Why Risk Credit Card Debt When You Can Avail Instant Loan

Credit card debt is a vicious circle. Once pulled into it, the borrower finds its very difficult to come out of it. Credit card companies or banks that provide credit cards charge exorbitant interest rates on credit borrowed. Monthly credit card interest rates are 3.49% on average. That sums up to 41.88% annually. The monthly percentage rate and average percentage rate of credit taken using credit cards has made people lose more money than they have borrowed. But why? Let’s take a look.

Where do people lose money with credit cards?

All is well if you pay the total amount due on your credit card well before the due date. No interest is charged. Credit cards levy interest:

• If you miss paying the outstanding amount by the cut-off date or due date.
• When you pay only the minimum due amount, the other unpaid amount is charged with interest.
• When you pay much lesser than the minimum amount due, the unpaid amount is charged with interest.
• When you withdraw cash using your credit card, you are charged. Some credit card companies increase the charges with every subsequent cash withdrawal.
• When your previous month’s due amount is carried forward, the total due amount is charged with interest.

Why Cashe is not just an alternative, but a replacement for getting ready credit?

Cashe offers instant loan products at very convenient rates. The interest rates of Cashe personal loans are as follows:

Loan tenure

Rate of interest

15 days

1.75%

30 days

3.25%

90 days

2.75%

180 days

2.50%

For a 180 day loan, the maximum interest is 2.50%. Compare that with a credit card per month interest rate of more than 3%. For 180 days, you could potentially pay 180% interest. That’s a huge loss. You are making the credit card company richer, and for no reason. This is specifically why you should stop thinking in terms of credit cards. Start on a good note by downloading the Cashe online personal loan app.

Why is Cashe instant personal loan better than a credit card debt or credit card loan?

Logically speaking, Cashe instant personal loan has zero risks. Your payment schedule is structured. Over some time, you pay lower interest. You get instant money, and that itself is empowerment. Of course, credit cards also give you instant money, but credit card companies also give you a lot of hardship if you miss the due dates. With Cashe, you can’t miss the due dates for sure, but you won’t be as timid and fearful as when dealing with credit card debt. Remember that when borrowing money, always exercise financial discipline. Otherwise even a convenient money lending app such as Cashe may also not be able to help you!

Do I need to provide collateral security?

Cashe is a unique platform that disburses instant personal loan products based on a person’s social quotient. This means that if Cashe is disbursing the loan to you, it trusts you. And you can build the trust over some time if you pay your loans regularly with Cashe. The more regular you are in your payment, the more you win the trust of Cashe, and the more the chances of you getting loans in the future.

So in a nutshell, Cashe online personal loan app trusts you when giving the loan. You only need to provide your salary slips, KYC details, your social platform profiles, etc. Before taking a loan, think for a moment – "Will you be able to pay the loan amount diligently?" If yes, go ahead and use Cashe at your free will. Because this is the best thing that will have happened to you.

Mumbaikar, MBA Student, Traveler, Foodie, & all I need is Coffee and Mascara.