GoodCash: An Innovative Loan Service Platform
GoodCash is a free Android application developed by Bahadur Chandra Surana, designed to provide easy loan acceptance services. It is a flexible platform that allows users to choose the loan amount and duration according to their needs. The application offers loans ranging from 500 to 20,000, with a repayment period of 91 days to 365 days. The annual percentage rate (APR) ranges from 10% to 25%. It is important to note that only fines will be imposed if someone delays the payment.
The GoodCash application provides a cost calculator that helps users determine the total interest and payment amount. For instance, if the loan amount is 1,000 for a period of 91 days (3 months) with a 10% annual interest rate, the interest paid on the due date and the total amount isThe principal repayment is 1,000, and the total payment is 1,The monthly installment for a repayment period of 3 months is.
