4月29日的CashRoom应用程序分析

【APP Introduction】 CashRoom is a platform that focuses on serving users who need short-term loans. It will provide users with safe and reliable loan services. Ideal: Establish a healthy and good lending relationship between the platform and users. 【Application Conditions】 1. Citizens holding Myanmar or Cambodia identity card 2. Age must be between 18-55 years old 3. Ability to repay 【Application Purpose】 1. Download the app (CashRoom) 2. Fill in your real information 3. Apply for a loan within the app 4. After approval, the loan amount will be transferred directly to the user's bank account 【Product Description】 Loan amount - 20000 to 80000 MMK Loan term - 91 days to 365 days - APR: 3% to 12% per annum - Management Fee - 1% to 5% Late Fees Late fees of up to 0.1% per day (up to 18% of the overdue amount) are charged. There are no other secret fees on your loan. - Users will only be penalized for late payment of scheduled payments. 【For Example】 If the loan amount is MMK 50000 for 180 days (6 months), the APR is 10%, the interest and total amount to pay on the due date is Interest: MMK 50000 * 10% / 365 * 180 = MMK 2466 Principal repayment = MMK 50000 Total amount of repayment: MMK 50000 + MMK 2466 = MMK 52466 As the repayment period is for 6 months: Monthly repayment is MMK 52466 / 6 = MMK 8744 【Information Security】 User information is absolutely safe. All information is encrypted and protected, and we do not share user data with any third parties.