Trusty Cash: Instant Personal Loan Platform
Trusty Cash is an iPhone application designed to provide users with instant personal loans, facilitating quick loan approvals without collateral. The platform connects borrowers with registered Non-Banking Financial Companies (NBFC) approved by the Reserve Bank of India (RBI), ensuring a secure and efficient loan process. Users can apply for loans ranging from Rs 10,000 to Rs 48,000 with minimum documentation, and funds can be disbursed in as little as 10 minutes, making it a convenient option for those in need of quick financial assistance.
The application features a flexible repayment period from 91 days to 365 days, with interest rates varying between 10.95% and 29.2% APR. Eligibility criteria include being an Indian citizen aged 18 to 45, possessing a stable income source, and having necessary identification documents. Trusty Cash prioritizes user security by employing bank-level encryption to protect personal information, ensuring that data is not shared with third parties without consent.
