Cash Tap - Mobile Loan Coach 1.1

The Cash Tap - Mobile Loan Coach app serves as a valuable resource for individuals seeking immediate information regarding various loan options directly from their mobile devices. This application stands out as a swift and user-friendly personal loan advisory tool, recognizing that opportunities for financial assistance often arise unexpectedly.

Cash Tap - Mobile Loan Coach assists users in obtaining relevant information on how to apply for loans online with minimal documentation, which is particularly beneficial for those in urgent need of cash. The app caters to young professionals by providing a comprehensive platform for online loan applications.

Furthermore, the app encompasses a variety of informational categories, including:

• All types of Loans
• Loan Services (EPF services and EPF Online)
• Bank IFSC code information
• Loan Calculator
• Required Documents for Loans
• Mutual Funds and SIPs
• Nearby Loan Services

The following descriptions summarize specific loan types available through the app:

Home Loan: A home loan provides financing options for purchasing a residential property.

Education Loan: This loan is designed to cover costs associated with post-secondary education or higher learning expenses.

Business Loan: Tailored for business purposes, these loans incur a debt that must be repaid with interest.

Car Loan: Commonly referred to as an auto loan, this financing option is specifically for acquiring a vehicle.

Gold Loan: This type of loan is secured by gold ornaments or coins accepted under RBI guidelines, allowing borrowers to utilize the funds for personal or business needs without speculation.

For instance, considering a principal amount of ₹10,000 at an interest rate of 15% per annum over 100 days, the daily interest would be calculated as follows: Daily Interest: ₹10,000 x 15% / 365 days = ₹4.11; Total Interest: ₹4.11 x 100 days = ₹411; Daily Repayment: ₹10,000 / 100 days + ₹4.11 = ₹104.11; therefore, the Total Repayment amounts to ₹10,411.

Monthly Payment Example: Starting from April 1, the monthly repayment would break down as follows:

• April: 30 days x Daily Repayment = ₹3,123.30
• May: 31 days x Daily Repayment = ₹3,227.41
• June: 30 days x Daily Repayment = ₹3,123.30
• July: Surplus Payoff: Total Repayment - (April + May + June) = ₹936.99

The Cash Tap - Mobile Loan Coach app also enables users to apply for loans using their Aadhar card while staying informed about diverse loan-related information accessible anytime and anywhere.

The app additionally provides insights into various mutual fund schemes, including passive options like the Nifty 50 Index Fund and other fund variants.

Please note: This application serves solely as an informative guide and does not facilitate direct loans to users. It is not affiliated with any loan provider and does not collect personal user information through its use.

Thank you for exploring Cash Tap - Mobile Loan Coach.