Chotacash
👉 Example of Personal Loan
Loan Amount from BDT10,000 to BDT50,000
Repayment period (loan tenor) options vary from 91days to 365 days
Annual Interest Rate (APR) is 15% to 29%
For Example - a personal loan of BDT10,000 with an APR of 15% (on a
reducing balance basis), repayment tenure of 91 days
Without any service fee, the total loan amount will be BDT10,000.
Total interest payable over 91days will be [(BDT10,000 * APR 15% )/ 365 days] * 91days = BDT374.
Total loan repayment amount is
BDT10,000 + BDT374 = BDT10,374
*These numbers are for representation and the final interest rate/fees may vary from one borrower to another depending on his/her credit assessment
👉 Why make Chotacash better ?
weeks & months to get a personal loan approved
Completely Digital: Chotacash instant loan online app offers a complete digital service to help save time as well as paper
0 physical contact: all online journey
Loan without collateral: Unlike other personal loan apps online, you can avail loan even without any collateral
No Hidden Charges: A key feature that makes Chotacash one of the best
loan app available is transparency as there are no hidden charges
👉How to Apply ?
Above 18 years old
Register with OTP
Ensure that you have the documents listed on the Web/App
Provide amount details
Do KYC & profile setup
Validate address with pin code verification
Select amount & tenure
Provide bank details
APR Charges
The APR (Annual Percentage Rate) charges differ from person to person as it considers the different products availed and the risk profile of the customer. However, it generally ranges between 15% -29%.
Security & Privacy Policy
Chotacash personal loan app ensures the safety of user information and does not share them with third-party apps
https://www.chotacashtech.com/privacy.html
Spark Creatives
Contact Us: Drop us an email: [email protected]
Address: 30/a, naya paltan (hotel victory), sattar centre (9th floor),Dhaka,Dhaka,1000
Reply Mail Time:AM 9:00 ~ PM 19:00
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