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. For loans between $200 and $2,000 this is a great solution to allow you to access cash quickly. 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 payments.
62 day maximum repayment period.
No minimum repayment period.
Zero APR, no APR, zero interest, no interest rate as we only facilitate IOUs between known parties.
Example Scenario: If you borrow $400 from a mate via the IOUcash App for a $4.99 arrangement fee and add an optional $10 tip, then your total repayment will be $414.99.