SimplyCash - Personal Loan App
Posted by Ankit Verma on November 23rd, 2021
Loan Amount: ?50,000 - ?1,50,000
Tenure (Repayment Period): Min. 6 months – max. 24 months
Interest Rate: (APR) Maximum rate of interest 25% per year
Processing Fee: 2.5% of loan amount + taxes as applicable
SimplyCash, powered by Hero FinCorp, is an online personal loan app that will help you with an instant personal loan in just 3 simple steps. Get an Instant Cash Loan up to ?1.5 Lakh disbursed directly into your bank account with our super affordable personal loan interest rates.
How SimplyCash differs from other Personal Loan Applications?
• Powered by one of the fastest-growing financial services company – Hero FinCorp
• Part of one of the most trusted business houses of the country – Hero MotoCorp Group
• Instant personal loan anytime
• Completely digitized loan process
• Real-time approval of your loan application
• Quick response to customer queries
• KYC process takes a few seconds to complete
Types of Loan
??Instant Cash Loan or Small Loan
??Emergency or Urgent Loan
??Easy sign-up, login & application process
??Hassle-free & Quick disbursal in few hours
??Get funds directly to your bank account
??No physical documentation required
??Customise your loan amount & EMI
??Collateral free or unsecured loan
??Get personal loans up to ?1,50,000
Benefits & Risks
Financial crisis and emergencies are unpredictable. Ensure you keep a loan app handy for online application of instant loans. Get an instant loan up to ?1.5 Lakh (depending on your credit score) disbursed into your bank account.
Documents required for an instant personal loan:
No physical document required!
How does it work?
The entire personal loan application through SimplyCash is app-based. From signing up to loan disbursement, everything in just a few steps.
Step 1 – Install the app from ‘Play Store’
Step 2 – Choose a loan amount (up to ?1.5 Lakh) & preferred EMI
Step 3 – Enter your basic details such as Name, Income, Purpose of loan & PAN Card number
Step 4 – Complete your KYC process
Step 5 – Input your Bank Account details
Step 6 – Real-time approval of the loan
Step 7 – Digitally sign e-Mandate and Loan agreement
Step 8 – Amount credited to your account
For instance, you borrowed a personal loan of ?1,00,000 for 12 months at the interest rate of 25% per annum you would pay:
Total payable interest - ?14,060
Total payable amount - (Loan + Total Payable Interest + Process fee) = ?1,16, 560 (excluding GST)
EMI - ?9,505 (excluding process fee + GST)
SimplyCash enables you to:
??Buy a new gadget you have been dreaming for a long time
??Unwind at an exotic location with your family or friends
??Manage your wedding expenses
??Get new furniture for your home
??Meet any other emergency expenses
Who can apply?
• Salaried employees with or without any credit history
• Self-employed with a credit history