We want to help everyday Aussies do better with cash.
We have all been there, we need money, and we don’t want to go through the hassle of applying for a loan or going to a bank. At IOUcash we have reinvented the IOU and have built a safe and reliable system that allows mates to help mates. Whether paying bills, fixing your car, an unforeseen emergency or just helping you get through, with IOUcash borrowers benefit from an increased chance of getting an IOU and lenders benefit from peace-of-mind with automated repayments.
Maximum Annual Percentage Rate (APR) is zero. IOUcash has no minimum repayment period and a maximum repayment period of 62 days.
Example Scenario: You request to borrow $400 from a friend via the IOUcash App, to be repaid in 4x equal weekly instalments. A one-off arrangement fee of $11 (2.75% of the total requested) is applied. In this example of the $400 borrowed your friend pays out $400 and you receive $389. Then each week, $100 is automatically taken from your bank account via Direct Debit directly back into your friend's bank account. In the fourth and final week, your friend will then have had their $400 repaid. You will have paid $400 having received $389 with IOU receiving an $11 fee.
We have all been there, we need money, and we don’t want to go through the hassle of applying for a loan or going to a bank. At IOUcash we have reinvented the IOU and have built a safe and reliable system that allows mates to help mates. Whether paying bills, fixing your car, an unforeseen emergency or just helping you get through, with IOUcash borrowers benefit from an increased chance of getting an IOU and lenders benefit from peace-of-mind with automated repayments.
Maximum Annual Percentage Rate (APR) is zero. IOUcash has no minimum repayment period and a maximum repayment period of 62 days.
Example Scenario: You request to borrow $400 from a friend via the IOUcash App, to be repaid in 4x equal weekly instalments. A one-off arrangement fee of $11 (2.75% of the total requested) is applied. In this example of the $400 borrowed your friend pays out $400 and you receive $389. Then each week, $100 is automatically taken from your bank account via Direct Debit directly back into your friend's bank account. In the fourth and final week, your friend will then have had their $400 repaid. You will have paid $400 having received $389 with IOU receiving an $11 fee.
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