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- instant loan or Emergency loan Vs. REACH -Track Personal Finances
instant loan or Emergency loan im Vergleich zu REACH -Track Personal Finances Nutzung und Statistiken
Important Notice: Please note that we do not lend any money through our app, The app is designed only to existing customers to get details about their existing loans, EMIs, and repayment schedules
Vizzve microseva foundation section 8 microfinace company, is the provision of financial services to low-income clients or solidarity lending groups including consumers and the self-employed, who traditionally lack access to banking and related services. It is not just about giving micro credit to the poor rather it is an economic development tool whose objective is to assist poor to work their way out of poverty.
Should visit our branch to take loan app
Rates & Charges
Minimum loan amount - Rs 5,000 /-
Maximum loan amount - Rs 1,00,000 /-
Tenure - 90 Days to 365 Days.
Processing fee - 5% to 8% of loan amount.
Rates & Charges
No pre - closure charges
No prepayment charges
ROI (Rate of interest) @ 1.5% to 2.92% Monthly
APR (Annual Percentage Rate) @ 18% to 35%.
Cheque bounce charges: Rs. 1000/-
How is APR determined?
Annual percentage rate (APR) is determined based on your credit score, the amount you wish to borrow and your steady income. Generally, a good CIBIL score calls for a low APR while a poor CIBIL score means high APR.
Working of Our Rates & Fees
APR reflects the true cost of borrowing money. It includes the annual interest rate, a nominal processing fee and other miscellaneous expenses. APR is usually lower than your credit card interest rate. APR is the actual annual cost of your loan that helps you compare various loan offers from different lenders. We have a APR @ 33.6% per annum.
Monthly Payment Example
Tenure - 12 Months
Loan Amount - Rs.1,00,000
Interest Rate - 2%
Admin Fees - Rs.1000
APR - 24%
Amount credited - Rs. 99000
EMi - Rs. 9456
Total Interest - Rs.13472
from vizzve microseva foundation app you can do:
1. Payment reminders & notifications- You don’t have to worry about missing your payment. Just allow notifications and get payment and due date reminders.
2. Know your loan details- Anytime access to information such as disbursed amount, tenure, outstanding amount, etc
3. Transaction History- Keep a track of all your transactions with us
4. Multiple payment modes- Choose the payment mode you are comfortable with
5. View profile information and edit your profile information
High Level Security
All your data is secured and encrypted We do not share or sell any of your personal information with 3rd parties.
Support
Need help?
Support@vizzve.com
Complaint grievance@vizzve.com
Address : 1st Main 1st Cross, Off, Koramangala Ring Road viveknagar post, Ashwini Layout, Ejipura, Bengaluru, Karnataka 560047
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Your best life is possible, no matter your income. Learn to spend smarter and increase your net worth.
Do you consider yourself Adventurous? Goal-oriented? Dauntless? Then you need the financial freedom to hit the bullseye 🎯 with your badassery. If you're ready to move your finances to the next level,💸 then the REACH app is for you.
Become a master 💪🏾 of your financial life. Knowledge is power. The more aware you are about how you spend money, the more amazing stuff you can do for yourself.
Where does your money go every week? With the REACH App, now you can see a visual breakdown of where your money is going, and learn to multiply your cash.
● Automatically and manually track your income and expenses 👌🏾
● You can even better manage transactions by re-categorising your expenses
● Set up your budget and we promise to help you stay on track 😉
● Short on cash? Building a credit profile? No worries, get a short term loan on REACH in under 3 minutes 🏦
● Review your favourite local business or see what others are saying about businesses in your area 🗞🗞🗞 🛍
● Get a personalised financial plan no matter your financial needs.
● Sort out how much you can spend without going broke.
This app is a spending tracker and budget tool, bringing all that power to you in a clear interface that tells you what you spend, where you spend, when you spend it, and how to adjust your spending to meet your life goals. If you get SMS transaction alerts, this app is for you! If you don't get SMS transaction alerts, this app is still for you! 🕶️
We use military-grade, bank-level security protocols to encrypt all transmission of data. We are also paranoid about privacy. Your privacy. All your transaction data is anonymized. And distributed in bits across multiple locations, making it much more secure and impervious to bad guys.
About Safety & Security
REACH does not have any direct access to your bank account. Our algorithm relies on the SMS messages already sitting on your phone. The app cannot access your personal SMS, bank OTPs or passwords. We recognize account numbers because they are contained in the transaction notifications you receive.
Over 50 thousand people have downloaded REACH. Leading banks and financial institutions also trust our technology.
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Dezember 19, 2024