Chaar Cash offers eligible users in India a mobile way to organise important information throughout the personal loan process. From submitting an application to reviewing available terms and checking repayment obligations, users can access relevant loan details through one mobile platform.
To request a loan, users enter the information required for assessment and provide supporting documents where necessary. The submitted application is considered under the applicable verification, eligibility, KYC, and credit assessment process. If terms are made available, users can review the relevant loan information before confirming their decision.
Loan Information Available in Chaar Cash:
*Application Details
Users can submit the requested information and supporting details needed for the loan assessment process.
*Offer Review
Available terms can be checked before acceptance, including the sanctioned amount, loan duration, interest rate, APR, applicable charges, due dates, and total repayment amount.
*Application Updates
Users can view relevant changes to their application status during the review process.
*Repayment Records
The app provides access to repayment schedules, upcoming dues, payable amounts, completed payments, and available loan history.
*Account Information
Eligible profile and account details may be reviewed or updated according to the procedures provided in the app.
Loan Product Information:
*Loan Duration: 91 to 360 days
*Maximum Loan Amount: ₹5,00,000
*Processing Fee: Up to 1% of the sanctioned amount, plus applicable GST
*Maximum APR: Up to 36% per annum, including applicable interest and charges
*Repayment Arrangement: As stated in the Key Facts Statement and loan agreement
The amount offered, loan duration, annual interest rate, APR, processing charges, GST, repayment dates, instalments, and total amount payable may vary according to the application result and final terms presented to the user.
Example Scenario:
For a loan of ₹40,000 taken out at an APR of 35.15% for a period of 150 days, the monthly installment (EMI) would be approximately ₹9,156. Before the funds are disbursed, a processing fee of ₹400 plus ₹72 GST on this fee is deducted, bringing the actual amount received to ₹39,528. Over the course of the loan, you would repay a total of ₹45,778, which includes ₹5,778 in interest. Consequently, the overall cost associated with the loan amounts to ₹6,251.
This illustration does not represent a guaranteed loan offer. Actual borrowing costs will depend on the approved terms. Any applicable processing fee, GST, and other disclosed charges will be reflected in the final loan information and total payable.
Privacy and Customer Care:
Personal information is handled in accordance with the Chaar Cash Privacy Policy. Depending on the service process, data may support KYC, identity checks, application evaluation, fraud prevention, loan administration, repayment servicing, and account support.
Applicant Information:
To submit an application, users should generally:
* Live in India
* Be at least 18 years old
* Have valid government-issued identification
* Maintain a bank account in their own name
* Use an active Indian mobile number
* Submit correct and complete information
These basic conditions do not mean that a loan will automatically be approved. Additional verification or information may be required during the assessment process.
Important Information Before Borrowing:
Take time to review the Key Facts Statement, loan agreement, APR, fees, repayment dates, cooling-off terms, penal charges, and total payable before accepting any offer.
Consider your financial situation and ability to make repayments when choosing a loan amount. Failure to repay as scheduled may lead to applicable charges and could affect future credit availability.
Our team can be reached at contactus@chaarchinarin.com for assistance related to the app or your account.
