Minute cash loan app will give you instant loan without collateral or guarantor. As the name of the app implies, your loan will be disburse within 30 minute of successful application.
You don’t need to leave your location before you will obtain this loan, with your smart phone you are good to go. With this loan app you can obtain loan of up to Rs100,000 at a go.
Before you can obtain loan from this loan app you need to meet up with some requirement which are
Once you meet up with this requirement you can go ahead and apply for the loan
The first step to take is to head over to play store and download the loan app
Register with your name, bvn and other details
You will be ask to bind your ATM card, do so and proceed
Once you are done with registration you will be login to your account
On your dashboard locate and click on loan
There you will see amount of loan you are eligible to obtain
Click it and wait for disbursement
With minute cash loan app, you can obtain up to Rs 100,000 but if you are applying for the first time your loan amount will be around Rs 30,000, as you continue to use the app , your eligible loan amount will be Increase.
Minute cash loan interest rate is between 5% to 30% depending on the amount of loan obtain and the repayment period.
The repayment period is between 7 days to 365 days also depend on the amount of loan obtain.
Your repayment periods will be short and your interest rate will be high if you are applying for the first time. As you continue to use the loan app it will improve.
To payback your loan head over to your dashboard
Click on loan repayment
There you will see deferent option to pay back your loan
Click on one and make payment
Once you make payment it wil reflect on your dashboard
If it does not you should contact them.
If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.
If you abscond, your name and bank details will be send to appropriate authority for blacklisting which means you will not be able to obtain loan again in India until you pay back and clear your name.
Yes, minute cash loan app is legit but as at the time of writing this article they are not license appropriate authority
Minute cash koan app is legit they will surely give you loan, they have given loan to many people in India.
Their loan application is easy you don’t need to leave your location, with your smart phone you will obtain the loan.
They do not harass their customer but since they are not license by appropriate authority I will advice you to exercise caution when taking loan from this app.
Above is how to obtain loan from minute cash loan app, though they do give loan, I will advice you to take loan that you know you can pay back to avoid embarrassment and had I know.
Also know that are not license by appropriate authority, if t is things go wrong it will take time before government will interfere.
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