CashRoom

CashRoom is dedicated to providing safe and reliable short-term loan services to users. We aim to establish a healthy and beneficial lending relationship between the platform and our users.

Application Conditions

To be eligible for a loan from CashRoom, you must meet the following criteria:

1. Citizenship: You must hold a Myanmar or Cambodia identity card.
2. Age: Applicants should be between 18 and 55 years old.
3. Repayment Ability: You must have the ability to repay the loan.

How to Apply

Getting a loan through CashRoom is simple and straightforward:

1. Download the CashRoom App: Available on your app store.
2. Fill in Your Real Information: Complete the required fields accurately.
3. Apply for a Loan: Submit your loan application within the app.
4. Approval and Disbursement: Upon approval, the loan amount will be directly transferred to your bank account.

Product Description

Here are the details of the loan products offered by CashRoom:

• Loan Amount: Ranges from MMK 20,000 to MMK 80,000.
• Loan Term: Flexible terms from 91 days to 365 days.
• Annual Percentage Rate (APR): Varies from 3% to 12% per annum.
• Management Fee: Ranges from 1% to 5%.
• Late Fees: Up to 0.1% per day, capped at 18% of the overdue amount.
• No Hidden Fees: Users are only penalized for late payments.

Loan Example

For example, if you borrow MMK 50,000 for 180 days (6 months) with an APR of 10%, the interest and total amount due are calculated as follows:

• Interest Calculation: MMK 50,000 * 10% / 365 * 180 = MMK 2,466
• Principal Repayment: MMK 50,000
• Total Amount of Repayment: MMK 50,000 + MMK 2,466 = MMK 52,466

Repayment Schedule:

• Monthly Repayment: MMK 52,466 / 6 = MMK 8,744

Information Security

At CashRoom, the security of your information is our top priority. All user data is encrypted and protected, ensuring it is completely secure. We guarantee that your data will not be shared with any third parties without your consent.

CashRoom offers a secure, efficient, and user-friendly platform for accessing short-term loans. By prioritizing transparency and data security, we help you manage your financial needs conveniently. Download the CashRoom app today and experience hassle-free loan services designed to meet your short-term financial needs.