【 APP Introduction 】
ElephantLoan is a platform dedicated to serving users who require short-term loans. We will provide users with safe and reliable loan services.
Ideal: Establish a healthy and good lending relationship between the platform and users.
【 Application Requirements 】
1. Citizens holding Myanmar or Cambodian ID cards
2. Age must be between 18-55 years old
3. Repayment ability
【 Purpose of Application 】
1. Download the application (ElephantLoan)
2. Fill in your real information
3. Apply for a loan within the application
After approval, the loan amount will be directly transferred to the user's bank account
【 Product Description 】
Loan amount 300 USD to 2000 USD
Loan term 91 to 365 days
-Annual interest rate: 3% to 12% per year
-Management fee 1% to 5%
Late fees are charged at a maximum of 0.01% per day (up to a maximum of 18% of the overdue amount). Your loan has no other secret fees.
-Users will only be penalized for delayed payment of scheduled payments.
【 For example 】
If the loan amount is 500 USD, the term is 180 days (6 months), and the annual interest rate is 10%, the interest and total amount to be paid on the due date are
Interest: 500 USD * 10% / 365 * 180=24.66 USD
Principal repayment = 500 USD
Total repayment amount: 500 USD + 24.66 USD = 524.66 USD
Due to a repayment period of 6 months:
The monthly repayment amount is USD 524.66 / 6 = 87.44 USD
【 Information Security 】
User information is absolutely secure.
All information is encrypted and protected, and we will not share user data with any third party.
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