CashRoom

About CashRoom

【APP Introduction】
CashRoom is a platform that focuses on serving users who need short-term loans. It will provide users with safe and reliable loan services.
Ideal: Establish a healthy and good lending relationship between the platform and users.

【Application Conditions】
1. Citizens holding a Myanmar identity card
2. Age must be between 18-55 years old
3. Ability to repay

【Application Purpose】
1. Download the app (CashRoom)
2. Fill in your real information
3. Apply for a loan within the app
4. After approval, the loan amount will be transferred directly to the user's bank account

【Product Description】
Loan amount - 20000 to 80000 MMK
Loan term - 91 days to 365 days
- APR: 3% to 12% per annum
- Management Fee - 1% to 5%
Late Fees Late fees of up to 0.1% per day (up to 18% of the overdue amount) are charged. There are no other secret fees on your loan.
- Users will only be penalized for late payment of scheduled payments.

【For Example】
If the loan amount is MMK 50000 for 180 days (6 months), the APR is 10%, the interest and total amount to pay on the due date is
Interest: MMK 50000 * 10% / 365 * 180 = MMK 2466
Principal repayment = MMK 50000
Total amount of repayment: MMK 50000 + MMK 2466 = MMK 52466
As the repayment period is for 6 months:
Monthly repayment is MMK 52466 / 6 = MMK 8744

【Information Security】
User information is absolutely safe.
All information is encrypted and protected, and we do not share user data with any third parties.