NanoCASH provides an Innovative Digital Lending Platform offered by NanoSAIO Ltd with the aim to give access to Short Term Financing to its Customers.
NanoCASH offers short term loans ranging from MUR 15,000 to MUR 100,000 in Mauritius, a tenure of minimum 4 months and maximum of about 13 months, with Minimum Annual Percentage Rate (APR)=14% and Maximum Annual Percentage Rate (APR)=21%.
Instant Overview
The app gives you instant access to an accurate view of how much you can repay monthly, the processing fees and any other related costs. A full representative loan example is provided below.
Credit score
Loans are based on how much you can afford to repay every month. However, we dont exclude people with limited or poor credit history. Instead we help you define a sustainable repayment plan.
Benefits:
• Simple and Easy loan application
• Quick Approval
• No Collateral required
• Automated Credit Scoring
• User Friendly
Security:
• Enhanced security with the One-Time-Password (OTP).
• MPin / Phone number authentication.
• Real time user face mapping with NIC document picture.
Loan Example
MUR25,000 loan repayable over 7 months.
• A processing fee of MUR500/-.
• 7 monthly payments of MUR4,385/-.
• Fixed rate of interest of 1.50% per month.
• Maximum Annual Percentage Rate (APR)=21%.
• Minimum Annual Percentage Rate (APR)=14%.
• Total amount repaid MUR27,337.42/-.
• Loan repayment period is maximum 7 months and minimum 4 months.
Data usage:
• This application uses your camera to scan your NIC and make a liveliness face match with your ID card during the registration process
• We collect your phone number and email address for authentication and password recovery process.
• We use your phone ID to map, identify and secure all your transactions.
Please see our privacy policy for further details of how we use our customers data: https://nanocash.mu/privacy-policy/