HirenCash

"HirenCash is a mobile platform for eligible users in India who wish to manage their personal loan application journey digitally. The app brings together application details, available loan information, progress updates, repayment schedules, and loan records for easier access.

Users can provide the required information and supporting documents through their mobile device. Submitted details may go through KYC, verification, eligibility, and credit assessment procedures. Where a loan offer is made available, its key financial terms can be reviewed before the user decides whether to proceed.

Basic Requirements
• Be at least 18 years old
• Reside in India
• Have an active Indian mobile number
• Hold a valid government-issued identity document
• Have a bank account in their own name
• Provide accurate and complete information

Meeting these requirements does not ensure loan approval. Applications remain subject to verification, assessment, and the applicable credit decision process.

Loan Details
• Maximum Loan Limit: Rs. 1,00,000
• Loan Duration: 91 to 360 days
• Maximum APR: Up to 36% per annum, including applicable interest and charges
• Processing Fee: Up to 1% of the sanctioned amount, plus applicable GST
• Repayment Terms: According to the Key Facts Statement and final loan agreement

Loan terms may differ between users. The sanctioned amount, tenure, interest rate, APR, processing fee, GST, instalment amounts, payment dates, and total payable will depend on the final assessment and available offer.

Detailed Loan Calculation Example
Let's break down a Rs. 10,000 personal loan with a 4-month repayment term at an illustrative annualised interest rate of 32.12%:
• Processing Fee (1%): Rs. 100
• GST on Processing Fee: Rs. 18
• Total Deductions (Processing Fee + GST): Rs. 118
• Amount Disbursed: Rs. 9,882 (Processing fee and GST deducted upfront)
• Total Interest Payable: Rs. 1,056
• EMI (Monthly Installment): Rs. 2,764
• Total Repayment Amount: Rs. 11,056

This example is provided for general illustration. The actual cost of borrowing will be based on the final terms shown before acceptance. Applicable fees, GST, and other disclosed charges will be reflected in the Key Facts Statement and total payable.

Using HirenCash

Submit Your Information
Provide the requested personal and financial details and complete the required steps for your application through the app.

Check the Available Offer
If an offer is available, users can examine the sanctioned amount, tenure, interest rate, APR, charges, repayment dates, and total amount payable before proceeding.

See Your Current Status
Follow relevant application updates, including assessment, approval, decline, disbursal, or completion where applicable.

Keep Repayment Details Handy
Access instalment information, upcoming payment dates, payable amounts, and previous loan records from within the app.

Manage Your Account
Review or update permitted profile, contact, and account information when required.