18% of the principal amount overdue)
• No Hidden Fees: Transparent loan terms with no hidden charges

Example Calculation:

• Loan Amount: Rs. 75,000
• Tenure: 365 days
• 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 the Loan: Rs. 85,104

Note: The loan amount will be disbursed after deducting the processing fee. The borrower pays interest only on the utilized loan amount.

How to Apply:

1. Sign Up/Register: Download and register on the Royal Cash Mobile App using your mobile number.
2. Fill in Required Details: Provide your name, address, and bank account information.
3. Upload Documents: Submit your PAN card, identity proof, and bank statement.
4. Get Credit Limit Assigned: Receive your credit limit after approval.
5. E-sign the Agreement: Complete the process with an electronic signature.
6. Receive Funds: The loan amount will be credited to your bank account upon successful completion of the process.

Eligibility Criteria:

• Must be 18 years old or above
• Maximum age limit at the time of loan application is 56 years
• Must be an Indian citizen
• Should be a salaried employee
• Monthly net salary should not be less than Rs. 15,000
• Must have a minimum work experience of 6 months

Required Documents:

• Identity Proof: Driving License, Voter ID, Passport, Aadhar, or PAN card
• Address Proof: Driving License, Voter ID, Passport, Aadhar, Utility Bills, or Bank Statements
• E-sign: Fast-track your application with registered mobile and OTP

Features:

• 100% paperless process
• Loan limit up to Rs. 2 Lakh
• Flexible repayment options
• Online approval and sanctioning process
• Collateral-free personal loans
• Convert short-term personal loans to EMI term loans

Loan Uses:

• Education: Covering tuition fees and other educational expenses
• Medical: Paying for medical treatments and emergencies
• Wedding: Financing wedding expenses
• Home Renovation: Upgrading and renovating your home
• Buying Mobile: Purchasing a new mobile phone
• Travel Expenses: Funding travel and vacations
• Rental Deposit: Paying rental deposits
• Monthly Bills: Covering monthly utility bills
• Home Appliances: Buying home appliances, furniture, and other essentials

Security & Protection of Privacy:

Data security and privacy are top priorities at Royal Cash. We use SHA-2 and 2,048-bit encryption (the strongest security system in the market) and comply with SSL certification to protect your personal information.