Cash Box - Line of Credit

About Cash Box - Line of Credit

Cash Box is an unsecured Line of Credit (LOC) loan application that assesses the user's credit limit based on factors such as location, income, liabilities, employment status, corporate affiliation, job position, property ownership, and other relevant conditions.

Key Features:

Reasonable Interest Rates:
Borrowers have the flexibility to apply for a specific amount and choose the actual sum they wish to borrow from the credit line, paying interest solely on the withdrawn amount, not the entire credit line.

Flexibility in Repayment:
Borrowers can opt to repay the entire outstanding balance in a single payment or make minimum monthly repayments with the option to pay rollover/delay fees. This flexibility allows users to make decisions based on their budget or cash flow situation.

Security Measures:
User information is treated with utmost importance. All data is stored and transmitted using 256-bit SSL security encryption, ensuring confidentiality. Information will never be shared without the user's explicit permission.

Line of Credit Example:
For a loan amount of ₹6,000, credit line amount of ₹36,000, maximum APR of 18.25% per annum, and a loan tenure of 120 days:
Interest = ₹6,000 x 18.25%/365 x 120 = ₹360
Processing fee = ₹100
GST = ₹100 x 18% = ₹18
Total repayment in 120 days is ₹6,000 + ₹360 + ₹100 + ₹18 = ₹6,478. Notably, Cash Box calculates interest solely on the withdrawn amount of ₹6,000.

Product Details:
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 Determination:

The credit line limit is established considering the user's location, income, liabilities, job, employment, corporate affiliation, company position, property, and other relevant factors.
Providing more accurate information enhances the chances of receiving a higher credit line.

Credit Line Restoration:
Once the loan amount is repaid and settled, the line of credit is immediately restored.

Eligibility Criteria:
To avail of Cash Box services, individuals must meet the following criteria:
Indian citizenship and age above 18 (with a PAN card)
Possession of a bank account to receive instant cash
A steady source of personal income every month
Application Process:

Download the Cash Box App and complete the installation.
Register with your mobile number and grant basic permissions.
Submit KYC documents for information integrity checking (typically completed in less than 5 minutes).
Accept Cash Box's terms and agreements, then determine the required loan amount.
Await the determination of total credit line limits, a process usually completed in less than 2 working hours.

Contacts
Email: [email protected]