| Interest Rate | 36% |
| Duration | From 14 Days |
| Access Level | Public |
| Company Name | Proshield Technology Pvt Ltd |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | Gorli Appalanaidu,Lachhannapalem Gramam, Makavarapalem, Visakhapatnam, Andhra Pradesh |
| Category | Dangerous Loan |
| Company Email | hanca798@gmail.com |
| Views | 54 |
HandCash is an innovative online platform that provides low-interest cash loans, offering a convenient and trustworthy solution for your financial needs. Here’s a comprehensive overview of how HandCash works and how it can benefit you.
Key Features of HandCash
Loan Amounts: From ₹2,000 to ₹20,000
Loan Tenure: Flexible repayment periods ranging from 91 days to 365 days
Interest Rates: Annual interest rates range from 10% to 28%, ensuring affordability
Service Charge: 0%, making the loan process transparent and cost-effective
Example Loan Calculation
To help you understand how a loan from HandCash works, here’s an example:
- Loan Amount: ₹2,000
- Loan Tenure: 91 days
- Annual Interest Rate: 18%
Calculations:
- Daily Interest Rate: 18% / 365 = 0.049%
- Interest for 91 Days: ₹2,000 * 18% / 365 * 91 = ₹89.75
- Total Repayment Amount: ₹2,000 + ₹89.75 = ₹2,089.75
Eligibility Criteria
To qualify for a loan from HandCash, applicants must meet the following requirements:
- Residency: Must be a resident of India.
- Age: Must be over 18 years old.
- Income: Must have a fixed source of income.
- Identity Proof: Must have a valid identity certificate.
Why Choose HandCash?
1. Convenient and Reliable
HandCash offers a seamless online application process, allowing you to apply for a loan and receive money directly into your bank account. This convenience ensures that you can access funds whenever you need them.
2. Low-Interest Rates
With annual interest rates ranging from 10% to 28%, HandCash provides affordable loan options that help you manage your finances effectively.
3. Transparent Fees
There are no hidden fees with HandCash. The platform charges 0% service fees, ensuring that you only pay what you agree to upfront.
4. Flexible Loan Terms
Choose repayment periods that suit your financial situation, from 91 days to 365 days.
How to Apply for a Loan
Getting a loan from HandCash is simple and straightforward. Follow these steps:
- Download the App: Install the HandCash app from the Google Play Store.
- Register: Sign up using your phone number.
- Submit Information: Provide the necessary details and upload your identity proof.
- Apply for Loan: Select the loan amount and repayment period that suits your needs.
- Receive Funds: Once approved, the loan amount will be directly deposited into your bank account.
- Repay on Time: Ensure timely repayment to maintain a good credit score and eligibility for future loans.
HandCash offers a reliable and efficient solution for accessing quick cash loans in India. With a straightforward application process, low-interest rates, and flexible repayment terms, HandCash ensures that you have the financial support you need when you need it. Download the HandCash app today and take control of your financial future with ease and confidence.
Expert Counsel
While loan apps may offer a quick solution for urgent financial needs, they often come with significant risks that can impact your financial well-being. Here are ten essential tips to help you navigate these online lending platforms safely:
1. Expect Aggressive Messaging for Late Payments
Even a single day's delay in repayment can trigger a barrage of harassing messages, especially on platforms like WhatsApp. If this happens, block the sender to maintain your peace of mind and avoid unnecessary stress.
2. Avoid Borrowing from Multiple Loan Apps
Taking out loans from different platforms to repay existing debts can trap you in a never-ending cycle of borrowing. This practice often worsens your financial situation, leading to deeper debt. Aim to manage your finances without resorting to multiple loan apps.
3. Be Aware of High Penalty Interest Rates
Missed payments can result in daily interest rates ranging from 5% to 7%, rapidly increasing your debt. Always strive to meet your payment deadlines to avoid accumulating excessive interest.
4. Download Apps Only from Official Sources
Ensure you download loan apps from trusted platforms like the Google Play Store. Downloading from unofficial sites puts your personal information at risk and exposes you to potential fraud or harassment.
5. Consider Skipping Loan Apps Altogether
Many loan apps are designed to trap users in cycles of debt, compromising their privacy and financial health. It's often safer to explore alternative, more secure financial options, such as credit unions or traditional bank loans.
6. Watch for Short Repayment Periods
Some loan apps offer repayment periods as short as 6 to 14 days. These short terms can make it challenging to repay the loan on time, increasing the risk of falling into a debt trap. Ensure you’re comfortable with the repayment schedule before borrowing.
7. Protect Your Personal Reputation
Loan apps may contact your friends or family to publicly shame you if you fall behind on payments. This tactic can be distressing and damaging to your reputation. Avoid these apps altogether to protect your personal relationships and peace of mind.
8. Stop Borrowing to Break Free
The best way to escape the clutches of high-interest debt is to stop borrowing. Although it may be difficult, taking this step is necessary to regain control of your financial life and prevent further debt.
9. Use Call Management Tools Like Truecaller
Truecaller is a helpful tool for blocking unwanted calls from loan apps, helping you manage stress and reduce harassment from lenders. This can provide relief from persistent and intrusive calls.
10. Report and Block Harassing Messages
If you receive threatening messages, especially on platforms like WhatsApp, take immediate action by blocking the sender and reporting them to WhatsApp and the Google Play Store. This helps protect others from similar harassment and can lead to the removal of predatory apps from the platform.
By following these guidelines, you can protect yourself from the risks associated with predatory loan apps and safeguard your financial well-being. Staying informed and cautious will help you make better financial decisions for your future. Remember, your financial health is paramount, and taking proactive steps to protect it is essential for long-term stability. Stay vigilant and prioritize secure financial practices to ensure a healthier financial future.
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