With Immediate Loan, you can borrow money to meet your financial needs.
Loan amounts from 30,000 XOF to 500,000 XOF
- Reimbursement terms from 3 to 24 months
-Interest rate (APR, min to max) for this loan: 17% to 29% per year
- Management fee of 2.5% to 5% (18% GST applies)
- You may be subject to late fees of up to 0.1% per day (capped at 18% of the principal amount overdue).
- There are no other hidden fees on your loan
Example
- Loan of 5000 XOF at 12% per year (per year) for 61 days
- Interest on the loan = 5000 XOF x 12% / 365 x 60 = 100 XOF
- Loan fee = 5000 XOF x 3% = 125 XOF (also applies GST for 27 XOF)
- Total cost of the loan = 225 XOF
- The total amount of the loan disbursed is 4848 XOF (5000 XOF - 152 XOF).
- Total loan to be repaid is 5100 XOF (5000 XOF + 100 XOF)
The monthly repayment is 2550 XOF
Requirements:
1) A telephone number used
2) Valid government ID
3) Stable income
4) Age between 18 and 60 years old
How to apply for a loan?
1) Install Instant Loan and register with your own phone number.
2) Complete the loan application form.
3) Wait for cash loan approval.
4) Apply for your personal loan.
Contact us
If you have any questions regarding this privacy policy or other privacy issues, you can reach us at: [email protected].
Address: 8FQ1+8M, Cotonou
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