At Fresh Quick Loans, we believe that taking out a loan should be a stress-free experience. That’s why we’ve designed our loan process to be easy, transparent, and convenient. In this article, we’ll be reviewing 79Cash, a lending platform that offers short-term loans to individuals. We’ll take a look at the company’s background, loan options, fees, and customer service, as well as how they compare to Fresh Quick Loans.
79Cash is a lending platform that provides short-term loans to individuals who need quick access to cash. The company was founded in 2015 and is based in Hong Kong. 79Cash operates under the parent company, Wing Fung Financial Group, which is a licensed money lender in Hong Kong.
79Cash offers short-term loans that range from $ 1,000 to $ 100,000, with repayment terms that vary from seven days to 12 months. The loan amount and repayment term are dependent on the borrower’s creditworthiness and financial situation. To apply for a loan, borrowers must fill out an online application form and submit the necessary documents, including proof of income and identity.
79Cash charges an interest rate of up to 60% per annum, which is a high rate compared to other lenders. In addition to the interest rate, the company also charges various fees, including a handling fee, a late payment fee, and an early settlement fee. The handling fee is charged at the time of loan disbursement and can range from 1% to 5% of the loan amount. The late payment fee is charged when the borrower fails to make the payment on time, and the early settlement fee is charged when the borrower repays the loan before the due date.
79Cash offers customer service through phone, email, and online chat. However, the company’s customer service hours are limited, and they are closed on weekends and public holidays. Additionally, some customers have reported difficulties in reaching customer service representatives, which can be frustrating for borrowers who need immediate assistance.
Comparison to Fresh Quick Loans
Fresh Quick Loans also provides short-term loans to individuals, but with more competitive interest rates and fewer fees. We pride ourselves on our commitment to transparency and our dedication to providing excellent customer service. We offer a range of loan options to suit different financial situations, and our application process is simple and straightforward. Our customer service team is available seven days a week, and we are always happy to assist our borrowers with any questions or concerns they may have.
While 79Cash may be a viable option for borrowers who need quick access to cash, its high interest rates and numerous fees make it less attractive compared to other lenders such as Fresh Quick Loans. We believe that taking out a loan should be an affordable and stress-free experience, and we’re committed to providing our borrowers with the best possible loan options and customer service.