CashCloud: Your Loan Assistant for Daily Consumption and More
CashCloud is a free Android application developed by CASHCLOUD. It falls under the category of Business & Productivity with a subcategory of Finance. This app aims to assist users with their daily consumption, entertainment, travel, and other loan needs.
One of the main features of CashCloud is the ability to provide loans ranging from 10,000 TZS to 1,000,000 TZS. The loan term options offered are between 91 to 180 days. The annual interest rates for these loans range from 12% to 18%. It is important to note that users must be 18 years or older to qualify for these loans.
To give an example, if a user takes a 180-day loan with a principal amount of 10,000 TZS and an annual interest rate of 12%, the total interest to be paid would be calculated as follows: 10,000 * 12% / 365 * 180 = 592 TZS. Therefore, the total repayment amount would be 10,000 TZS (principal) + 592 TZS (total interest) = 10,592 TZS.
CashCloud also emphasizes the security and privacy of its users. They have implemented a complete credit reporting and security risk monitoring system, ensuring that only trustworthy users can access their services. Additionally, the application requires Tanzanian citizens who are 18 years or older and have a Tanzanian bank card to be eligible for the loans.
For any further inquiries or information, users can contact CashCloud via email at Their physical address is located in Bahi DC, Nondwa, Tanzania. The business hours of CashCloud are available 24/7, providing convenience to its users.
