Welcome to Sun Wallet, the most efficient and reputable online fast cash lending application in Bangladesh. With Sun Wallet, borrowing money has never been easier and more convenient. With just a few clicks, you can receive a loan of up to BDT 2,00,000 with flexible interest rates and terms.
Moreover, Sun Wallet has the capability to assess and approve loans within 2 minutes, saving you time and quickly addressing your financial needs. Come and experience the convenience and security of financial services with the Sun Wallet App.
- Email: [email protected].
- Address: Shipping Corporation Residential Area, Khulna, Bangladesh
If you have any questions, need support, or require advice, please feel free to contact Sun Wallet through the provided contact channels.
Loan Information and Conditions at Sun Wallet
Below is the latest updated information about Sun Wallet for everyone to refer to before applying for a loan, as follows:
Sun Wallet offers loans with low and competitive interest rates, especially when compared to other units and organizations. The specific interest rate ranges from 6% to 25% per year. The interest rate on the loan will depend on the customer’s borrowing limit within the application. Higher borrowing limits will have lower interest rates, and vice versa. Additionally, Sun Wallet provides various favorable interest rate policies for its customers.
Borrowing Limit and Repayment Period
Sun Wallet provides loans with a borrowing limit ranging from 5,000 BDT to 200,000 BDT, giving customers multiple options to suit their needs. The loan term at Sun Wallet ranges from 91 days to 390 days, allowing customers to have a longer repayment period and save on interest costs.
For instance, if you borrow 10,000 BDT with an APR of 12% (per annum) and a loan term of 110 days, excluding service fees:
- Monthly interest on the loan = 10,000 BDT x 12% / 365 x 30 = 99 BDT
- Monthly repayment amount = 10,000 BDT / 110 x 30 + 10,000 BDT x 12% / 365 x 30 = 2,826 BDT
- Total interest on the loan = 10,000 BDT x 12% / 365 x 110 = 362 BDT
- Total amount to repay = 10,000 BDT + 10,000 BDT x 12% / 365 x 110 = 10,362 BDT
Loan Eligibility Criteria
To be eligible for a loan, individuals must meet the following conditions:
- Age between 20 and 60 years, and a citizen of Bangladesh
- Possess complete and valid KYC documentation
- Have a bank account and an e-wallet
- Have a stable income or demonstrate the ability to repay the loan
- No bad debts or overdue debts with other credit units or organizations.
Note: The information provided here is subject to change and should be confirmed with Sun Wallet directly for the most up-to-date details.
Pros and Cons of the Application
- Provides convenient and flexible features when applying for loans.
- Customers can easily manage their finances, loan history, limits, and payments through the application.
- Saves time for customers when borrowing money online due to quick registration and simple procedures.
- No collateral or assessment of relatives or friends required when applying for loans online.
- Offers competitive interest rates for loans, helping customers save costs when borrowing and repaying.
- Stringent loan conditions, leading to many customers not meeting the eligibility criteria.
- Higher interest rate policies compared to banks and other financial institutions, making borrowing more expensive.
- The application may encounter errors during usage, causing difficulties for customers when applying for loans or using the services.
How to Apply for a Loan at Sun Wallet
Applying for a loan at Sun Wallet is simple and convenient. Below is the step-by-step guide to applying for a loan at Sun Wallet:
Step 1: Download and install the Sun Wallet App on your mobile phone from cashloanapp.net
Step 2: After logging in and successfully creating an app account, select “Apply for a loan” on the home screen of the application.
Step 3: Enter the loan amount and repayment term in the Sun Wallet App.
Step 4: Fill in personal information and relevant loan details, including:
- Full name, Date of birth, Address, Email…
- Phone number, Bank account number…
- Financial income, loan purpose, and workplace details…
- National identity card image, portrait photo.
Step 5: Wait for the review and approval process. During this stage, Sun Wallet will verify your information to ensure accuracy and reliability.
Step 6: Once the loan is approved, Sun Wallet will transfer the borrowed amount to your bank account.
During the loan application process at Sun Wallet, make sure to provide accurate and complete personal and loan information. This way, the loan approval and review process can be carried out quickly and effectively.
Some Questions at Sun Wallet App
How long does it take to receive the disbursed amount?
As far as we know, once the loan is approved, the disbursed amount will be transferred immediately. Typically, you will receive the money within 15 to 30 minutes after receiving the successful approval notification. However, this time frame may vary depending on the bank you use and the processing time of the electronic payment service provider.
Is it advisable to borrow from Sun Wallet?
Whether or not to borrow money should depend on your needs and ability to repay. If you need a short-term loan and can make timely repayments, Sun Wallet can be a suitable choice. However, before deciding to borrow money, it is essential to thoroughly research the terms and related fees of the loan to avoid any unforeseen risks.
What should I do if I receive a successful notification but haven’t received the money?
In the event that you receive a successful loan contract notification on the Sun Wallet app but haven’t received the loan amount in your account, it may be due to technical issues or other concerns. In this case, you should contact Sun Wallet’s customer support team to seek assistance and resolve the situation.
Can I make early repayments?
You can make early repayments for the loan at Sun Wallet anytime. To make an early repayment, you can contact Sun Wallet’s customer support to get guidance on the payment process and settlement fees. Typically, you may need to pay a small fee if you wish to contribute early. Making early repayments not only helps reduce interest costs but also improves your chances of getting approved for future loans if needed.
Sun Wallet is a convenient and flexible loan application in Bangladesh. Its advantages include a simple loan registration process, financial control through the app, competitive interest rates, and the option for early repayment. However, users should be mindful of the stringent loan conditions and higher interest rate policies compared to some other banks. This calls for careful consideration before deciding to use Sun Wallet’s services.