Terms & Condition

Last Updated: January 31, 2024

Important:

By using Quick Cash, you agree to these terms. Please read carefully before applying for a loan.

1. Acceptance of Terms

By accessing and using Quick Cash mobile application, you accept and agree to be bound by these Terms of Service. If you do not agree, do not use our services.

2. Eligibility

To use Quick Cash, you must:

  • Be at least 18 years of age
  • Be a legal resident of Bangladesh
  • Have a valid government-issued ID (NID, Passport, or Driving License)
  • Have an active bank account or mobile financial service (bKash, Nagad, Rocket)
  • Provide accurate and complete information

3. Loan Terms

3.1 Annual Percentage Rate (APR)

APR Range: 24% - 36% per annum

The APR is the annual cost of your loan including interest and fees, expressed as a percentage.

3.2 Loan Amount

Loan amounts range from ৳3,000 to ৳50,000, subject to approval and creditworthiness.

3.3 Loan Duration

Loan terms range from 7 to 90 days.

3.4 Representative Example

Example: If you borrow ৳10,000 for 30 days at 30% APR:

  • Loan Amount: ৳10,000
  • Interest (30 days): ৳247
  • Processing Fee: ৳500
  • Total Repayment: ৳10,747

4. Fees and Charges

4.1 Processing Fee

A one-time processing fee of ৳500 or 5% of loan amount (whichever is lower) is charged on loan approval.

4.2 Late Payment Fee

If payment is not received by the due date, a late fee of ৳200 per day will be charged (maximum ৳2,000).

4.3 No Hidden Fees

We do not charge any hidden fees. All costs are disclosed before you accept the loan.

5. Repayment Terms

5.1 Payment Methods

Payments can be made via:

  • bKash
  • Nagad
  • Rocket
  • Bank transfer (NEFT/RTGS)

5.2 Early Repayment

You may repay your loan early without penalty. Interest is calculated only for the days the loan is outstanding.

6. Late Payment Consequences

If you fail to repay on time:

  • Late fees will be charged (৳200 per day, max ৳2,000)
  • Your credit score may be negatively affected
  • Collection activities may be initiated
  • Future loan applications may be denied

7. Default and Collections

If you default on your loan, we reserve the right to:

  • Report to Credit Information Bureau (CIB) Bangladesh
  • Engage licensed collection agencies
  • Pursue legal remedies under Bangladesh law

8. Data Usage

By using Quick Cash, you consent to:

  • Collection of personal and financial information
  • Credit checks and verification
  • Sharing data with CIB Bangladesh and partners

See our Privacy Policy for details.

9. Cooling-Off Period

You have 24 hours from loan approval to cancel without penalty. After this period, standard terms apply.

10. Dispute Resolution

10.1 Customer Support

For issues or complaints, contact us at:

  • Email: support@quickcashin.in
  • Phone: +880-1712-345678
  • In-App: Support section

10.2 Grievance Officer

For formal complaints:

  • Name: Md. Kamal Hossain
  • Designation: Chief Compliance Officer & Grievance Officer
  • Email: grievance@quickcashin.in
  • Phone: +880-1712-345679
  • Address: House 45, Road 12, Banani, Dhaka 1213
  • Response Time: Within 7 working days

10.3 Escalation

If not satisfied with our response, you may escalate to:

  • Bangladesh Bank: +880-2-9530100
  • MRA: +880-2-9143326

11. Third-Party Services

We may use third-party services for:

  • Payment processing (bKash, Nagad, Rocket, SSLCommerz)
  • Identity verification (NID verification APIs)
  • Credit reporting (CIB Bangladesh)

12. Governing Law

These terms are governed by the laws of Bangladesh. Any legal action must be brought in Dhaka courts.

13. Contact Information

  • Company Name: Quick Cash Financial Services Ltd
  • Registered Address: House 45, Road 12, Banani, Dhaka 1213, Bangladesh
  • Email: support@quickcashin.in
  • Phone: +880-1712-345678
  • Registration Number: C-178492/2023
  • Trade License: TRAD/DNCC/2023/089547
  • MRA License: 00049

14. Regulatory Compliance

Quick Cash Financial Services Ltd is licensed and regulated by:

  • Microcredit Regulatory Authority (MRA) - License: 00049 (Since 2023)
  • Bangladesh Bank - Registered Financial Institution

We comply with Bangladesh Bank guidelines on digital lending, MRA regulations, and fair practices code.

By clicking "Accept" or using Quick Cash services, you acknowledge that you have read, understood, and agree to these Terms of Service.