Slice Personal Loan App | Slice-Personal Loan, a finance application developed by Sanchez Martinez Maria Fernanda, has garnered 87,000 installs since its launch in March 2024. In the past 30 days alone, the app has seen about 87,000 downloads, although it has yet to achieve top ranking status.
Slice Personal Loan App
Here’s a detailed table summarizing the Slice Personal Loan App:
| Feature | Details |
|---|---|
| App Name | Slice-Personal Loan App |
| Developer | Sanchez Martinez Maria Fernanda |
| Launch Date | March 2024 |
| Total Installs | 87,000 |
| Downloads (Last 30 Days) | 87,000 |
| Current Rank | Not in top ranks |
| Rating | 3.97 out of 5 stars |
| Number of Ratings | 580 |
| Last Update | March 25, 2024 |
| Content Rating | High Maturity |
| Price | Free |
| Loan Amount Range | Rs. 10,000 to Rs. 15 lakh |
| Interest Rate Range | 11.99% to 22.99% per annum |
| Repayment Tenure | 4 months to 1 year |
| Processing Fee Example | Rs. 1,00,000 loan at 13% interest for 1 year: Processing fee Rs. 2,360 (including GST) |
| Line Setup Charges | Rs. 588 (including GST) |
| Monthly EMI Example | Rs. 8,932 |
| Total Interest Example | Rs. 7,181 |
| Total Repayment Example | Rs. 1,10,129 |
| Maximum APR | 22.99% |
| Lending Partners | Quadrillion Finance Private Limited |
| Key Features | Collateral-free loans, 100% digital process, flexible EMI tenure, interest only on borrowed amount |
| Compliance | RBI guidelines |
| Usage | Pay bills, recharge mobile, purchase electronics, and home appliances |
This table encapsulates the primary details and features of the Slice Personal Loan app.
The app, which holds a rating of 3.97 out of 5 stars from 580 ratings, offers personal loans ranging from Rs. 10,000 to Rs. 15 lakh with interest rates between 11.99% and 22.99% per annum. Users can choose from flexible repayment plans spanning from four months to one year.
A practical example of the app’s loan structure includes a Rs. 1,00,000 loan at a 13% interest rate with a one-year repayment period. This loan incurs a processing fee of Rs. 2,360 (including GST), line setup charges of Rs. 588 (including GST), and a monthly EMI of Rs. 8,932. The total interest amounts to Rs. 7,181, leading to a total repayment amount of Rs. 1,10,129.
The app emphasizes a fully digital, collateral-free loan process that adheres to RBI guidelines. It allows users to apply for loans online to meet various financial needs, such as paying bills, recharging mobiles, and purchasing electronics. Slice-Personal Loan partners with RBI-registered NBFC loan partners like Quadrillion Finance Private Limited to offer these financial solutions.
In addition to its flexible EMI tenure and digital process, Slice-Personal Loan stands out by charging interest only on the borrowed amount, helping to minimize unnecessary interest expenses. The app, available for free download and rated for high maturity content, last updated on March 25, 2024, continues to simplify financial management for its users.
| Slice Personal Loan App | Download |