| Interest Rate | 34% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | Genres Tech Private Limited |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | Hosa Bhovi Colony, Pavagada Town, Pavagada, Tumakuru, Karnataka |
| Category | Dangerous Loan |
| Company Email | volcloa23@gmail.com |
| Views | 182 |
Volcano Loan offers a safe and reliable platform to help you prepare for unexpected expenses with low interest rates and a confidential application process.
Loan Details
Loan Amount: Volcano Loan provides loan amounts ranging from ₹2,000 to ₹300,000. Whether you need a small amount for minor expenses or a larger sum for significant financial needs, Volcano Loan has you covered.
Repayment Period: Our flexible repayment periods range from 91 days to 365 days, giving you the option to choose a term that best fits your financial situation.
Interest Rate: The interest rate depends on the customer's credit status and the loan period. The maximum annual interest rate is 35%. This transparent rate structure ensures you understand the cost of your loan upfront.
No Additional Costs: Volcano Loan prides itself on transparency, ensuring there are no hidden fees or additional costs.
Example Calculation: For a loan amount of ₹300,000 with an annual interest rate of 35% and a term of 91 days:
Interest=₹300,000×35%/365×91=₹26,178.08\text{Interest} = ₹300,000 \times 35\% / 365 \times 91 = ₹26,178.08
Total Repayment Amount=₹300,000+₹26,178.08=₹326,178.08\text{Total Repayment Amount} = ₹300,000 + ₹26,178.08 = ₹326,178.08
Eligibility Requirements
To qualify for a loan through Volcano Loan, you must meet the following criteria:
- Nationality: You must be an Indian citizen.
- Age: You must be at least 18 years old.
- Identification: A PAN card must be used as a valid ID.
- Bank Account: You must have an active bank account.
Steps to Apply for a Loan
Applying for a loan with Volcano Loan is straightforward and can be done in just a few steps:
- Download the App: Get the Volcano Loan app from the Google Play Store.
- Register on the App: Create an account using your mobile number and necessary details.
- Submit Personal Loan Information: Provide your personal and financial information as required.
- Upload KYC Documents: Complete the Know Your Customer (KYC) process by uploading the necessary documents.
- Loan Approval and Disbursement: Once approved, the loan amount will be directly credited to your bank account.
Why Choose Volcano Loan?
- Low Interest Rates: Enjoy competitive interest rates tailored to your credit status.
- Confidential and Secure: Your loan application is safe and confidential, ensuring your personal information is protected.
- Quick Processing: With a fast and efficient application process, you can get your loan approved and disbursed quickly.
- No Hidden Fees: Transparency is key, and we ensure there are no hidden fees or costs.
- Flexible Repayment: Choose a repayment period that fits your financial situation, ensuring you can manage your repayments comfortably.
Volcano Loan provides a dependable solution for accessing emergency cash loans with low interest rates. With a simple and secure application process, flexible repayment options, and no hidden costs, Volcano Loan ensures you can handle unexpected financial challenges with ease. Download the Volcano Loan app today and take the first step towards financial security and peace of mind.
Expert Counsel
Loan apps may seem like a quick fix for financial needs, but they often come with significant risks. To help you stay safe, here are ten crucial tips to consider when using online loan applications:
1. Prepare for Aggressive Messaging if Payments Are Late Even a single day's delay in payment can result in a flood of harassing messages, especially on platforms like WhatsApp. If you experience harassment, block the sender to maintain your peace.
2. Avoid Borrowing from Other Apps Taking out new loans from different apps to pay off existing debts can worsen your financial situation. This approach often leads to a deeper borrowing cycle.
3. Beware of High Overdue Interest Rates Missing a payment can result in daily interest rates ranging from 5% to 7%. These high rates can quickly escalate, leading to deeper debt.
4. Download Only from Official Sources Always download loan apps from trusted sources, such as the Google Play Store. Unofficial sites may compromise your personal information, exposing you to cyberbullying.
5. Consider Avoiding Loan Apps Entirely Many loan apps are designed to ensnare borrowers in a debt cycle, jeopardizing their financial health and privacy. The safest choice is to explore more secure financial alternatives.
6. Watch Out for Extremely Short Repayment Periods Many loan apps have repayment terms lasting only 6 to 14 days, making it challenging for borrowers to meet their obligations, potentially trapping individuals in debt.
7. Protect Your Reputation Once a loan app contacts your friends or family to shame you publicly, their goal is often achieved. Some borrowers may opt not to repay the loan, believing the damage is already done.
8. Break Free by Ceasing Borrowing To escape the grip of loan sharks, the most effective strategy is to stop borrowing entirely. Although challenging, cutting off access to predatory loans is essential for regaining control over your finances.
9. Use Truecaller for Call Management Truecaller is a helpful tool for screening and blocking calls from loan apps, significantly reducing stress and unwanted harassment from lenders.
10. Report and Block Harassers If you receive threatening messages on platforms like WhatsApp, take action by blocking the sender and reporting them to WhatsApp and the Google Play Store to protect others.
By keeping these tips in mind, you can shield yourself from the damaging consequences of predatory loan apps and protect your financial well-being. Remember, it's essential to stay vigilant and make informed decisions to ensure your financial security. If you ever find yourself in a financial bind, consider reaching out to reputable financial institutions or seeking advice from trusted financial advisors instead of turning to dubious loan apps. Taking proactive steps now can save you from significant financial stress in the future.
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