NanoCASH

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 personal loans ranging from MUR 10,000 to MUR 25,000 in Mauritius, a tenure of minimum 90 days and maximum of about 180 days, 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 don't 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
MUR10,000 loan repayable over 6 months.
• A processing fee of MUR500/-.
• 6 monthly payments of MUR1,755/-.
• Fixed rate of interest of 1.50% per month.
• Maximum Annual Percentage Rate (APR)=21%.
• Minimum Annual Percentage Rate (APR)=14%.
• Total amount repaid MUR10,530/-.
• Loan repayment period is maximum 180 days and minimum 90 days.

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/