Rushloan

Rushloan, owned and operated by Rexcin, is a trusted financial wellness app designed to help you take control of your finances. With a simple and personalized approach, Rushloan provides instant access to a variety of loan products, making financial management easier than ever.

About Rexcin Finance Pvt. Ltd.

Rexcin Finance Pvt. Ltd. serves as a third-party platform that connects users with registered non-banking financial companies (NBFCs) or banks for loan services. While Rexcin handles the development, operation, and advertising of the Rushloan App, it does not manage or recover loans granted to end users. The partnerships and cooperation are transparently displayed on the websites of both parties.

Authorized Companies:

• Pal Credit & Capital Limited
• Thunder Traders Ltd
• Bharat Udyog Limited

Product Details

Rushloan offers a wide range of loan products to meet various financial needs:

• 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, in adherence to Indian laws and policies

Credit Line Example:

For a loan amount of ₹6,000, with a credit line amount of ₹36,000, a maximum APR of 18.25% per annum, and a loan tenure of 120 days:

• Interest:

Interest=₹6,000×18.25%/365×120=₹360\text{Interest} = ₹6,000 \times 18.25\% / 365 \times 120 = ₹360

• Processing Fee: ₹100
• GST on Processing Fee:

GST=₹100×18%=₹18\text{GST} = ₹100 \times 18\% = ₹18

• Total Repayment in 120 Days:

₹6,000+₹360+₹100+₹18=₹6,478₹6,000 + ₹360 + ₹100 + ₹18 = ₹6,478

Notably, Cash Box calculates interest solely on the withdrawn amount of ₹6,000.

How to Get Started with Rushloan

1. Download the Rushloan App: Available on major app stores, download the app and complete the installation.
2. Register and Log In: Use your mobile number to register and log in.
3. Choose Your Favorite Product: Browse and select the loan product that suits your needs.
4. Download and Apply: Complete the application process within the app.

Why Choose Rushloan?

• Fair Interest Rate: Enjoy competitive and transparent interest rates.
• Complete Digital Experience: The entire process, from application to disbursement, is conducted online.
• No Mortgage Required: Loans are unsecured, requiring no collateral.

Eligibility Requirements

To be eligible for a loan through Rushloan, you must meet the following criteria:

• Indian Citizens: Applicants must be citizens of India.
• Age Range: Between 18 and 55 years old.
• Stable Income: Applicants must have a stable source of income.

Rushloan offers a convenient and reliable platform for managing your financial needs. With a variety of loan products, competitive interest rates, and a user-friendly app, Rushloan simplifies the borrowing process. Whether you need a short-term loan or a larger amount for significant expenses, Rushloan provides the solutions you need. Download the Rushloan app today and take control of your financial future with confidence.