GotoCash loan app

GotoCash Loan Personal Credit Loan app

GotoCash loan App Description

GotoCash is a mobile based Instant Personal Loan app

Applicant can apply for a Personal Loan up to Rs 50,000 anytime from anywhere.
The applicant can apply only online, on approval of the loan after the apps verification formalities the fund is immediately transferred to your bank account.

Eligibility and benefits

• All indian Citizens are eligible to apply for loan from Gotocash app
• even people with low credit history or without a credit history can apply
• Decision about loan sanctioning don’t take more than 5 minutes.
• On approval of the loan sanctioned amount is immediately tansferred to the applicant bank account.
• GotoCash offers convenience of multiple repayment methods
• if the Loan is returned before the time its been taken for their is no penalty imposed on the borrower.

Gotocash loan app -Loan availibility and interest charges

• Applicant can apply for the loan amount from as low as Rs 2000 to Maximum of Rs50,000
• Tenure-minimum time for which the loan can be taken is of 62 days(including renewable period) and maximum time is 182 days(including renewable period)
• Interest charges-maximum annual interest rate is 0.095% per day or 34.7% per annum
• processing fee-up to 16% of the sanctioned amount+18% GST
• forexample if loan of Rs 5000 is taken for 91 days then the interest payable is 5000*34.7/365*91=432.25 means that the Maximum annual percentage rate is 182%

How GotoCash loan app works

step 1– Install GotoCash Loan app from Google Playstore

step 2 register yourself via your Mobile

step 3 Fill the information required and upload the relevant documents

step 4– e-sign the agreement

step 5– Get cash on approval

Documents needed for GotoCash Loan app

• Aadhaar card(its for your address proof verification)
• Pancard(Identity Proof)
• A bank account to transfer the fund and future interactions.
• A selfie to be taken and submitted via your mobile

Pros and cons

GotoCash Loan app provides fast and secure Loan within a short span of time.

the interest rate charged is very high

GotoCash Loan App details

GotoCash app	details
Requires Android	5 and up
App size	32M
Rating on playstore	4.3*
current version	v1.17.0
installs	1000000+

GotoCash Customer Care Details

• emailid-cc@gotocash.in
• Hotline: +91-9667799012
• Address: SF-221, 2-floor, IT Complex, JMD Megapolis, Village Tikdi, Sohna Road, Gurgaon Haryana – 122018 India.

Security

• Their process is highly compliant with industry-standard security protocols.
• Data is transported over secured https connections.
• All the transactions are secured via 256-bit SSL encryption.
• They do not share your data without consent.

Conclusion

Gotocash is an user friendly Loan app with instant solution to the fund requirement .

heavy interest rate and short term loan period are two disadvantage of opting for it, its advisablt to caompare it with other app and then apply for the Loan.

FAQ