Cash Box - Line of Credit 1.0.8

Cash Box offers an unsecured Line of Credit (LOC) loan application that determines the user's credit limit based on various factors such as location, income, liabilities, employment status, corporate affiliation, job position, property ownership, and other pertinent conditions.

Key Features:

• Reasonable Interest Rates: Borrowers can specify the amount they need and choose the exact sum to borrow from the credit line, paying interest only on the withdrawn amount rather than the entire credit line.
• Flexibility in Repayment: Borrowers have the option to settle the outstanding balance in a lump sum or make minimum monthly payments with potential rollover/delay fees to accommodate their budget or cash flow circumstances.
• Security Measures: User data is handled with utmost care. All information is securely stored and transmitted using 256-bit SSL encryption to maintain confidentiality. Data will not be shared without explicit user consent.

Line of Credit Example:

For a loan amount of ₹6,000, credit line of ₹36,000, maximum APR of 18.25% per annum, and a loan tenure of 120 days:
Interest = ₹6,000 x 18.25%/365 x 120 = ₹360
Processing fee = ₹100
GST = ₹100 x 18% = ₹18
Total repayment in 120 days is ₹6,478. Notably, Cash Box calculates interest only on the withdrawn amount of ₹6,000.

Product Details:

• Loan Amount: ₹1,500 to ₹1,20,000
• Minimum Credit Tenure: 91 days
• Maximum Credit Tenure: 365 days
• Maximum Annual Percentage Rate (APR): 18.25%
• Processing Fee: ₹80 to ₹2,000 based on Credit tenure and withdrawal amounts
• GST: 18% on processing fees complying with Indian laws and regulations

Credit Line Determination:

The credit line limit is calculated based on the user's specifics like location, income, liabilities, job details, corporate ties, position within a company, property ownership, and other pertinent factors. Providing precise data increases the likelihood of qualifying for a higher credit line.

Credit Line Restoration:

Upon repayment and settlement of the loan amount, the line of credit is promptly reinstated.

Eligibility Criteria:

• Indian citizenship and age above 18 (with a PAN card)
• Possession of a bank account for swift fund disbursement
• A stable source of monthly personal income

Application Process:

1. Download and install the Cash Box App.
2. Register with your mobile number and grant necessary permissions.
3. Submit KYC documents for verification (usually done in under 5 minutes).
4. Agree to Cash Box's terms and conditions, then specify the desired loan amount.
5. Await the determination of total credit line limits, typically completed within two working hours.

Contact:

Email: [email protected]