Slice Personal Loan App

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:

FeatureDetails
App NameSlice-Personal Loan App
DeveloperSanchez Martinez Maria Fernanda
Launch DateMarch 2024
Total Installs87,000
Downloads (Last 30 Days)87,000
Current RankNot in top ranks
Rating3.97 out of 5 stars
Number of Ratings580
Last UpdateMarch 25, 2024
Content RatingHigh Maturity
PriceFree
Loan Amount RangeRs. 10,000 to Rs. 15 lakh
Interest Rate Range11.99% to 22.99% per annum
Repayment Tenure4 months to 1 year
Processing Fee ExampleRs. 1,00,000 loan at 13% interest for 1 year: Processing fee Rs. 2,360 (including GST)
Line Setup ChargesRs. 588 (including GST)
Monthly EMI ExampleRs. 8,932
Total Interest ExampleRs. 7,181
Total Repayment ExampleRs. 1,10,129
Maximum APR22.99%
Lending PartnersQuadrillion Finance Private Limited
Key FeaturesCollateral-free loans, 100% digital process, flexible EMI tenure, interest only on borrowed amount
ComplianceRBI guidelines
UsagePay 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.

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