GoldCash

In today’s rapidly changing financial landscape, having access to quick and reliable cash is essential. GoldCash, Myanmar's premier loan app, is designed to provide you with fast and easy access to the funds you need. Whether you’re facing an emergency, planning for business growth, or managing personal expenses, GoldCash offers a user-friendly platform that ensures you can apply for loans anytime, anywhere. With fast approvals, low-interest rates, and flexible repayment options, GoldCash is committed to supporting your financial needs with reliable solutions.

Application Conditions for GoldCash

To ensure that the loan process is smooth and efficient, GoldCash has set specific conditions for applicants:

1. Age Requirement: You must be 18 years or older to apply.
2. Citizenship: Applicants must be citizens or legal residents of Myanmar.
3. Income: A regular source of income or stable employment is required.
4. Valid Identification: A valid NRC (National Registration Card) or passport is necessary for verification.
5. Active Phone Number: A working phone number is needed for the verification process.
6. Bank Account: Applicants must have a bank account for loan disbursement and repayments.
7. Good Repayment History: There should be no outstanding loans with overdue payments from GoldCash.

Loan Terms and Fees

GoldCash provides clear and transparent loan terms to help you make informed decisions:

1. Loan Amount: You can borrow up to Ks 800,000.
2. Loan Tenure: Loan terms range from 91 days to 365 days, providing flexibility based on your needs.
3. Annual Percentage Rate (APR): The APR varies from 10% to 28%, ensuring competitive interest rates.
4. Service Fee: A service fee of 6% is applicable on the loan amount.

Example Loan Calculation

To help you understand how a GoldCash loan works, let’s consider an example:

• Loan Amount: Ks 800,000
• Loan Tenure: 120 days
• APR: 15%
• Service Fee: 6%

Interest Calculation:

• Daily Interest Rate = 15% / 365 = 0.041%
• Interest for 120 Days = Ks 800,000 * 0.041% * 120 = Ks 39,360

Service Fee Calculation:

• Service Fee = Ks 800,000 * 6% = Ks 48,000

Total Repayment:

• Total Repayment = Ks 800,000 + Ks 39,360 + Ks 48,000 = Ks 887,360

How to Apply for a Loan with GoldCash

Applying for a loan with GoldCash is straightforward and efficient:

1. Download the GoldCash App: Available on Google Play.
2. Register with Your Phone Number: Ensure the phone number is registered with your NRC.
3. Fill in Required Personal Information: Provide necessary details for verification.
4. Loan Approval and Disbursement: Once your loan is approved, the amount will be disbursed to your bank account.

Why GoldCash Collects Personal Information

GoldCash collects your personal information to provide you with better loan services and evaluate your credit history accurately. This information helps in assessing your eligibility and ensuring a smooth loan process.

Updating Information in the GoldCash App

• NRC Information: Once submitted, NRC information cannot be modified. Ensure your account is registered with your own NRC and fill in the details carefully.
• Mobile Wallet Account Information: Similar to NRC information, once entered, the Mobile Wallet Account information cannot be updated. Use the account where you wish to receive the loan.

Receiving and Repaying the Loan

Receiving the Loan: Ensure you have a Mobile Wallet account registered with the same number used for FlashLoan. The loan amount will be sent directly to your Mobile Wallet.

Repaying the Loan: There are two options for repaying the loan:

1. Through the FlashLoan App:
   • Open the FlashLoan App.
   • Tap "Mobile Account" and then "REPAY NOW".
   • Enter the Mobile Wallet pin when prompted.
2. Via USSD Code:
   • Use the code 885710# for repayment.

Late Payment Penalties

If you miss the repayment due date, a late payment penalty will be charged daily. Continuous non-payment may result in legal action.

Data Security

GoldCash ensures that your personal information is secure. As a licensed company, GoldCash adheres to government regulations to protect your data, which is only used for verification purposes.

Final Thoughts

GoldCash stands as a reliable and efficient financial partner for Myanmar’s residents, offering quick and secure access to loans up to Ks 800,000. With a commitment to transparency, customer safety, and flexible repayment options, GoldCash ensures that you can manage your financial needs effortlessly. Whether it’s an emergency or planned expenditure, GoldCash is your go-to solution for hassle-free borrowing.