IOUcash 1.15.0

We aim to assist ordinary Australians in managing their finances more effectively. Many of us have experienced situations where we require immediate funds without the complexities associated with traditional loan applications or banking procedures. At IOUcash, we have reimagined the concept of IOUs, offering a secure and dependable platform that enables friends to support one another. This innovative approach provides a convenient solution for loans ranging from $200 to $2,000, ensuring quick access to cash for various purposes such as bill payments, car repairs, emergencies, or general financial support.

Key features include a maximum repayment period of 62 days and no minimum repayment duration. IOUcash operates with zero Annual Percentage Rate (APR) or interest rates, exclusively facilitating transactions between acquaintances. For instance, if you borrow $400 from a friend through the IOUcash App, you would incur a $4.99 arrangement fee and have the option to include a $10 tip, resulting in a total repayment amount of $414.99. Borrowers benefit from increased flexibility in obtaining IOUs, while lenders enjoy the convenience of automated payment processing.