CashX - online loan Sri Lanka 1.47.1

CashX Sri Lanka entered the online lending market in November 2019, offering a streamlined solution for those seeking quick access to funds. The CashX loan application is designed for mobile users, facilitating timely access to cash loans at any hour, promising convenience and security.

This app particularly caters to individuals who prefer mobile transactions over traditional computer-based applications. The interface prioritizes ease of use, distinguishing it from competition by streamlining the borrowing process directly through smartphones and tablets.

CashX aims to provide exceptional service to individuals in urgent financial need, highlighted by a competitive fee structure tailored to accommodate diverse financial situations. The eligibility criteria for obtaining an online loan include:

• Aged between 20 and 60 years
• Currently employed or possessing a steady income
• Accurate personal and bank account information
• A telephone number registered in your name
• A landline number at your workplace
• A valid form of identification, such as a National Identity Card, Passport, or Driving License for verification purposes

The application process is user-friendly with no paperwork required, enabling access to loans 24/7 with an easy sign-up procedure:

1. Download the loan app
2. Register within the application
3. Provide the necessary information
4. Submit a loan request
5. Await approval
6. Receive funds in your account

CashX prioritizes user privacy and security by encrypting all shared data and commits to safeguarding personal information against unauthorized sharing.

This service operates under A V Business Solution Pvt Ltd., a registered Limited Liability Company in Sri Lanka (Registration No. [PV00211145]), located at 47 Alexandra Place Colombo 7.

Regarding loan rates and fees:

• Minimum loan repayment period: 61 days
• Maximum loan repayment period: 90 days (including possible extensions)
• Minimum annual percentage rate (APR) including stock: 3.66%
• Maximum APR excluding stock: 36%

As an illustrative repayment example, for an applied amount of Rs. 10,000 over a comfortable repayment period of 70 days at an interest rate of 2.2% per day, the total cost of the loan would amount to Rs. 25,400 payable in one installment at the end of the term.